Patillo Lakes Sd

Key facts from Patillo Lakes Sd's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Patillo Lakes Homeowners Association, Inc. (Article I, Section 1.01)

Developer / declarant

Homeland Communities, Inc., a Georgia corporation (Page 1, first WHEREAS)

Governing law

Georgia Nonprofit Corporation Code (Article I, Section 1.01; Article III, Se)

Assessments & dues

Maximum annual assessment per Lot is $300 (initial); prorated if Commencement Date not Jan 1. (Article IV, Section 4.04(a))

Special assessments

May be levied for capital improvements on Common Property with 2/3 vote of members present in person or by proxy (Article IV, Section 4.05)

Collections & liens

Assessments create a continuing lien on each Lot, superior except for taxes and first mortgages/security deeds. Personal obligation as well. Foreclosure by action at law or power of sale (with waiver of judicial hearing). (Article IV, Section 4.01; Article VIII, )

Reserves & fees

Association may carry forward surplus; not obligated to apply surplus to reduce assessments (Article IV, Section 4.03)

Use restrictions

Lots may be used for single-family residences only; Declarant may operate Sales Office/Model Home on designated Lots (Article VI, Section 6.02)

Voting & meetings

Each Owner entitled to one vote; group/entity must designate individual via proxy (Article III, Section 3.03)

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