Greystone Homeowners' Association

Key facts from Greystone Homeowners' Association's documents

Community type

Homeowners Association (not a condominium regime) (Background Statement (page after table o)

Legal name

Greystone Homeowners Association, Inc. (Transfer of Ownership Form (first line))

Developer / declarant

Builders Interest Development Corporation, a Georgia corporation (First page of Declaration (third paragra)

Governing law

Not a condominium regime subject to Georgia Condominium Act (O.C.G.A. §44-3-70 et seq.) (Background Statement (last sentence befo)

Assessments & dues

Not fixed; set by Board and levied equally per Residence (Article IV.Section 4)

Special assessments

Allowed; up to $300 per Residence per year without vote; above that requires Majority approval and Declarant consent (as long as applicable) (Article IV.Section 5)

Collections & liens

Assessments become a continuing lien on the Residence; superior to all except ad valorem taxes and first Mortgage; Association may foreclose; Owner personally liable; lien includes late charges, interest, costs, attorneys' fees (Article IV.Sections 3, 6, 7)

Reserves & fees

Budget includes 'capital contribution or reserve in accordance with a capital budget separately prepared' (Article IV.Section 4)

Pets

Yes: dogs, cats, other usual household pets in reasonable number (Article VI.Section 7)

Leasing & rentals

Yes, for residential purposes (Article VI.Section 5)

Parking & vehicles

Boats, recreational vehicles, motor homes, mobile homes stored in Community for >24 hrs considered nuisance and may be removed (unless in garage or designated area) (Article VI.Section 4)

Architectural approval

ARC must approve/disapprove within 30 days after submission; if no response within 30 days, approval deemed given (Article VI.Section 10)

Home business

Prohibited (no commercial use) (Article VI.Section 2)

Signs & flags

Exterior flags, sculpture, fountains, similar items must be approved by Board or designee (Article VI.Section 23)

Setbacks / home size

Minimum building line setback from curb: 25 feet; minimum side yard distance: 10 feet (unless otherwise permitted by ARC) (Article VI.Section 26)

Maintenance

Not explicitly stated; likely Owner's responsibility (part of Residence maintenance)

Insurance

Policies may contain reasonable deductible; deductible for casualty insurance allocated among persons responsible for maintenance of damaged property (Article VII.Section 1 (last paragraph) a)

Use restrictions

All Lots restricted to single-family residential use; no commercial, business, or professional purpose (except Declarant/builder during development) (Article VI.Section 2)

Voting & meetings

One vote per Residence; Owner may assign voting right to tenant via written instrument; multiple owners must determine vote jointly or vote suspended (Article III.Section 2)

Amendments

Declaration may be amended; requires majority vote of Association (other than Declarant when consent needed) and Declarant consent as long as Declarant owns development property; Board may amend Article X for lender requirements without Own (Articles IX.Section 1, XII.Section 4 (re)

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