Locust Lofts

Key facts from Locust Lofts's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section 1.1)

Developer / declarant

K&K Summerour Family Partnership, LLLP, a Georgia limited liability limited partnership (Preamble and Article I, Section 1.1)

Governing law

Georgia Condominium Act, O.C.G.A. Section 44-3-70 et. seq. (Article I, Section 1.1)

Special assessments

Allowed per Section 8.3. (Article VIII, Section 8.3)

Reserves & fees

Common Expenses include any reasonable reserve as Board may find necessary. (Article II (Definitions: "Common Expense)

Pets

Yes, up to two (2) pets per Unit (small dogs under 35 lbs, cats, birds, fish, or other pets as determined by Board) OR one large dog (over 35 lbs) as only pet. (Article III, Section 3.5(a))

Leasing & rentals

Yes, Units may be leased only in their entirety. No fraction or portion may be leased. Written lease required; copy must be provided to Board within ten (10) days after execution. Owner must make available copies of Governing Documents to l (Article III, Section 3.5(f))

Parking & vehicles

Recreational vehicles may be parked for cleaning, loading, unloading, and short term parking for not more than 12 hours per calendar month. Otherwise prohibited. (Article III, Section 3.5(q))

Architectural approval

Reviewer (ARC or Declarant) must respond within 30 days after receipt of completed application. Failure to respond results in deemed approval, subject to Declarant's veto. Application must include plans and specifications. (Article IV, Section 4.3(b))

Home business

Allowed within Unit if: not detectable from outside, conforms to zoning, no regular client/customer visitation, consistent with residential character and not a nuisance. (Article III, Section 3.5(b))

Maintenance

Owners maintain their Units; Association maintains Area of Common Responsibility (Common Elements, Limited Common Elements, and other areas assumed). Limited Common Elements maintenance is Specific Assessment to assigned Owner(s). Roof, wal (Article V, Section 5.1; Article VII, Sec)

Insurance

Policies may contain reasonable deductible, treated as Common Expense. (Article VII, Section 7.3(b))

Use restrictions

Properties shall be used only for residential and related purposes. Related purposes may include business offices for Declarant or Association, or commercial activity that advances residential/recreational character if authorized. (Article III, Section 3.5)

Voting & meetings

One equal vote per Unit; maximum votes equal total number of Units. Co-owners share vote; if multiple votes cast, unit's vote suspended. (Article VI, Section 6.3)

Amendments

Article XVII: Corrective amendments by Declarant; amendments by Members require vote per Section 17.2 (likely majority or supermajority). Validity and effective date per Section 17.3. (Article XVII)

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