Hamrick Lake Cambridge

Key facts from Hamrick Lake Cambridge's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Hamrick Lake

Developer / declarant

Cambridge Home Builders, Inc., a Georgia Corporation (Opening recital (page 6) and Section 1.5)

Governing law

Georgia Nonprofit Corporation Code, O.C.G.A. § 14-3-101 et seq.; expressly not submitted to the Georgia Property Owner's Association Act, O.C.G.A. § 44-3-220 et seq. (Opening recital (page 1), Section 1.2)

Assessments & dues

Board prepares budget and general assessments; budget delivered at least 30 days before due date; effective unless disapproved by majority of total association vote and Declarant; if no budget, previous continues (Section 4.3 (page 9))

Special assessments

May be levied if approved by two-thirds of total association vote and Declarant; payment terms set by Board (Section 4.4 (page 10))

Collections & liens

Continuing lien on Lot for unpaid assessments; personal obligation of Owner; subordinated to first mortgages if assessments up to date; Association may foreclose after 60 days delinquency; may also suspend membership rights (Sections 4.2, 4.6, 4.7)

Reserves & fees

Initiation fee fund for unforeseen expenditures or equipment; general assessments may include reserve funds as Board deems proper (Sections 4.11, 4.3)

Pets

Yes, dogs, cats, and other usual household pets in reasonable number as determined by Board (Section 7.5 (page 16))

Leasing & rentals

Yes, leasing of a Lot for residential occupancy is not considered a business (Section 7.2 (page 15))

Parking & vehicles

Prohibited unless special event and approval obtained from Board (Section 7.4)

Architectural approval

Yes, for any exterior construction, alteration, addition, or erection except that installed by Declarant or expressly permitted (Section 6.1 (page 13-14))

Home business

Allowed if conducted within house, not detectable from exterior, does not increase traffic or parking congestion, conforms to zoning, does not affect insurance, consistent with residential character, not a nuisance or hazard, and does not t (Section 7.2 (page 15))

Maintenance

Owner responsible for maintenance of Lot and all structures, landscaping, improvements; Association responsible for Common Property, entry features, originally installed landscaping, storm water facilities; if damage caused by Owner's willf (Sections 5.1, 5.2 (page 12-13))

Insurance

Association shall obtain casualty insurance for all insurable improvements on Common Property (fire and extended coverage, full replacement cost), public liability policy with $1,000,000 combined single limit, worker's compensation if requi (Section 8.1 (page 19-20))

Use restrictions

Each Lot shall be used for residential purposes exclusively (Section 7.2 (page 15))

Voting & meetings

One vote per Lot; when more than one owner, they determine how vote is cast; vote suspended if multiple persons attempt to exercise it (Article 3 (page 8-9))

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