Town Brookhaven Parcel C Master Condominium

Key facts from Town Brookhaven Parcel C Master Condominium's documents

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

Community type

Master Condominium (two Master Units: Apartment and Retail) (Section 1, Section 2.z)

Units / lots

2 Master Units (Apartment Master Unit and Retail Master Unit) (Section 4.a)

Developer / declarant

Lincoln Brookhaven LP, a Delaware limited partnership (Introductory paragraph)

Governing law

Georgia Condominium Act, O.C.G.A. §44-3-70 et seq. (Section 2.a)

Assessments & dues

Set annually by Board based on budget; not fixed in declaration (Section 10(c): 'Board shall prepare a bu)

Special assessments

Board may levy special assessments; any exceeding $200 per Master Unit per fiscal year requires Majority vote (Section 10(e))

Collections & liens

Unpaid assessments create a continuing lien on the Master Unit; may be enforced as provided in Act (Section 10(b))

Reserves & fees

Board may establish and maintain reserves in annual budget (Section 10(c): 'establishment and mainte)

Leasing & rentals

References 'Apartment Master Unit Resident' as tenant – implies leasing permitted for apartment units (Section 2(c))

Parking & vehicles

Parking Area is part of Apartment Master Unit; exclusive easement for 125 spaces to Retail Master Unit; valet service area (Section 2(ii) and Section 22)

Insurance

Master Association required to maintain insurance as per Section 44-3-107 of the Act and additional insurance (Section 10(c)(ii) and Section 11 (refere)

Voting & meetings

Each Master Unit is assigned a number of votes as set forth on Exhibit B. The director of the Board representing each Master Unit casts that number of votes. (Section 7)

Amendments

Amendment to alter percentage interests requires consent of all Owners and Mortgagees; otherwise by vote per Act (not fully specified) (Section 5: 'only by the consent of all O)

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