Decatur Renaissance Residential Condominium

Key facts from Decatur Renaissance Residential Condominium's documents

Community type

Condominium (Section 1)

Units / lots

84 residential Units initially, with potential expansion to no more than 168 (Section 3 and Section 4)

Developer / declarant

Renaissance Residential Development Partners I, LP, a Georgia limited partnership (Section 1 and Section 2(m))

Governing law

Georgia Condominium Act, O.C.G.A. §44-3-70, et seq. (Section 1 and Section 2(a))

Assessments & dues

Not fixed; determined annually by Board budget (Section 10(d))

Special assessments

Board may levy special assessments; any that would exceed $200 per Unit per fiscal year must be approved by majority vote of total Residential Association vote. (Section 10(e))

Collections & liens

All assessments, charges, interest, costs, attorney’s fees constitute a continuing lien on the Unit; personal obligation of Owner. Association may sue to collect and suspend rights (but not ingress/egress) after 30 days delinquency. (Section 10(b) and (c)(iv))

Reserves & fees

Board shall annually prepare capital budget and set required capital contribution; surplus funds may be added to reserve account. (Section 10(f) and 10(h))

Pets

Reasonable number of generally recognized household pets allowed as determined by Board. (Section 14(h))

Architectural approval

During Declarant Control, Declarant approval required. After Declarant Control, ACC approval required for any encroachment, change, alteration, construction on Common Elements, Limited Common Elements, or exterior of Units (except interior (Section 13(a) and (b))

Home business

Permitted if not apparent from exterior, limited to items allowed by City of Decatur Zoning Ordinance, no unreasonable visitation, no increased traffic, no increased insurance, consistent with residential character, no materially greater us (Section 14(a))

Insurance

Deductible per occurrence shall not exceed $2,500 for coverage required by Act. (Section 11(a)(vi))

Use restrictions

Each Unit shall be used primarily for residential purposes; no trade or business except ancillary home business meeting specific conditions. (Section 14(a))

Voting & meetings

Each Owner is entitled to one (1) vote per Unit. (Section 7)

Amenities

Common Elements include swimming pool, fountain and garden areas, community rooms, entry system, corridors, hallways, elevator, stairways. (Section 5)

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