North Decatur Courtyards

Key facts from North Decatur Courtyards's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

North Decatur Courtyards Condominium Association, Inc.

Units / lots

21 residential units initially, with option to expand up to 24 additional units (maximum total 45) (Declaration paragraphs 2 and 11(g))

Developer / declarant

North Decatur Courtyards Limited Partnership, a Georgia limited partnership, having as its sole general partner, St. Charles Place, Inc., a Georgia corporation (Declaration, opening paragraph)

Governing law

Georgia Condominium Act, Ga. Laws 1975, page 609, Official Code of Ga. Section 44-3-70 et seq. (Declaration, opening paragraph)

Assessments & dues

Board prepares a budget at least 30 days prior to annual meeting; budget and proposed assessments delivered to members at least 15 days before meeting. Budget and assessments become effective unless disapproved by majority of total membersh (By-Laws Article VII, Section 4)

Special assessments

If assessment inadequate for any year, Board may levy a special assessment approved by affirmative vote of two-thirds of those present at a meeting. (By-Laws Article VII, Section 5)

Collections & liens

Assessments, charges, interest, costs, and reasonable attorney's fees constitute a continuing lien on the unit and are a personal obligation of the owner. Lien is subordinate to a first security deed. Association may collect as provided by (By-Laws Article VII, Section 2; Declarat)

Reserves & fees

Assessment revenues shall be maintained in a fund for operation, including a reserve for maintenance, replacement, and repairs of common areas. Capital budget prepared annually to determine required capital contributions. (By-Laws Article VII, Section 2 (last sen)

Leasing & rentals

Yes, subject to restrictions. Lease must be in writing and must provide that violation of governing documents constitutes a default. (Declaration paragraph 10)

Architectural approval

Any exterior change, alteration, or construction, or erection of any sign, object, light, or thing on the exterior of buildings or common elements requires prior written approval of the Board or its delegate. (By-Laws Article VI, Section 4)

Home business

Prohibited in units except as specifically permitted by Declaration or By-Laws. (Declaration paragraph 1)

Maintenance

Each owner maintains all portions of his/her unit, all glass surfaces, doors, doorways, frames, associated hardware of entry systems, and all exposed exterior elements of the unit. Association maintains all other condominium property, inclu (By-Laws Article VI, Section 5)

Insurance

Deductible per occurrence shall not exceed $1,000.00. (By-Laws Article VI, Section 2(a)(7))

Use restrictions

Units shall be occupied and used only as private residences for the owner, owner's family, tenants, and guests. No business shall be maintained or conducted except as permitted by Declaration or By-Laws (e.g., sales offices, models, leased (Declaration paragraph 1)

Voting & meetings

Each unit is allocated one vote. Votes may be cast by owner, owner's spouse, or lawful proxy. When multiple owners, only one vote per unit. Owners more than 60 days delinquent in payments may not vote. (Declaration paragraph 5; By-Laws Article)

Amendments

Declaration: amended by affirmative vote or written consent of members holding 67% of votes. Notice must state subject. No amendment effective until recorded. If material or changes percentages, requires prior written approval of 67% of ins (Declaration paragraph 12; By-Laws Articl)

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