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))

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.