Seaforever

Key facts from Seaforever's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Seaforever

Units / lots

13 interval ownership interests (Article I, Section 6 and 7)

Developer / declarant

J. Timms and Company, Inc.

Governing law

S.C. Code Ann. § 15-48-10 et seq. (1976), as amended (Page 1, Preamble)

Assessments & dues

$4,646.61 per Interval Interest per year (initial) (Article IV, Section 3)

Special assessments

May be levied by majority vote of Members, or by unanimous vote of Board for health/safety/welfare (Article IV, Section 4)

Collections & liens

Annual and Special Assessments are a continuing lien on the Interest; Association may foreclose like a mortgage under South Carolina law (Article IV, Section 1; Article II, Secti)

Reserves & fees

Association may establish reserves for major repairs or improvements (Article II, Section 1(b))

Leasing & rentals

No; Owners prohibited from renting their Use Periods or any portion thereof (Article VIII, Section 7)

Architectural approval

No improvement, alteration, or rearrangement may be made without approval of specifications by majority in interest of Members or unanimous consent of Board (Article IX, Section 6; Article VII, Sect)

Maintenance

Owner responsible for damage caused by Owner, family, or guests; Association responsible for general maintenance, repairs, improvements via assessments (Article VII, Section 4; Article IV, Sect)

Insurance

Fire, extended coverage, vandalism, malicious mischief insurance on improvements, furniture, fixtures, equipment; public liability insurance; flood, hazard, windstorm, hail as deemed necessary (Article XI; Article VI, Section 2(g))

Use restrictions

Owner shall occupy and use Property as a single family private dwelling (Article IX, Section 4)

Voting & meetings

Each Owner shall have one vote for each Interest owned; voting suspended if delinquent in assessments (Article V, Section 2; Article II, Sectio)

Amendments

Amendment requires instrument signed by at least 75% of Owners (each 1/13 Interest one vote); Declarant may amend for scrivener's errors or to conform with mortgage requirements without Owner vote (Article VIII, Section 4)

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