Bolen Point Plantation

Key facts from Bolen Point Plantation's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Property Owners Association (HOA) (Article 1, Articles of Incorporation ref)

Legal name

Bolen Point Plantation Property Owners Association, Inc.

Governing law

State of South Carolina (State of South Carolina in heading and n)

Assessments & dues

Initial $120 per connection for pressure collection and lagoon treatment center; $50 per owner of vacant lot (Bylaw Thirteen (a)(3))

Special assessments

Special assessments may be levied by Board for improvements or repairs to pressure collection and lagoon treatment center or further improvements to amenities (Bylaw Thirteen (b))

Collections & liens

Unpaid assessments become a lien on the lot; corporation may record notice of claim of lien as mechanic's lien and foreclose per South Carolina law; costs and reasonable attorney's fees added; also may bring in personam action (Bylaw Thirteen (d)(2))

Reserves & fees

5% of assessment due if not paid within 30 days of due date (Bylaw Thirteen (d)(3))

Maintenance

Association responsible for maintenance, repair, replacement of common areas, boat landing, pressure collection and lagoon treatment center; owners responsible for their lots (Bylaw Fifteen (a) and (b))

Insurance

Board to procure and maintain adequate liability and hazard insurance on property owned by the Association (Bylaw Nine (b)(8))

Voting & meetings

One vote per lot of which member is legal owner of record; joint owners designate one voter; voting by proxy allowed with 6-month limit; voting by mail or telephone authorized (Article Four (b) and Article Five (f)(g))

Amendments

Proposed amendment becomes effective when approved by three-fourths (3/4) majority of Members entitled to vote (Bylaw Seventeen)

Amenities

Common areas including boat landing and sewage system (pressure collection and lagoon treatment center); Board may adopt rules for use of common areas (Bylaw Nine (a)(1), Bylaw Fifteen (a))

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