Daybreak

Key facts from Daybreak's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Daybreak Homeowners Association (the 'HO)

Legal name

Daybreak Homeowners Association

Developer / declarant

Tega Cay Associates

Governing law

S.C. Code Ann. § 27-31-240 (compliance with S.C. Code Ann. § 27-31-2)

Special assessments

Board may levy special assessment against all Owners without vote to cover deficiency in insurance proceeds for common area repair (the Board of Directors may levy a specia)

Reserves & fees

A reserve fund may have been established for common area repair deficiency (cannot be appropriated from a reserve fu)

Insurance

Property insurance for common areas at full replacement cost, fire and other hazards including extended coverage, with reasonable deductibles; public liability policy covering common areas and negligence of Association, members, directors, (obtain and continue in effect adequate p)

Voting & meetings

Amendment requires not less than 51% of Class A and B votes (not less than fifty-one (51%) percent of)

Amendments

Covenants may be amended by instrument signed by not less than 51% of Class A and B votes, except for unilateral annexation (The covenants and restrictions of this D)

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