Madeira Homeowners Association, Inc.

Key facts from Madeira Homeowners Association, Inc.'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Madeira Homeowners Association, Inc.) (Section 1.2)

Governing law

Georgia Property Owners' Association Act (Article XVI, Section 16.3)

Age restriction

Community intended for housing persons 55 or older. At least one occupant per Lot must be 55+ (Qualifying Occupant). No person under 18 allowed except one minor for health care accommodation. Board may adopt verification procedures. Declara (Section 8.23)

Assessments & dues

Not fixed; set annually by Board based on budget. Budget must be delivered to Owners at least 60 days before fiscal year. Assessment becomes effective unless disapproved by majority of membership at meeting held at least 30 days before fisc (Section 6.4)

Special assessments

Board may levy special assessment for any purpose. Special assessments exceeding $200 per Lot per fiscal year require approval of two-thirds of total eligible votes of Association. (Section 6.7)

Collections & liens

Assessments, charges, interest, costs, and reasonable attorney's fees constitute a continuing lien on the Lot and personal obligation of Owner. Association may sue after 60 days delinquent. Board may accelerate unpaid installments after not (Sections 6.2, 6.11(c)–(g))

Reserves & fees

Board shall prepare annual or multi-year reserve budget for replaceable assets and establish a reserve account funded from assessments. (Section 6.6)

Pets

Reasonable number of generally recognized household pets allowed. (Section 8.4)

Architectural approval

Written approval of Architectural Control Committee (ACC) required for any exterior change, alteration, modification, construction, or placement of objects on a Lot (including fences, playground equipment, lights, basketball goals, storm do (Section 7.1)

Use restrictions

Each Lot shall be used for residential purposes only. No trade or business conducted from Lot or Community, with exceptions for certain home businesses meeting conditions (not visible/detectable, no employee/client visits, conforms to zonin (Section 8.1)

Voting & meetings

One vote per Lot owned. Multiple owners determine vote among themselves; if disagreement, vote suspended. Voting rights suspended if member more than 30 days delinquent on assessments. Entity members represented by designated individual. (Sections 4.2, 4.3)

Amendments

Before 100% of Lots conveyed from Declarant, any amendment must be approved in writing by Declarant; Declarant has unilateral right to amend without member approval. After such date, amendments require approval as per Article XVI (not fully (Section 3.4)

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