Lake Claire Lofts

Key facts from Lake Claire Lofts's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Paragraph 1)

Developer / declarant

Janice Clausen and Alan Robbins (Preamble (WITNESETH paragraph))

Governing law

Georgia Condominium Act, O.C.G.A. §44-3-70, et seq. (1991 and Supp. 2000) (Paragraph 1; Paragraph 2(a))

Assessments & dues

Not fixed; determined annually by Board (Paragraph 10(d))

Special assessments

Board may levy special assessments; if average per Unit exceeds $200 in a fiscal year, must be approved by majority of total Association vote (Paragraph 10(e))

Collections & liens

Assessments are a continuing lien on the Unit; personal obligation of Owner; Association may institute suit and suspend rights (Paragraph 10(b), (c)(iv))

Reserves & fees

Board may annually prepare capital reserve budget and set required contribution; surplus funds may be added to capital reserve account (Paragraph 10(f), (h))

Pets

Yes, generally recognized household pets (Paragraph 14(h))

Fences

Not specifically addressed; fences are part of Common Elements (Paragraph 5) but no separate rule

Architectural approval

Yes, for exterior changes, encroachments, alterations, etc. (Paragraph 13(a), (b))

Home business

Ancillary business allowed if not apparent, legal, does not increase traffic or insurance, consistent with residential character, etc. (Paragraph 14(a)(i)-(vii))

Signs & flags

Generally require prior written approval; small religious symbol (mezuzah) allowed on door frame (Paragraph 13(a), (b))

Maintenance

Roof is part of Common Elements (Paragraph 5); Association responsible for maintenance/repair (Paragraph 5)

Insurance

Not to exceed $1,000.00 per occurrence for coverage required by Act (Paragraph 11(a)(vii))

Use restrictions

Yes; no trade or business conducted in a Unit, except ancillary business activities meeting specific conditions (Paragraph 14(a))

Voting & meetings

One equally weighted vote per Unit (Paragraph 7)

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