Madison Community Assn

Key facts from Madison Community Assn's documents

Community type

Covenant / Planned Community

Legal name

Madison Community Assn

Developer / declarant

ASHTON ATLANTA RESIDENTIAL, L.L.C. (Preamble)

Governing law

Georgia Nonprofit Corporation Code, O.C.G.A. § 14-3-101 et seq. (Section 1.3)

Assessments & dues

Not fixed; set by Board budget subject to disapproval by majority of Total Association Vote and Declarant. (Section 4.3)

Special assessments

Requires approval of two-thirds (2/3) of Total Association Vote and Declarant. (Section 4.4)

Collections & liens

Unpaid assessments become a lien; Association may foreclose. Subordinate to first mortgages if assessments current at mortgage recording. (Sections 4.2, 4.6)

Reserves & fees

Amount determined by Board if delinquent more than 10 days. (Section 4.7)

Pets

Only dogs, cats, or usual household pets in reasonable number as determined by Board. (Section 7.6)

Leasing & rentals

Lots may be leased for residential purposes. (Section 7.5)

Parking & vehicles

Vehicles only in designated parking spaces; no on-street parking except special events; garage doors kept closed except for ingress/egress. (Section 7.4)

Architectural approval

All exterior construction, alteration or addition must be approved by Declarant (or later ARC). (Section 6.1)

Home business

Permitted if not detectable from exterior, does not increase traffic, conforms to zoning, etc., as determined by Board. (Section 7.2)

Use restrictions

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

Amendments

Bylaws may be amended by Board with Declarant consent for compliance or by 2/3 Total Association Vote and Declarant consent; Declaration amendment not specified in text. (Bylaws Section 6.4)

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