Decatur Square Condominium

Key facts from Decatur Square Condominium's documents

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

Community type

Condominium

Legal name

Decatur Square Condominium

Developer / declarant

DRL Properties, Inc. ("Declarant" definition, Article I; Execu)

Governing law

Georgia Condominium Act (Georgia Laws 1975, pages 609 through 671, as amended) ("Act" definition, Article I)

Assessments & dues

Board adopts budget no less than 30 days before each fiscal year. Assessment is set to fund common expenses. Specific items (common utilities, pest control, trash, cleaning, building maintenance, insurance, reserves) are allocated on square (Section 6.3, Section 11.3)

Special assessments

The Board may levy a special assessment if the annual budget is inadequate. For capital improvements, a special assessment requires affirmative vote of unit owners with 2/3 of votes (excluding Declarant) plus Declarant's consent if Declaran (Sections 11.4, 11.6, 15.5)

Collections & liens

The Association has a lien for assessments as provided by the Act (Section 41). It may accelerate the entire balance if any installment is 10 days late. It may collect late charges, interest, costs of collection, attorneys' fees, and fair r (Sections 11.7.A, 11.7.B, 11.7.C, 11.7.D)

Reserves & fees

The budget must provide for an adequate reserve fund for maintenance, repair, and replacement of periodically-maintained property. Surplus may be added to reserves. (Sections 11.3, Article XII)

Pets

Yes, reasonable number of animals or birds generally recognized as household pets are permitted, provided they are kept as household pets (not commercial), do not create unreasonable noise, and do not constitute a nuisance. (Section 8.5)

Leasing & rentals

Yes, units may be used for residential rental purposes. Leases must be in writing and comply with Section 13.4. No leasing for transient or hotel purposes. (Sections 8.1, 8.7)

Parking & vehicles

Board may prohibit parking of certain types of motor vehicles on the common elements. (Section 7.2)

Maintenance

Unit owner: interior of unit, exterior doors (except exterior surfaces), glass, window screens, heating/AC/plumbing exclusively serving unit, balconies/patios (but not supporting posts/railings/fences/walls). Association: common elements, e (Sections 9.1, 9.2, 9.3)

Insurance

The Board of Directors shall obtain and maintain insurance policies as required by the Bylaws. (Article XIV)

Use restrictions

All units restricted to single-family residential use. (Section 8.1)

Voting & meetings

One vote per unit. Voting is suspended if the owner is in default on any amounts due to the Association. (Section 6.2; Bylaws Section 3.7)

Amendments

By 2/3 vote of unit owners (and Declarant during control period), except changes to common interest percentages, voting weight, liability, or unit boundaries require unanimous written approval of all owners and all mortgage holders. Amendme (Article XIX)

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