Parker's Preserve

Key facts from Parker's Preserve's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners' Association (The Parker’s Preserve Homeowner’s Association, Inc.) (Section 1.1, 2.1.7)

Units / lots

Initially Lots 1 through 33 (as shown on plat), with ability to add Additional Property (Section 2.1.25 (Page 239) and Section 3.)

Developer / declarant

MTS CHS, LLC, a South Carolina limited liability company (Opening paragraph, Page 237)

Governing law

South Carolina Nonprofit Corporation Act (implicitly), and S.C. Code §47F-3-107.1, §47F-3-116 (Section 5.4.2(a) and 6.6.1)

Assessments & dues

No specific dollar amount provided; set by Board via budget at an equal rate per Lot, subject to discount for unoccupied Lots (25% rate before conveyed for residential use). (Section 6.2.2, 6.5.1)

Special assessments

May be levied for unbudgeted expenses; requires affirmative vote of >50% of total votes of affected Lots and, during Declarant Control Period, written consent of Declarant. (Section 6.3)

Collections & liens

Association has a lien for unpaid assessments after 30 days delinquent. Lien is superior to all other liens except tax liens and recorded first Mortgages. Foreclosure may be judicial or nonjudicial (but fines/service fees only judicial). As (Section 6.6)

Reserves & fees

Budget must include a reasonable contribution to a reserve fund for repair and replacement of capital items. (Section 6.2.1)

Leasing & rentals

Yes, but Association may restrict leasing of multiple Lots by same Owner or related persons, and may require a minimum lease term of up to 12 months. Lease forms may be required. (Section 7.4.8)

Fences

Not specifically addressed in the Declaration; subject to Design Guidelines and DRC approval. (Article VIII (general))

Architectural approval

Yes. No structure or improvement shall be placed, erected, or installed on any Lot without prior written approval. Exterior repainting with original colors and interior remodeling (except areas visible from outside) do not require approval. (Sections 8.1, 8.2.1, 8.2.2)

Signs & flags

Indoor or outdoor display permitted; Association may prohibit earlier than 45 days before election and later than 7 days after, and regulate size and number (subject to state law). (Section 7.4.4)

Insurance

Deductible treated as Common Expense unless loss due to negligence or willful misconduct of specific Owner, then assessed to that Owner as Specific Assessment. (Section 5.3.2)

Use restrictions

Community is a planned residential community; lots are for residential purposes. Association may restrict activities not normally associated with residential use. (Section 1.1, 7.4.6)

Voting & meetings

Class A Members: one vote per Lot owned; Class B Member (Declarant): no vote but consent rights for certain actions. Co-owners share one vote. (Section 4.3)

Amendments

By Declarant: unilateral before end of Declarant Control Period. By Members: requires vote of at least 67%? (Text not fully extracted; Table of Contents shows Article XVII). Also requires mortgagee consent if affecting certain rights. (Article XVII (Pages 236, 250 partial))

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