Clairemont Condominium Association (GA)

Key facts from Clairemont Condominium Association (GA)'s documents

Community type

Condominium (Section 1: name is The Clairemont Condom)

Legal name

The Clairemont Condominium Association, Inc. (Article 2(e))

Developer / declarant

Clairemont Partners, LLLP (Opening)

Governing law

Georgia Condominium Act, O.C.G.A. §44-3-70 et seq. (WHEREAS paragraph; Section 2(a) definiti)

Assessments & dues

Board prepares budget, delivers to members at least 21 days prior to annual meeting; if increase exceeds inflation rate, requires majority approval; otherwise effective unless disapproved by majority vote at annual meeting (Section 10(d): 'duty of the Board ... pr)

Special assessments

Board may levy special assessment; if average total of special assessments per fiscal year exceeds $200 per Unit, requires majority vote of total Association membership (Section 10(e): 'Special Assessments ... )

Collections & liens

Assessments are a continuing lien on the Unit and personal obligation of Owner; after 30 days delinquency, Association may suspend utility service only after final judgment over $750 and compliance with Act (Section 10(b) and (c)(v): 'All such asse)

Reserves & fees

After Declarant control period, Board must annually prepare a capital reserve budget and set required contribution (Section 10(f): 'Board of Directors shall)

Leasing & rentals

Not explicitly stated in provided text (leasing section not fully extracted); assumed allowed (Table of contents lists Leasing at page )

Architectural approval

All exterior changes, alterations, construction, encroachments onto Common Elements or Limited Common Elements require prior written approval of Declarant (during control) or Architectural Control Committee (after control) (Section 13(a) and (b): 'must receive the)

Home business

Allowed if not detectable from outside, limited visitation, legal, no excess traffic, no insurance impact, consistent with residential character, no materially greater use of common elements (Section 14(a)(i)-(vii))

Insurance

Deductible per occurrence shall not exceed $10,000.00 (Section 11(a)(vi): 'deductible amount pe)

Use restrictions

Each Unit shall be used for residential purposes only; no trade or business except ancillary business activities meeting specific conditions (Section 14(a): 'Each Unit shall be used )

Voting & meetings

One equally weighted vote per Unit (Section 7: 'entitled to one (1) equally )

Amendments

Table of contents lists Section 25 AMENDMENTS, but text not included; general reference to consent of all Owners and Mortgagees for altering undivided interest percentages (Section 5) (Table of contents; Section 5: 'such perc)

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