Village Stacks

Key facts from Village Stacks's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community of attached townhomes, governed by a homeowners association; explicitly not a condominium regime under Georgia Condominium Act and not subject to Georgia Property Owners' Association Act (Recitals and Definitions (Article 1))

Governing law

Not subject to Georgia Condominium Act or Georgia Property Owners' Association Act; governed by Georgia nonprofit corporation law (Articles of Incorporation referenced) (Statements after Definitions and Article)

Assessments & dues

Not fixed in declaration; determined annually by Board budget (Article 5.3)

Collections & liens

All unpaid assessments, late charges, interest, and costs become a lien on the Lot, superior to all other liens except ad valorem taxes and first mortgage; Association may foreclose like a lien for improvement of real property; may bid at s (Article 5.2, 5.5, 5.6)

Reserves & fees

Board must annually prepare a capital reserve budget for replaceable assets and set required contribution; budget distributed to members (Article 5.10)

Pets

Referenced in heading of Article 9.10; text not provided. Implicitly allowed but regulations unknown. (Article 9.10)

Leasing & rentals

Referenced in Article 10 heading; text not provided. Assumed allowed with restrictions. (Article 10)

Fences

Not specifically addressed; any fence would require ARC approval as 'exterior construction' (Article 8.2 (general requirement))

Architectural approval

Yes, for any exterior change, addition, alteration, or construction on Lot or Common Property encroachment; also for interior alterations affecting structural integrity or common utilities (Article 8.1 (during Declarant control), )

Signs & flags

Any sign must have prior written approval of ARC (or Declarant during control); limited exception? Not specified. (Article 8.1 and 8.2)

Maintenance

Association responsible for Common Property and Area of Common Responsibility; Owner responsible for Lot and improvements (Article 12 headings); specific details not provided (Article 12.1, 12.2)

Insurance

Reasonable deductible allowed; deductible not subtracted from face amount for replacement cost; deductible considered maintenance expense paid by responsible party (Article 6.3, 6.6)

Use restrictions

Yes; each Lot shall be used for residential purposes only; no trade or business conducted, with specific exceptions for home-based businesses that are not apparent, do not increase traffic, etc. (Article 9.2)

Voting & meetings

One vote per Lot owned; if multiple owners, they determine how vote is cast; otherwise vote suspended (Article 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.