Adcox Square Townhomes

Key facts from Adcox Square Townhomes's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

Bowen Family Homes, Inc., a Georgia corporation (Introduction (page 1 of Declaration, Dee)

Governing law

Not a condominium under Georgia Condominium Act (O.C.G.A. § 44-3-70 et seq.) and not submitted to Georgia Property Owners Association Act (O.C.G.A. § 44-3-220 et seq.) (Article I, Deed Book 14852 Pg 170)

Special assessments

Allowed for non-routine or unanticipated expenses; allocated equally among all Units; subject to same veto as budget (75% Class A vote) (Article VIII, Section 8.2(b), Deed Book )

Collections & liens

Assessment (including late charges, interest, etc.) constitutes a lien on the Unit which may be foreclosed in same manner as a Mortgage under Georgia law (Article VIII, Section 8.5, Deed Book 148)

Reserves & fees

Annual contribution required for assets with useful life of 3 years or more; amount based on Board's reasonable estimate (Article VIII, Section 8.1, Deed Book 148)

Architectural approval

Yes, for any exterior alteration, construction, or landscaping except interior work not visible, repairs in accordance with original plans, Declarant activities, and Association activities during developer control (Article IV, Sections 4.1 and 4.2, Deed B)

Maintenance

Owner maintains Unit exterior (roof, windows, doors, etc.), utility lines serving only the Unit, foundation, driveway, sidewalk, porch/patio. Association maintains Common Area including parking, entry features, detention pond (functional on (Article III, Section 3.1 and Article VII)

Insurance

Each Owner must maintain property insurance on Unit for full replacement cost, and liability insurance for consequential damages, unless Association assumes blanket coverage. Owner must provide certificate upon request. (Article III, Section 3.2(a), Deed Book 1)

Use restrictions

Community is restricted to residential use; Association may prohibit activities not normally associated with residential use (Article V, Section 5.4(b)(ii), Deed Book)

Voting & meetings

Class A: one vote per Unit (owners); Class B: Declarant – consent/approval required for certain actions, appoints board during Developer Control Period (Article VI, Sections 6.1 and 6.2, Deed B)

Amendments

Amendments require written instrument executed by Association, recorded, and approved by Owners of at least 67% of total Class A votes (unless higher percentage required elsewhere) (Article XX, Section 20.2 (approximate), )

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