Park Overlook

Key facts from Park Overlook's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Mandatory membership homeowners association (Second paragraph: 'THIS INSTRUMENT ESTAB)

Legal name

Park Overlook Community Association, Inc., a Georgia nonprofit corporation (Section 1.2)

Developer / declarant

GDCI GA 3, L.P., a Georgia limited partnership (Recital and Section 1.8)

Governing law

Not subject to Georgia Property Owners' Association Act, O.C.G.A. §44-3-220 et seq.; governed by Georgia Nonprofit Corporation Code O.C.G.A. §14-3-101 et seq. (Second paragraph and Section 1.3)

Assessments & dues

Board prepares budget, delivers to members at least 30 days prior to due date. General assessments become effective unless disapproved by majority of Total Association Vote and Declarant. (Section 4.3)

Collections & liens

Unpaid assessments become a continuing lien on the Lot. Recording of Declaration is notice. Association may foreclose, sue, suspend rights. Personal obligation remains. (Sections 4.2, 4.8)

Reserves & fees

General assessments may include establishment of reserve funds as Board deems proper. (Section 4.4)

Leasing & rentals

Lots may be leased for residential purposes only with written lease (Section 7.5)

Parking & vehicles

Park only in garage or designated areas; on-street parking prohibited on Private Drives; garages must be kept closed except during entry/exit (Section 7.4)

Fences

Fence rules (section title). (Section 7.16 (table of contents))

Architectural approval

All exterior construction or alteration must be approved by Declarant initially, then Board (Article 6.1)

Home business

Permitted with conditions: not apparent, no increased traffic, conforms to zoning, etc. (Section 7.2)

Signs & flags

For-sale/for-rent signs allowed up to 18x18 inches; others require approval; fine $150/day for violation (Section 7.3)

Insurance

Association shall obtain insurance on Common Property (Article 8.1)

Use restrictions

Each Lot shall be used for residential purposes only. (Section 7.2)

Voting & meetings

One vote per Lot. Multiple owners determine how vote is exercised. Suspension for unpaid assessments or infractions. (Section 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.