Osprey Pointe

Key facts from Osprey Pointe's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Osprey Pointe Homeowners Association, Inc.

Units / lots

At least 66 lots identified in phases: Phase I 1-16 (16), Phase II 1-30 (30), Phase III 1-17 (17), Phase IV 16-30 (15), Phase V 3 lots (Lot 2,3,4) but these are likely non-platted parcels. Total not explicitly stated. (Amendments listing lots in each phase)

Developer / declarant

Osprey Pointe, Inc.

Governing law

South Carolina Non-Profit Corporation Law (Article V(h) and By-Laws Art I)

Assessments & dues

Maximum $250 per lot initially. Actual amount fixed by Board not exceeding maximum. (Article VI Sec 6.03)

Special assessments

Permitted for capital improvements with 2/3 vote of each class of members voting in person or by proxy at meeting called for that purpose. (Article VI Sec 6.04)

Collections & liens

Assessment is a continuing lien on the lot. If unpaid within 60 days of due date, Association may foreclose lien or bring action at law. Costs and attorney fees added. (Article VI Sec 6.01, 6.08; By-Laws Art X)

Reserves & fees

Required. Board must establish a reserve fund; payments to it part of annual assessment. (Article V (last paragraph); Article VI S)

Pets

Domestic dogs, cats, fish and birds inside bird cages may be kept as household pets within a Home, provided not kept for commercial purposes or in unreasonable quantities. (Article X Sec 10.09)

Leasing & rentals

Rental of homes for residential purposes is permitted (not prohibited). No further restrictions. (Article X Sec 10.02 (last sentence))

Parking & vehicles

Trucks (other than vans/pick-ups) prohibited from parking overnight on any street. Other vehicles not explicitly restricted. (Article X Sec 10.14)

Architectural approval

Article VII intentionally omitted. No architectural control committee. Exceptions: towers/antennas/satellite dishes require Developer approval (Section 10.06). (Article VII; Article X Sec 10.06)

Home business

Prohibited. No trade or business of any kind, nor practice of any profession, permitted within any Home or upon a Lot except as expressly provided. Rental of homes for residential purposes is allowed. (Article X Sec 10.02)

Signs & flags

Only "For Rent" and "For Sale" signs permitted, not exceeding six square feet. No more than two signs displayed on one Lot at same time. (Article X Sec 10.05)

Use restrictions

All Homes shall be used for residential purposes only. (Article X Sec 10.01)

Voting & meetings

Class A (owners) one vote per lot; Class B (Declarant) four votes per lot until conversion events: (a) Class A votes equal Class B, (b) Dec 31, 1999, or (c) Declarant's determination. (Article IV Sec 4.02)

Amendments

First 20 years: requires 75% of Owners. Thereafter: 51% of Owners. Multiple owners of single lot have one vote. Declarant may amend without Class A vote while Class B exists. Record in RMC Office. (Article XI Sec 11.04)

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