Flats at New Talley Station

Key facts from Flats at New Talley Station's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium

Legal name

Flats at New Talley Station Condominium Association, Inc., a Georgia nonprofit corporation (Article 2.4: "Association means Flats at)

Developer / declarant

TOLL SOUTHEAST LP COMPANY, INC., a Delaware corporation (Opening paragraph of Declaration; Articl)

Governing law

Georgia Condominium Act, O.C.G.A. Section 44-3-70, et seq. (Article 2.1; also WHEREAS clauses)

Assessments & dues

Board prepares annual budget including capital reserve; assessments set accordingly; budget delivered to members at least 30 days prior; becomes effective unless disapproved by majority of Total Association Vote; increase exceeding CPI may (Article 7.7: "It shall be the duty of th)

Special assessments

Board may levy special assessments; any special assessment per Unit in excess of 1/6 of annual general assessment per fiscal year must be approved by majority of Owners (Article 7.4: "The Board may, at any time)

Collections & liens

All assessments, late charges, interest, costs of collection, reasonable attorneys' fees, and fair rental value (if Board elects) are a charge on the Unit and a continuing lien; lien may be foreclosed after notice sent by certified mail at (Article 7.2: "shall be a charge on the U)

Reserves & fees

Budget shall include funding of a capital repair and replacement reserve for the replacement of improvements to the Common Elements and Limited Common Elements that the Association is obligated to maintain (Article 7.7: "which shall include fundin)

Architectural approval

Yes, architectural standards and approval required (10.1)

Maintenance

Association maintains (roof is Common Element per 4.6) (4.6, 12.2)

Insurance

Reasonable deductible; per Owner not exceed $5,000 per casualty (8.4)

Use restrictions

Units are described as residential dwellings (Article 4.1: "Each Unit consists of a re)

Voting & meetings

Each Owner entitled to one (1) equal vote per Unit; votes may be suspended for nonpayment or infractions; Declarant votes not restricted (Article 5.1: "Each Owner shall be entitl)

Amendments

Not included in provided text; reference in Table of Contents to Article 17.1 (Table of Contents lists Article 17.1 Ame)

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