Signal Point Homeowners Association

Key facts from Signal Point Homeowners Association's documents

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

Community type

residential property owners development (Section 1 NAME: 'a residential property )

Developer / declarant

Signal Point Homeowners Association, Inc. (as declarant through its officers) and Lot Owners executing or consenting (Preamble 'WHEREAS, the undersigned offic)

Governing law

Georgia Property Owners' Association Act, O.C.G.A. Section 44-3-220, et seq. (Section 1 NAME; Section 2(a) Act definit)

Assessments & dues

Initial: $45 plus $250 Recreational Use Component = $295 (Section 7(c) Annual Assessment; Computat)

Special assessments

Allowed for any purpose; requires approval by at least 2/3 of eligible Members present or proxy at duly called meeting (Section 7(e) Special Assessments)

Collections & liens

Assessments (including fines) are a continuing lien on the Lot; also personal obligation; lien priority as per Act; foreclosure of first mortgage extinguishes pre-foreclosure assessment lien (Section 7(b) Creation of Lien and Person)

Reserves & fees

Board may establish annual reserve or capital contribution (Section 7(f) Capital Budget and Reserve )

Pets

Yes, reasonable number of generally recognized household pets (Section 9(g) Pets)

Leasing & rentals

Yes, subject to restrictions (Section 9(b)(i) and (ii))

Parking & vehicles

Prohibited except temporary visitor parking (Section 9(h) Parking)

Fences

Requires ACC approval; finished side faces neighbor; not closer to street than front edge of house; corner lots case-by-case; must submit picture/drawing, dimensions, site plan, adjacent fences info (Section 9(m)(xvi) Fences)

Architectural approval

Yes, for any substantial exterior change, construction, painting, re-grading, significant landscaping; also specific items (fences, sheds, etc.) (Section 9(m) Architectural Standards and)

Home business

Limited: not apparent from exterior; no frequent visitors; conforms to zoning; no increase in traffic/parking (Section 9(a) Residential Use)

Signs & flags

Generally prohibited without Board consent; exceptions: two 6”x6” security signs; one 2’x2’ For Sale/For Rent sign; contractor sign limited to construction plus 1 week; Board may adopt temporary event signs (Section 9(j) Signs)

Setbacks / home size

Referenced: R-30 setbacks per Cobb County for sheds; fences not closer than front edge of house; no specific lot setbacks defined (Section 9(m)(ix) Outbuildings; Section 9)

Maintenance

Member responsibility (as part of Lot and dwelling maintenance) (Section 8(b) Member's Responsibility)

Insurance

Reasonable deductible permitted; amount not subtracted from face amount for replacement cost determination (Section 11(c))

Use restrictions

Yes; each Lot for residential purposes only (Section 9(a) Residential Use)

Voting & meetings

One vote per lot; multiple owners determine vote among themselves; otherwise vote suspended (Section 5(b) Voting)

Amendments

Amendments require affirmative vote or written consent of two-thirds of total votes; notice of meeting must state subject matter; certified by President and Secretary; recorded in Cobb County; challenge period one year (Section 15 Amendments)

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