Broughton Lane Condominium

Key facts from Broughton Lane Condominium's documents

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

Legal name

BROUGHTON LANE CONDOMINIUM ASSOCIATION, INC. (Section 1(b) (Book 257 Page 551))

Governing law

Georgia Condominium Act (Ga. Laws 1975, pp. 609, et seq., codified as Chapter 85-162 and Title 44 Article III Section 70 et seq.) (Declaration Page 1 (Book 257 Page 548))

Assessments & dues

Determination of dollar amount of any assessment requires approval of at least one owner of a residential unit. General and special assessments levied by Board of Directors. (Section 10(a) (Book 257 Page 565-566), S)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair, and replacement of improvements to common elements, maintained out of regular assessments. (Section 24(e) (Book 257 Page 596-597))

Leasing & rentals

Yes, owners may lease unit subject to conditions. (Section 17(b) (Book 257 Page 581-582))

Signs & flags

Declarant may display signs during completion and sale. Otherwise not specifically addressed; Association may make regulations. (Section 16(d) (Book 257 Page 579-580))

Voting & meetings

Each Unit owner has one vote weighted in accordance with the percentage set forth in Section 7. Each Unit entitled to one vote with percentage as set out in Section 7(c). (Section 11(b) (Book 257 Page 567), By-La)

Amendments

Amendments must be approved by owners of 80% of common areas. No amendment discriminating against a unit/class without consent of affected owners. No change to unit boundaries, share in common areas, or common expense liability unless all u (Section 22 (Book 257 Page 592-593))

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