Waverly Place (GA)

Key facts from Waverly Place (GA)'s documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Assessments & dues

Board prepares budget covering estimated operating costs, including capital reserves, at least 45 days prior to annual meeting; budget and assessment delivered to members; becomes effective unless disapproved at a meeting called by the Boar (Article Six E)

Special assessments

May be levied in any assessment year with assent of at least two-thirds of votes of each class of Owners voting in person or by proxy at a meeting duly called for that purpose. (Article Six H)

Reserves & fees

Budget may include a capital contribution or reserve in accordance with a separately prepared capital budget. (Article Six E)

Leasing & rentals

Yes, lease or rental of a Lot or building thereon for residential purpose is not a violation of the covenant. (Article Seven A)

Parking & vehicles

Prohibited from outside storage or parking on any Lot or Common Area (includes boat, watercraft, boat trailer). (Article Seven G)

Architectural approval

If the Board or Committee fails to approve or disapprove within 60 days after submission, approval is not required and Article Eleven is deemed complied with. (Article Eleven)

Home business

Home office use or office for administration or rental of the Property is permitted. (Article Seven A)

Maintenance

Association maintains and replaces roof (roofing material and surface to which it is attached). Does not include supporting beams or structures. (Article Four B(3)(c))

Use restrictions

Each Lot shall be used for residential purposes, home office use, or office use for administration or rental of the Property. No other trade or business that attracts non-resident people or vehicles. Lease or rental for residential purpose (Article Seven A)

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