Brookhaven Lofts & Townhomes

Key facts from Brookhaven Lofts & Townhomes's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1)

Legal name

Brookhaven Lofts and Townhome Unit Owners Association, Inc. (Section 2.5; Section 2.3)

Units / lots

Initially eleven (11) separate Units (Article 4, first paragraph)

Developer / declarant

Branch Banking and Trust Company, a North Carolina banking corporation (Preamble; Section 2.15)

Governing law

Georgia Condominium Act, O.C.G.A. § 44-3-70, et seq. (Article 1; Section 2.1)

Assessments & dues

Board prepares budget at least 21 days before annual meeting; becomes effective unless disapproved by Majority of Total Association Vote (Section 10.4)

Special assessments

Board may levy special assessments; if average total in fiscal year exceeds $200 per unit (or higher Act amount), must be approved by Majority of Total Association Vote; exceptions for Section 8.2 and Section 12.2 (Section 10.5; Section 8.2)

Collections & liens

Assessments, charges, interest, costs, attorneys' fees are a continuing lien on the Unit; personal obligation of owner. (Section 10.2)

Reserves & fees

Annual capital reserve budget required; contribution set by Board (Section 10.6)

Pets

Animals regulated (Section 14.11) (Section 14.11)

Leasing & rentals

Leasing permitted but subject to restrictions in Article 15 (Article 15)

Architectural approval

Yes, architectural controls; alterations require approval (Article 13; Section 13.1)

Home business

Live/Work Spaces permitted for commercial or business purposes as defined; see Section 14.3 (Section 2.39(b); Section 14.3)

Signs & flags

Signs, advertising posters, political placards, banners, flags, stickers, billboards, speakers, lighting, awnings, canopies or shutters regulated (Section 13.12)

Maintenance

Roof rafters are part of Townhome Unit boundaries (Section 4.2(a)(ii)) but exterior maintenance likely Association; not explicitly stated for all units (Section 4.2; Section 17.2)

Insurance

Deductibles authorized by Board from time to time (Section 9(k))

Use restrictions

Residential Condominium Units for residential purposes; Live/Work Spaces allow certain commercial use (Section 14.2, 14.3)

Voting & meetings

Each Unit entitled to one equally weighted vote; Majority requires vote of both Live/Work and Townhome Unit Owners (Article 7; Section 2.25)

Amendments

Amendments require consent of Owners and Mortgagees as per Act; material amendments require Eligible Mortgage Holder approval; Declarant may unilaterally amend during control period (Article 21; Section 21.4 (Material Amend)

Amenities

Not explicitly listed; Common Elements include all non-Unit areas; Master Condominium may provide amenities (Article 5; Master Declaration referenced)

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