Sfg Soc Lm Chamblee

Key facts from Sfg Soc Lm Chamblee's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

industrial (Section 1.8: 'That certain industrial de)

Governing law

Georgia law (Section 4.1: 'the laws of the State of G)

Assessments & dues

Not fixed; computed as total Common Expenses multiplied by fraction (Parcel acreage / total acreage) (Section 8.3)

Special assessments

Can be levied with approval of 67% of Class A votes and Declarant during Development Period. Allocated equally among subject Parcels. (Section 8.5)

Collections & liens

Association has lien for unpaid Assessments, superior except taxes and first priority mortgages. May be enforced by suit, judgment, or foreclosure. (Section 8.7)

Reserves & fees

Board may prepare reserve budget each year; may include reserve amounts for projected capital needs. (Section 8.4)

Maintenance

Association maintains Area of Common Responsibility (landscaping, parking, detention ponds, trail system, etc.). Owner maintains its Parcel and all structures consistent with Project-Wide Standard. (Section 5.1, 5.2)

Insurance

Commercial general liability ($2M per occurrence minimum), workers comp, D&O, fidelity, other as Board determines. (Section 6.1(a))

Voting & meetings

Each Parcel has one membership. Class A members have 1 vote per 1,000 sq ft of completed building. Each Owner appoints one director who casts all votes. Class B member (Declarant) has approval rights and appoints one board member until end (Section 2.1, 2.2, 2.3)

Amendments

Article 7 (withdrawal) cannot be amended during Development Period without Declarant's written consent. General amendment likely in Article 16.2 (not in provided text). (Section 7.3)

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