Paddlers Cove Townhomes

Key facts from Paddlers Cove Townhomes's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

attached single-family townhomes (Preamble A: 'planned community of attach)

Legal name

Paddlers Cove Townhomes Property Owners Association, Inc.

Developer / declarant

Crescent Crowders Creek, LLC, a Delaware limited liability company (Preamble and Article I Section 5)

Governing law

South Carolina Homeowners Association Act (Title 27, Chapter 30 of the South Carolina Code of Laws) (Article I Section 1: 'Act' definition)

Assessments & dues

Maximum Annual Assessment for Class A Lot: $2,196.00 until December 31, 2020; then automatically increases by 10% each year beginning January 1, 2021. (Article V Section 3)

Special assessments

May be levied for capital improvements, debt repayment, or non-recurring expenses; requires approval by Declarant during Declarant Control Period and by 2/3 of Class A Members present and voting. (Article V Section 5)

Collections & liens

Assessments unpaid for 30 days become a lien on the Lot upon filing a claim of lien; may be foreclosed under the Act or by law. Personal obligation of Owner at time due. Subordinate to first mortgage. Foreclosure of first mortgage extinguis (Article V Sections 7 and 8)

Reserves & fees

Not specifically mentioned; working capital fund is described but not a reserve fund. (Not addressed)

Pets

Yes, reasonable number of cats, dogs, and other household pets, not for commercial purposes, not a nuisance. (Article X Section 4)

Leasing & rentals

Yes, Owner may lease a Lot to residential tenants for profit. (Article X Section 1: 'any Owner may leas)

Parking & vehicles

Not permitted except in designated paved parking spaces. (Article X Section 6(i))

Fences

Any fence or wall must meet zoning, be approved; chain-link fences not permitted; retaining walls and certain fences installed by Declarant are exempt. (Article X Section 9)

Architectural approval

Yes, prior written approval of Executive Board required for any structure, fence, exterior addition, change, or alteration. Also subject to Master Declaration architectural control. (Article IX Section 1(a): 'complete and f)

Use restrictions

All Lots shall be used for residential purposes only. (Article X Section 1)

Voting & meetings

Class A Members: 1 vote per Lot; Class B Member (Declarant): 9 votes per Lot during Declarant Control Period, then 1 vote per Lot (Article III Section 2)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.