Henderson Village Property Owners Association, Inc.

Key facts from Henderson Village Property Owners Association, Inc.'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Paragraph 1: 'The name of the condominiu)

Units / lots

120 (Paragraph 3: 'The Condominium will be di)

Developer / declarant

Prospect/Beacon, LLC (Opening sentence of Declaration)

Governing law

Georgia Condominium Act, O.C.G.A. § 44-3-70, et seq. (1991 and Supp. 2002) (Paragraph 1)

Assessments & dues

Set by Board budget; delivered 21 days before annual meeting; becomes effective unless disapproved by majority vote at annual meeting (Paragraph 10(d))

Special assessments

Board may levy; if average total special assessments in a fiscal year exceed $200 per Unit, must be approved by majority of total Association vote (Paragraph 10(e))

Collections & liens

Assessments are a continuing lien on the Unit; personal obligation of Owner; Association may suspend use of Common Elements and utility services after 30 days delinquency and judgment (Paragraph 10(b) and 10(c)(iv))

Reserves & fees

Board annually prepares a capital reserve budget; capital reserve contribution included in budget (Paragraph 10(f))

Leasing & rentals

Not included in provided excerpt; Section 15 mentioned in table of contents (Not available)

Parking & vehicles

Parking spaces may be assigned as Limited Common Elements; Declarant has right to sell parking spaces to Unit Owners (Paragraph 5(a)(iv) and 5(c))

Maintenance

Section 17 referenced in table of contents; not provided in excerpt (Not available)

Insurance

Deductible considered maintenance expense; apportioned among affected parties; for insurance required under Act, no Owner assigned more than $1,000 per occurrence as deductible (Paragraph 11(i))

Voting & meetings

One (1) equally weighted vote per Unit (Paragraph 7: 'the Owner or collective Ow)

Amendments

Not fully specified in excerpt; for changes to undivided interests in Common Elements, requires consent of all Owners and Mortgagees (or lesser number as may be prescribed by Act) and duly recorded amendment (Paragraph 5)

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