Villa Sonoma at Perimeter Summit

Key facts from Villa Sonoma at Perimeter Summit's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Name, Paragraph 1)

Units / lots

323 (321 residential + at least 2 commercial) (Paragraph 4)

Developer / declarant

Villa Sonoma, LLC (Preamble)

Governing law

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

Assessments & dues

Set by Board; no fixed amount stated (Paragraph 10(d))

Special assessments

Board may levy; if average > $200 per unit in a fiscal year, requires Majority approval (Paragraph 10(f))

Collections & liens

Assessment constitutes a continuing lien on the Unit; personal obligation; priority as provided in Act (Paragraph 10(b))

Reserves & fees

Capital reserve budget required annually; Board sets contribution (Paragraph 10(g))

Parking & vehicles

Parking spaces assigned as Limited Common Elements; no obstruction of Common Elements; Board regulates (Paragraph 14(d) and 6(a)(v))

Architectural approval

45 days from Notice of Application Completion; if not approved/disapproved, approval deemed granted (Paragraph 13(d))

Home business

Ancillary business allowed if not apparent, no excessive traffic, legal, consistent with residential character (Paragraph 14(a)(i)(A)-(G))

Signs & flags

Prohibited without ACC approval; except religious symbol (mezuzah) up to 3x9 inches (Paragraph 13(a)-(b))

Insurance

Owner must obtain insurance for portions of Unit not covered by master policy (Paragraph 11(h))

Use restrictions

Yes, with home business allowed under conditions (Paragraph 14(a)(i))

Voting & meetings

One vote per Unit weighted by percentage interest in Common Elements (Exhibit B) (Paragraph 7)

Amendments

Amendments to Declaration must be recorded; consent of Owners and Mortgagees as per Act (Paragraph 22 not fully extracted) (Paragraph 22 (header) and Paragraph 5)

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