Innsbruck Property Owners Association

Key facts from Innsbruck Property Owners Association's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community / HOA (Innsbruck Property Owners Association) (Article I, Section 2; Preamble)

Developer / declarant

Innsbruck, Ltd., a Georgia corporation, together with its successors-in-title (Opening paragraph (WITNESSETH))

Governing law

Georgia Nonprofit Corporation Act (and Georgia Condominium Act referenced for condominium units) (Article I, Section 3 (Board definition);)

Assessments & dues

Set annually by Board based on budget; no fixed dollar amount given (Article VII, Section 4(a))

Special assessments

Board may levy special assessment by majority vote; while Declarant owns a Lot, Declarant’s consent required (Article VII, Section 5)

Collections & liens

Assessments, together with interest, costs, late fees, and reasonable attorney’s fees, constitute a continuing lien on the Lot; can be foreclosed; first mortgagee acquiring title through foreclosure is not liable for prior unpaid assessment (Article VII, Section 3)

Reserves & fees

Reasonable reserves included in Common Expenses (Article I, Section 7 (Definition of Comm)

Pets

Yes – regulated by Article XI, Section 7 (specific rules not detailed in excerpt) (Article XI, Section 7)

Leasing & rentals

Allowed, but material amendments regarding leasing of Residential Units require mortgagee consent; no specific restrictions stated (Article IX, Section 3(b)(ix) (leasing as)

Fences

Fences, hedges, walls not allowed on Common Area except as installed by Declarant or Builder/Owner or approved by Board (Article II, Section 4)

Architectural approval

Yes – all original construction requires New Construction Review Board (NCRB) approval; all modifications, additions, or alterations require Modifications Committee (MC) approval (Article VIII, Section 1; Section 2)

Signs & flags

Regulated – Article XI, Section 3 titled 'Signs and Billboards' (specific text not fully provided) (Article XI, Section 3)

Maintenance

Association maintains Common Area; Owner maintains Lot and Residential Unit (including interior and exterior). If Owner fails, Association may perform work and charge as assessment. (Article IV, Section B1 and B2(c))

Insurance

Deductible allowed; amount added to face amount for replacement cost determination (Article IV, Section C1)

Use restrictions

Prohibited – Article XI, Section 1 titled 'Annoyance or Nuisances' (specific text not fully provided but clearly restricts nuisances) (Article XI, Section 1)

Voting & meetings

Three classes: Class A (each Lot owner gets one vote per Lot); Class B (Declarant gets three times total Class A + C votes until termination); Class C (Commercial Space owners – voting rights as per Supplemental Declaration) (Article III, Section 3)

Amendments

Requires affirmative vote of 2/3 of total voting power (including Class A and C) plus consent of Class B member; must be recorded. Declarant may unilaterally amend to conform to FNMA/FHLMC guidelines. Certain amendments require mortgagee co (Article X, Section 2; Article IX, Sectio)

Amenities

Swimming pools, tennis courts, golf course/clubhouse (Innsbruck Golf and Country Club – separately owned), and other Common Area improvements (Article IV, Section B1; Article III, Sec)

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