North Creek

Key facts from North Creek's documents

Community type

planned community (Section 1.1)

Units / lots

Determined by Master Plan; not stated as a fixed number. References to certificates of occupancy for 80% of total dwelling units proposed by Master Plan for Exhibits A and B. (Definition of Class B Control Period (a))

Developer / declarant

Direct- MWV-PARKS OF BERKELEY LLC

Governing law

South Carolina law (nonprofit corporation law, property law); specific statute not cited (Section 1.2 (reference to South Carolina)

Assessments & dues

General Assessment: determined by Board through adoption of annual budget, which is then ratified by Members (as specified in Section 8.2). Service Area Assessments also permitted. (Section 8.2)

Special assessments

Authorized (Section 8.3). (Section 8.3)

Collections & liens

Assessments constitute a lien against the Unit (Section 8.6). Enforcement includes foreclosure. (Section 8.6)

Reserves & fees

Common Expenses may include reasonable reserves (definition of Common Expenses). (Definition of Common Expenses)

Leasing & rentals

Yes, but subject to restrictions (Section 3.6). (Section 3.6)

Home business

Restricted: activities not normally associated with residential use that create costs, danger, odor, noise, traffic, unsightliness, or annoyance are prohibited (Section 3.4(f)). (Section 3.4(f))

Signs & flags

Political signs allowed; Association may prohibit display earlier than 45 days before election and later than 7 days after; may regulate size and number (Section 3.4(d)). (Section 3.4(d))

Insurance

Association may carry insurance (Section 7.4). Not detailed. (Section 7.4)

Use restrictions

Excessive odor, noise, traffic, unsightly conditions visible from outside, and unreasonable source of annoyance are prohibited (Section 3.4(f)). (Section 3.4(f))

Voting & meetings

Class A: one vote per Unit, regardless of number of co-owners. Class B: Declarant has Class A votes for owned Units plus consent/approval rights and ability to appoint majority of Board during Class B Control Period. (Section 6.3(a) and (b))

Amendments

By Declarant unilaterally so long as Declarant has right to amend (Section 19.1). By Members: requires vote of Members entitled to cast at least 67% of votes in the Association (Section 19.2). Supplemental Declarations may also be used (Art (Sections 19.1, 19.2)

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