Chestnut Creek Condominium

Key facts from Chestnut Creek Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1)

Developer / declarant

Lamplight Holdings, LLC, a Georgia limited liability company (Preamble)

Governing law

Georgia Condominium Act, O.C.G.A. § 44-3-70, et seq., as amended (Section 1, Section 2(a))

Assessments & dues

Not fixed; set by Board in annual budget (Section 10(d))

Special assessments

Board may levy special assessments; if average total exceeds $200 per Unit per fiscal year, requires Majority approval (Section 10(e))

Collections & liens

Assessments are a continuing lien on the Unit and personal obligation; Association may suspend utilities after judgment(s) totaling more than $750 (Section 10(b), 10(c)(v))

Reserves & fees

Board shall annually prepare a capital reserve budget and set required contribution (Section 10(f))

Pets

yes, limited (Paragraph 14(h))

Parking & vehicles

At least one assigned parking space per Unit as Limited Common Element (Paragraph 14(i))

Architectural approval

Yes, for exterior changes, alterations, construction, and certain interior modifications affecting common elements or structure (Section 13)

Home business

Ancillary business activities permitted if not detectable, legal, no increase in traffic or insurance, etc. (Section 14(a) (i)-(vii))

Maintenance

Association (Common Elements include roofs) (Paragraph 5)

Insurance

Reasonable deductible may be applied; cost is a maintenance expense apportioned equitably by Board (Section 11(i))

Use restrictions

Each Unit shall be used for residential purposes only (Section 14(a))

Voting & meetings

Each Unit is entitled to one equally weighted vote (Section 7: "one (1) equally weighted vot)

Amendments

Consent of all Owners and Mortgagees required for alteration of common element percentages; Board may assign/reassign Limited Common Elements by amendment (Section 5, 6(b))

Amenities

Fitness facility, limited access gated entry system, dumpster, mail area (Section 5)

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