Georgetown Square Townhomes

Key facts from Georgetown Square Townhomes's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

mandatory membership homeowners association (Page 1, italic notice)

Legal name

Georgetown Square Townhome Association, Inc. (Section 1.2)

Developer / declarant

MINERVA GEORGETOWN, LLC, a Georgia limited liability company (Page 5, Recital)

Governing law

Not subject to Georgia Property Owners' Association Act (O.C.G.A. § 44-3-220 et seq.) or Georgia Condominium Act (O.C.G.A. § 44-3-70 et seq.) (First page)

Assessments & dues

Board prepares budget; delivered to members 30 days prior to due date; effective unless disapproved by majority of Total Association Vote and Declarant (Section 4.3, Page 6)

Special assessments

May be levied for unbudgeted or unanticipated expenses; if total special assessments in a fiscal year do not exceed annual general assessment, Board may impose without Owner vote; otherwise requires approval of two-thirds of Total Associati (Section 4.5)

Collections & liens

Unpaid assessments (including late charges, interest, costs, attorneys' fees) constitute a continuing lien on the Unit; recording of Declaration gives record notice; no further claim of lien recordation required; Association may foreclose a (Sections 4.2, 4.8)

Reserves & fees

Board may establish reserve funds as it deems proper (Section 4.4)

Pets

Section 7.5 Animals and Pets listed (text not provided) (Table of Contents, Page 3 (Section 7.5))

Leasing & rentals

Article 8 Restrictions on Leasing listed (text not provided) (Table of Contents, Page 4 (Article 8))

Parking & vehicles

Section 7.4 Vehicles Parking listed (text not provided) (Table of Contents, Page 3 (Section 7.4))

Fences

Party walls and fences: cost of reasonable repair and maintenance shared equally by benefiting Owners (Section 5.5, Page 14)

Architectural approval

Plans deemed approved if Declarant fails to approve or disapprove within 45 days after receipt of all required plans and specifications (Section 6.2, Page 19)

Signs & flags

Section 7.3 Signs listed in table of contents (text not provided) (Table of Contents, Page 3 (Section 7.3))

Maintenance

Owner responsible for roof decking, shingles, gutters; Association inspects roofs and gutters annually (Section 5.1, Page 11; Section 5.2(a)(b),)

Use restrictions

Article 7 includes 'Residential Use' heading (text not provided in extract) (Table of Contents, Page 3 (Section 7.2))

Voting & meetings

One vote per Unit owned; if multiple owners, they determine how vote is cast; voting rights may be suspended by Board for unpaid assessments or infraction of Declaration/Bylaws/Rules/Architectural Guidelines (Section 3.2)

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