Courtfield Condominum Association

Key facts from Courtfield Condominum Association's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 1: 'the condominium is a residen)

Legal name

Courtfield Condominium Association, Inc. (Article 2.3, Page 8)

Developer / declarant

Exposition Properties, Inc. (original); Courtfield Condominium Association, Inc. (current declarant adopting this amendment) (WHEREAS clauses: 'Exposition Properties,)

Governing law

Georgia Condominium Act, O.C.G.A. Section 44-3-70, et seq. (Page 2 (background) and Article 1)

Assessments & dues

Set by Board; no fixed amount (Article 8.3, Page 14)

Special assessments

Board may levy special assessment against all owners. If average total of special assessments in one fiscal year exceeds $200 per unit, must be approved by Majority. Exception for Section 8.5 and Section 11.5 (repair/reconstruction). (Section 8.4)

Collections & liens

All sums lawfully assessed constitute a personal obligation and a lien on the Unit, superior to all other liens except ad valorem taxes, first priority mortgage, lessor's lien, and secondary purchase money mortgage. Lien may be foreclosed a (Section 8.2)

Reserves & fees

Budget may include funding of a capital repair and/or replacement reserve for replacement of improvements to Common Elements and Limited Common Elements that Association must maintain. (Section 8.3)

Pets

Allowed subject to rules (Article 13.10 Animals) (Table of Contents, Page 4; Article 13.10)

Leasing & rentals

Leasing for residential occupancy permitted; not considered business (Article 13.5, Page 28)

Parking & vehicles

Parking spaces assigned as Limited Common Elements (Exhibit C); no obstruction of Common Elements (Article 6.1(ii), Page 11; Article 13.3, )

Fences

Not explicitly mentioned; likely subject to architectural approval (Article 12.2)

Architectural approval

Yes, no exterior change, alteration, or construction in or to a Unit may be made without prior written approval of the Board. (Section 12.2)

Home business

Permitted if not apparent from exterior, does not increase traffic, conforms to zoning, etc., subject to Board discretion (Article 13.5, Page 28)

Maintenance

Partial: Association is responsible for Common Elements and Limited Common Elements except as specifically provided. Owner responsible for Unit interior and for items excluded from master policy. Specific maintenance responsibilities detail (Article 10 (deductible responsibility); )

Insurance

Deductible per occurrence for required coverage shall not exceed $2,500.00 per Unit or as required by Act. Deductible is a maintenance expense paid by the person responsible for loss; can be apportioned by Board among affected owners. (Article 10 intro: 'deductible amount per)

Use restrictions

Yes, the condominium is described as 'residential condominium' in Article 1. (Article 1: 'which condominium is a resid)

Voting & meetings

Each Unit has one vote. More than one owner of a unit must agree on how to cast the vote. Voting rights may be suspended for nonpayment or infraction. (Section 7.2)

Amendments

Original Declaration could be amended by owners of two-thirds (2/3) of the votes (background from WHEREAS). This Amended Declaration was adopted by owners holding at least two-thirds. Amendment of By-laws requires affirmative vote of member (WHEREAS: 'amended by the agreement of ow)

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