Montgomery Place

Key facts from Montgomery Place's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and definition (Article I, Section)

Legal name

Montgomery Place Condominium

Developer / declarant

Coppedge & Robertson, Inc. (Preamble)

Governing law

Georgia Condominium Act, Ga. Laws 1975, No. 463, Pages 609-671 (Ga. Code Ann. §85-160le et seq.) (Article I, Section 1)

Assessments & dues

Set forth in budget delivered to each purchaser; not otherwise specified. (Article V, Section 2(a))

Special assessments

Board may levy special assessments for capital improvements up to $100 per Unit per year without majority approval; above that requires majority vote of Unit Owners. Also special assessments for expenses benefiting less than all Units. (Article V, Sections 2(b), 3)

Collections & liens

Assessment constitutes a lien on the Unit; foreclosure may be instituted if payment not made within 10 days after written notice. Association may bid at foreclosure and acquire, hold, lease, encumber, and convey the Unit. Lien lapses for as (Article V, Sections 1, 5)

Reserves & fees

Board may establish and maintain a reasonable reserve fund for maintenance, repair, replacement of common elements, and operating contingencies. (Article V, Section 2(a)(vii))

Pets

Yes, generally recognized house pets, kept solely as domestic pets and not for commercial purposes. No structures outside Unit boundaries. Pets must be on leash when in common area. (Article VIII, Section 7)

Leasing & rentals

Yes. (Article VIII, Section 12)

Parking & vehicles

Board may prohibit mobile homes, motor homes, truck campers, trailers, boats, motorcycles, motorized bicycles, go-carts, and other such contrivances. (Article VIII, Section 5)

Maintenance

Association maintains, repairs, replaces all common elements; also exterior finish of entry doors. Unit Owner maintains, repairs, replaces all portions of Unit except those maintained by Association, including fixtures, equipment, appliance (Article IV, Sections 1, 2)

Insurance

Association shall maintain public liability and property damage insurance; minimum limits: $500,000 for injury to single person, $1,000,000 per occurrence, $50,000 property damage. (Article VII, Section 1)

Use restrictions

All Condominium Units restricted exclusively to residential use. (Article VIII, Section 2)

Voting & meetings

Each Condominium Unit shall have an equal vote in the Association. (Article II, Section 2)

Amendments

Requires assent of Unit Owners having at least 2/3 of total vote; during declarant control, requires declarant agreement; also requires non-declarant units' votes exclusive of declarant's units. Certain changes require unanimous consent of (Article IX, Section 1)

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