King Cotton Villa

Key facts from King Cotton Villa's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

King Cotton Villas Horizontal Property Regime

Units / lots

18 (Phase I); maximum 22 if Phase II fully built (up to 4 additional villas) (Article II: nine buildings each with 2 v)

Developer / declarant

Bartley Carson, LLC

Governing law

South Carolina Horizontal Property Act; South Carolina Arbitration Act (S.C. Code Ann. Section 15-48-10 et seq.) (Page 1 (Arbitration Act); Article XXV (H)

Leasing & rentals

Yes, but any lease must be in writing and subject to Master Deed and association rules (Article XII: Any lease or rental agreeme)

Use restrictions

Yes, each Villa restricted to residential use; exception for Grantor or Wyndham Vacation Resorts to use a Villa for sales office/model until all interest conveyed to third parties (Article XII)

Voting & meetings

Each Villa has one vote in the Association; for villas owned by multiple persons or entities, vote cast by person named in certificate filed with Secretary; developer of vacation ownership or timeshare plan may designate the voter (Article VI (page 8): each Villa has one )

Amendments

Master Deed: requires 67% of co-owners to amend; amendments that materially alter Villa boundaries or diminish percentage interest require written consent of affected owner and its lenders. Grantor alone may amend to conform to FNMA/FHLMC r (Article XXV (Master Deed amendment); Byl)

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