Hermance Townhomes

Key facts from Hermance Townhomes's documents

Community type

Townhome community (attached dwellings via party walls) with mandatory membership homeowners association (Section 1.18 (definition of Unit) and in)

Developer / declarant

HERMANCE TOWNHOMES, LLC, a Georgia limited liability company (Opening paragraph 'by HERMANCE TOWNHOMES)

Governing law

Not subject to Georgia Property Owners' Association Act (O.C.G.A. §44-3-220 et seq.); governance under Georgia Nonprofit Corporation Code for board authority (First page after title: 'BUT DOES NOT SU)

Special assessments

May be levied by Board for unbudgeted expenses without Owner vote if total special assessment per Unit in a fiscal year does not exceed annual general assessment. If it would exceed, requires approval of two-thirds of Total Association Vote (Section 4.5)

Collections & liens

All assessments, late charges, interest, and collection costs (including reasonable attorney's fees) are a continuing lien on the Unit from the time due. Recording of Declaration constitutes record notice; no further filing required. Associ (Sections 4.2, 4.8)

Reserves & fees

Board may establish reserve funds for betterment as deemed proper (part of general assessment use). (Section 4.4)

Pets

Animals and pets are allowed subject to rules (reference to Section 7.5). (Article 7, Section 7.5 (referenced in ta)

Leasing & rentals

Leasing is permitted subject to Article 8 restrictions. Leasing permit required, hardship leasing provision exists, and mortgagee exemption applies. (Article 8 (Sections 8.1 through 8.5))

Fences

Fences subject to restrictions (reference to Section 7.10). (Article 7, Section 7.10 (referenced in t)

Signs & flags

Flags allowed subject to conditions (reference to Section 7.14). (Article 7, Section 7.14 (referenced in t)

Voting & meetings

One vote per Unit. When multiple owners, vote exercised as they determine. Voting rights may be suspended by Board for unpaid assessments or infraction of Declaration, Bylaws, rules, or Architectural Guidelines. (Section 3.2)

Amendments

Declaration may be amended (Section 11.6) but not specified in excerpt; however Article 6 cannot be amended without Declarant's written consent until Declarant's rights terminate under Section 11.5. (Sections 6.1, 11.5, 11.6)

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