Homeowners Association of Summerhill, Inc.

Key facts from Homeowners Association of Summerhill, Inc.'s documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

HOMEOWNERS ASSOCIATION OF SUMMERHILL, INC.

Governing law

Georgia Nonprofit Corporation Code, O.C.G.A. § 14-3-101 et seq. (Article Three, Section 3.01)

Assessments & dues

Board prepares and adopts annual budget establishing each Owner's share of Common Expenses, and levies assessments. (Sections 5.20(a), (b))

Special assessments

If borrowing for discretionary capital improvements exceeds 20% of budgeted gross expenses in 12-month period, member approval required in same manner as Special Assessments in Declaration Section 8.05. (Section 5.24)

Collections & liens

Reasonable monetary fines constitute a lien upon the Lot of the violator. (Section 5.26)

Reserves & fees

Reserve fund may be deposited in depositories other than banks, in directors' best business judgment. (Section 5.20(e))

Voting & meetings

Each Owner entitled to vote as set forth in Declaration. One vote per Lot. No cumulative voting for directors. (Sections 4.01, 4.14, 5.05(b))

Amendments

By Class B Member unilaterally during Class B membership. By Members: affirmative vote or written consent of at least 51% of total Class A votes plus consent of Class B Member if exists. By Board: unanimous vote to conform to Georgia Proper (Section 8.06(a)-(c))

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