Flats at Oxley Condominium

Key facts from Flats at Oxley Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Header and Article 1)

Developer / declarant

TOLL SOUTHEAST LP COMPANY, INC., a Delaware corporation (Opening paragraph of Declaration)

Governing law

Georgia Condominium Act, O.C.G.A. Section 44-3-70, et seq. (First page recital and Article 2.1)

Assessments & dues

Not fixed; determined by Board in annual budget; paid in equal monthly installments (Article 7.1, 7.2, 7.7)

Special assessments

Board may levy special assessment; any amount per Unit in excess of 1/6 of annual general assessment per fiscal year requires approval by majority of Owners (Article 7.4)

Collections & liens

All sums assessed become a charge on the Unit and a continuing lien in favor of Association; lien may be foreclosed after 30 days notice sent certified mail; Association may bid at foreclosure sale and acquire the Unit (Article 7.2)

Reserves & fees

Budget shall include funding for capital repair and replacement reserve for improvements to Common Elements and Limited Common Elements that Association is obligated to maintain (Article 7.7)

Use restrictions

Not explicitly stated but Units described as 'residential dwelling' (Article 4.1); further restrictions likely in Article 11 (not in excerpt) (Article 4.1)

Voting & meetings

Each Owner gets one equal vote per Unit; may be suspended for delinquency or infraction (Article 5.1)

Amendments

Referenced in Article 17.1 (text not in excerpt); certain sections require Declarant consent during Development Period (Article 17.1 heading, Article 4.7(b), 6.)

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