Redan Square Condominium

Key facts from Redan Square Condominium's documents

Community type

condominium (Paragraph 1 - Name: Redan Square Condomi)

Developer / declarant

Dozier Communities, LLC (Opening paragraph before WITNESSETH)

Governing law

Georgia Condominium Act, O.C.G.A. § 44-3-70 et seq. (Paragraph 1 and Paragraph 2(a))

Assessments & dues

Set by Board based on annual budget; specific amount not stated (Paragraph 10(d))

Special assessments

Board may levy special assessment; if average total special assessments per Unit exceed $200 per fiscal year, must be approved by Majority of Total Association Vote (Paragraph 10(e))

Collections & liens

Assessments are a continuing lien on the Unit; Association may foreclose in accordance with Act (Paragraph 10(b) and (c)(iv)-(v))

Reserves & fees

Board must annually prepare capital reserve budget and set required capital reserve contribution included in budget (Paragraph 10(f))

Architectural approval

Yes, prior written approval required for exterior changes, alterations, construction, painting, landscaping, and placement of objects on Common Elements, Limited Common Elements, or Unit exteriors (Paragraph 13(a) and (b))

Home business

Ancillary business activities allowed if not apparent, no increase in traffic, consistent with residential character, etc. (seven conditions) (Paragraph 14(a)(i)-(vii))

Signs & flags

Flags require approval under architectural controls (Paragraph 13(b) - list includes flags)

Insurance

Reasonable deductible allowed; considered maintenance expense. No Owner assigned more than $2,500 per occurrence for insurance required under Act (Paragraph 11(i))

Use restrictions

Yes, each Unit shall be used for residential purposes only (Paragraph 14(a))

Voting & meetings

Each Unit entitled to one equally weighted vote (Paragraph 7)

Amendments

Specific provisions in Paragraph 23 (not provided in text). However, expansion may be amended by Declarant without Owner approval (Paragraph 5). (Paragraph 5 (last sentence) and Table of)

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