La Carre

Key facts from La Carre's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

La Carre, a Condominium

Governing law

Georgia Condominium Act, Official Code of Ga. Ann. Section 44-3 (Preamble; Section 1.1)

Assessments & dues

Board of Directors prepares annual budget subject to Unit Owner approval per Bylaws (Section 5.3.2 (page 15))

Special assessments

Board of Directors may make special assessments for extraordinary items not budgeted (Section 5.4 (page 16))

Collections & liens

Continuing lien on Unit for assessments, prior except ad valorem taxes, first mortgage, pre-recording mortgages. Foreclosure may be instituted. (Sections 5.1, 5.5.2 (pages 12-13, 17))

Reserves & fees

Establishment and maintenance of reasonable reserve fund for periodic maintenance, repair, replacement, and operating contingencies authorized (Section 5.3.1(vii) (page 14))

Leasing & rentals

Leases permitted but must be in writing and subject to all provisions of Declaration, Articles, Bylaws, Act; Unit Owner responsible for lessee compliance (Section 9.3 (page 25-26))

Maintenance

Unit Owner responsible for maintenance/repair/replacement of Unit and assigned limited common elements; Association responsible for common elements except limited common elements (Sections 7.1, 7.2 (pages 19-20))

Insurance

Casualty insurance for fire and extended coverage at full replacement value of all structures and insurable improvements; liability insurance minimum $500,000/person, $1,000,000/occurrence, $50,000 property damage; also fidelity insurance a (Section 6.2 (page 19))

Use restrictions

All Units restricted exclusively to residential use (Section 9.1 (page 25))

Voting & meetings

Each Unit shall be allocated an equal vote in the Association (Section 3.1 (page 7))

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