Lantern Walk HOA

Key facts from Lantern Walk HOA's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Bylaws Article I Section 1: Lantern Walk)

Units / lots

Actual number shown on Plats; two neighborhoods: Single Family (Lots 21-129) and Townhome (Lots 1-20 and 130-164) (Bylaws Article I Section 3 (Membership);)

Developer / declarant

Lantern Walk, LLC, a Georgia Limited Liability Company (Declaration opening paragraph and Articl)

Governing law

Georgia Nonprofit Corporation Code (O.C.G.A. §14-3-302 referenced) (Bylaws Article I Section 1 and Article I)

Assessments & dues

Board of Directors prepares and adopts annual budget, establishes contribution of each Owner to Common Expenses. (Bylaws Article III C Section 1(a)-(b))

Special assessments

Board may levy special assessment without vote of Members for insurance shortfall from damage/destruction (Declaration Article III Section 5). Also general special assessments per Declaration Art VI Sec 4. (Declaration Article III Section 5; Decla)

Collections & liens

Unpaid assessments create a lien on the Lot. Association may foreclose. Fines also become a lien if not paid by occupant after notice to Owner. (Declaration Article VI Section 1; Bylaws)

Reserves & fees

Not explicitly mentioned (only capital improvements account for insurance proceeds). (Declaration Article III Section 5)

Pets

Yes, but subject to restrictions (animals). (Declaration Article VIII Section 3 (Anim)

Leasing & rentals

Yes, but subject restrictions (Declaration Article VIII Section 7). Leasing is permitted. (Declaration Article VIII Section 7 (Leas)

Parking & vehicles

Not explicitly addressed.

Fences

Subject to ACC approval. (Declaration Article VII)

Architectural approval

Yes, Architectural Control Committee (ACC) must approve exterior structures/improvements. (Declaration Article VII; Bylaws Article )

Home business

Not explicitly mentioned.

Signs & flags

Signs are restricted; subject to Architectural Control and Declaration Article VIII Section 10. (Declaration Article VIII Section 10 (Sig)

Maintenance

Not explicitly allocated; likely per Declaration Article IX.

Insurance

Association must maintain insurance on Common Areas and townhomes (Declaration Article X Sections 1-2). (Declaration Article X Sections 1-2)

Use restrictions

Yes. Lots for residential use only, single family. (Declaration Article VIII Section 1: 'Res)

Voting & meetings

One vote per Lot. Owner, spouse, cohabitant, or proxy may vote. Owner must be current on assessments (>30 days delinquent loses vote). No cumulative voting for directors. (Bylaws Article I Section 5; Article III )

Amendments

Bylaws: Two-thirds (2/3) of total vote, plus Declarant written consent during Development Period. Declaration: See Article XII (not fully provided). (Bylaws Article VI Section 8; Declaration)

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