Monet Garden Estates

Key facts from Monet Garden Estates's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (not a condominium, not submitted to Georgia Property Owners' Association Act) (Preamble: 'This document does not and is)

Legal name

Monet Gardens Estates Homeowners Association, Inc. (Section 1.3: '"Association": Monet Garde)

Developer / declarant

D. R. Horton, Inc., a Delaware corporation (Preamble: 'by D. R. Horton, Inc., a Dela)

Governing law

Georgia Nonprofit Corporation Code (O.C.G.A. Section 14-3-101 et seq.) (Section 3.1: 'including, without limitat)

Assessments & dues

Board prepares annual budget, General Assessment is uniform for all Units. Budget becomes effective unless disapproved by 67% of total vote and Declarant. (Section 8.3: 'the Board shall prepare a )

Special assessments

Allowed to cover unbudgeted or unanticipated expenses. If Special Assessment exceeds General Assessment amount per Unit in a fiscal year, requires majority vote of total votes and Declarant's written consent. (Section 8.5: 'the Association may levy S)

Collections & liens

Association has lien for delinquent assessments, interest, late charges, costs, attorneys' fees. Lien superior except taxes and first Mortgage. Enforceable by foreclosure like mortgages. (Section 8.7: 'The Association shall have)

Reserves & fees

Board may prepare a reserve budget and include capital contribution in annual budget; no obligation to establish reserves. (Section 8.4(a): 'The Board may prepare a)

Architectural approval

Yes, for all improvements or changes requiring approval under Article IX (Architectural Standards) (Section 9.2: 'Architectural Review' and )

Maintenance

Association maintains Area of Common Responsibility (Common Area, perimeter fencing, drainage ponds, entry features, mailboxes, certain lighting). Owner maintains Unit including dwelling, landscaping, fencing, driveways, utilities exclusive (Section 5.1(a): list of Association resp)

Insurance

Deductible treated as Common Expense unless loss caused by Owner's negligence or willful misconduct, then Specific Assessment against that Owner. (Section 6.1(b): 'The policies may contai)

Use restrictions

Yes, each Unit intended for development, use, and occupancy as a residence for a single family (Section 1.23: 'a Unit: A portion of the )

Voting & meetings

Two classes: Class A (all Owners except Declarant) have one vote per Unit; Class B (Declarant) has one vote per Unit owned. Voting rights can be suspended for nonpayment or infractions. (Section 3.3(a): 'Class A Members shall h)

Amendments

Not fully detailed in provided text; Section 15.2 mentions amendment but specifics not included. (Section 15.2: 'Amendment' (no further te)

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