Seven Twelve Oakview

Key facts from Seven Twelve Oakview's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

Thrive Homes, LLC, a Georgia limited liability company (Preamble)

Governing law

Georgia Condominium Act, O.C.G.A. § 44-3-70, et seq. (After definitions: SUBJECT TO THE GEORGI)

Assessments & dues

Board prepares budget, delivers to Members at least 30 days before fiscal year end; budget becomes effective unless disapproved by Majority of Total Association Vote (Art.5.3)

Special assessments

Allowed for unbudgeted expenses; if average total special assessments per Lot per fiscal year exceeds $500, must be approved by Majority of Total Association Vote; during Declarant control also requires Declarant approval (Art.5.4)

Collections & liens

Assessments are a lien on the Lot superior to all except ad valorem taxes and first Mortgage; Association may foreclose after 60 days delinquency; may suspend utilities and services (Art.5.2, Art.5.5, Art.5.6)

Reserves & fees

Board shall annually prepare a capital reserve budget and set required capital reserve contribution; budget distributed with operating budget (Art.5.10)

Pets

Yes, but subject to restrictions (Art.9.10 text not extracted) (Art.9.10)

Leasing & rentals

Yes, governed by Article 10 (details not extracted) (Art.10)

Fences

Addressed in Art.9.16 (text not extracted) (Art.9.16)

Architectural approval

Yes, for all exterior changes, additions, alterations, construction, signs, flags, etc. (Art.8.1, Art.8.2)

Home business

Not explicitly addressed in extracted text

Signs & flags

Require prior ARC approval (Art.8.2)

Use restrictions

Yes (implied by Article 9.2 title 'Residential Use') (Art.9.2)

Voting & meetings

One vote per Lot; if multiple owners, they determine how to vote; if not, vote suspended (Art.3.2)

Amendments

Governed by Article 16.1 (text not extracted) (Art.16.1)

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