Peachtree Square

Key facts from Peachtree Square's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

commercial (1.1 Purpose and Intent: office, industri)

Developer / declarant

PSIP, LLC, a Georgia limited liability company (Declaration, first paragraph)

Governing law

Georgia law; not subject to Georgia Condominium Act (O.C.G.A. §44-3-70) nor Georgia Property Owners' Association Act (O.C.G.A. §44-3-220) (Section 1.1: 'This document does not and)

Assessments & dues

Board adopts budget and allocates Common Expenses as Base Assessments (Section 8.1)

Special assessments

May be levied by the Association to fund Common Expenses not anticipated in the annual budget, subject to vote of Owners representing at least 67% of total voting interests (if above a certain threshold – details not fully provided). (Section 8.3 (partially visible) and Tabl)

Collections & liens

Association may lien for assessments (Section 8.7); fines become lien (Section 7.4(a)) (Sections 8.7, 7.4(a))

Reserves & fees

The Board shall budget for reserves. (Section 8.2 (heading) and Table of Conte)

Leasing & rentals

Leasing permitted; lessees bound by Governing Documents; Owner may designate lessee as representative (Sections 1.3, 6.2)

Parking & vehicles

Vehicles may be left only in areas expressly designed and designated for parking, in compliance with Board Rules. No boats, campers, or recreational vehicles except as permitted by Board. (Section 3.5(p))

Fences

Fencing allowed on rear yard for outside storage with ARC approval; must obscure contents from public road (e.g., vinyl slats in chain link) (Section 3.5(g))

Architectural approval

Reviewer responds within 30 days of complete application; failure to respond results in deemed approval (Section 4.3(b))

Home business

Commercial uses allowed: general office, distribution, warehouse, retail, light manufacturing, medical office; other uses with approval (Section 3.5(e))

Maintenance

Owner maintains Unit and improvements; Association maintains Area of Common Responsibility (Common Area, Exclusive Common Area, other designated areas) (Articles V and VII)

Insurance

Blanket property insurance on insurable improvements in Common Area and Area of Common Responsibility; commercial general liability $1,500,000 per occurrence; workers comp; D&O; crime (Section 7.3(a))

Voting & meetings

Each Owner has a number of votes equal to the Interest of the Unit multiplied by 1,000. Maximum total votes 1,000. One membership per Unit. Votes cannot be split. (Section 6.3)

Amendments

Declaration may be amended by Members pursuant to Article XVIII; termination requires 80% of total Units and Declarant consent (Sections 1.2, Article XVIII)

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