Mercer Point Condominium Association, Inc.

Key facts from Mercer Point Condominium Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1: 'name of the condominium is M)

Units / lots

220 (Section 4: 'The Condominium will be divi)

Developer / declarant

Montecito Walden, LLC (Preamble: 'THIS DECLARATION is made... b)

Governing law

Georgia Condominium Act, OCGA § 44-3-70 et seq. (Section 1)

Assessments & dues

Set annually by Board, not fixed in declaration (Section 10(d): Board prepares budget and)

Special assessments

Board may levy special assessment; if average total in one fiscal year exceeds $200 per Unit, requires Majority approval (except as allowed for casualty or special assessment under §44-3-80(b)) (Section 10(e))

Collections & liens

Assessments are a continuing lien on the Unit; personal obligation of Owner; Association may sue, suspend rights, and after judgment suspend utilities (Section 10(a), (b), (c))

Reserves & fees

Board shall annually prepare a capital reserve budget and set required contribution; included in budget (Section 10(f))

Architectural approval

Yes, for any exterior change, alteration, or construction (including painting, landscaping), and for certain interior alterations affecting Common Elements or structure (Section 13(a)-(c))

Maintenance

Not fully described; Common Elements (roofs, exterior walls, etc.) maintained by Association; Unit owner responsible for interior per boundaries in Section 4 (Sections 4, 5, and 17 (incomplete text))

Insurance

Reasonable deductible may be included; amount not subtracted from face amount; individual Owner may be allocated up to $2,500 per occurrence for insurance required by Act (Section 11 and 11(i))

Voting & meetings

One equally weighted vote per Unit (Section 7: 'Owner or collective Owners s)

Amenities

Fitness facility, swimming pool, club house, cabana, car care center, tennis courts, playground, limited access gated entry system (Section 5 (list of Common Elements))

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