Heritage at Panola

Key facts from Heritage at Panola's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Heritage at Panola Homeowners Association, Inc. (Section 1.3 (page 659))

Developer / declarant

HERITAGE AT PANOLA SFR OWNER, LLC, a Delaware limited liability company (Preamble (page 658))

Governing law

Georgia Nonprofit Corporation Code (O.C.G.A. §14-3-101 et seq.); expressly not subject to O.C.G.A. §44-3-220 et seq. (Property Owners' Association Act) or §44-3-70 et seq. (Condominium Act) (Top of page 653 and Section 1.4 (page 65)

Assessments & dues

Board prepares annual operating budget and levies general assessments equally on all Units; budget must be delivered to members at least 30 days before due date; becomes effective unless disapproved by majority of Total Association Vote and (Section 4.3(a), 4.4 (page 665-666))

Special assessments

Board may levy special assessment for unbudgeted expenses; if total special assessments per Unit per fiscal year do not exceed general assessment amount, Board can impose without vote; otherwise requires approval of 2/3 Total Association Vo (Section 4.6 (pages 667-668))

Reserves & fees

Board may establish reserve funds as deemed proper (general assessments); also may set reserves for Townhome Units as part of Neighborhood Assessment (Section 4.4 (page 666), Section 4.3(b) ()

Leasing & rentals

Leasing allowed subject to Article 8; tenant must comply with Declaration; Owner must provide notice to Association; Owner remains liable for assessments (Article 8 (pages 40-41, table of content)

Parking & vehicles

Subject to Section 7.4 (Vehicles; Parking) (Section 7.4 (page 30, table of contents))

Fences

Subject to Section 7.15 (Fences) (Section 7.15 (page 35, table of contents)

Signs & flags

Restrictions on signs (subject to Section 7.3) (Section 7.3 (page 30, table of contents))

Use restrictions

Units shall be used for residential purposes only (Section 7.2 (page 29, table of contents;)

Voting & meetings

One vote per Unit; if multiple owners, they decide how to vote; voting rights may be suspended for unpaid assessments or infractions (Section 3.2 (page 664))

Amendments

Declaration may be amended by vote of Owners of two-thirds (2/3) of the Units and Declarant (until Declarant rights terminate); specific provisions may require different majorities (Section 11.6) (Section 11.6 (page 50, table of contents)

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