Crestwood Hedge View Assoc Ltd Partn

Key facts from Crestwood Hedge View Assoc Ltd Partn's documents

Community type

Condominium (Declaration of Condominium for Valle Nor)

Legal name

Valle North, A Condominium

Governing law

Georgia Condominium Act (Ga. Code Ann. Chapter 85-16E) (Section 1.01)

Assessments & dues

Annual assessment for Common Expenses (except special assessments) allocated according to percentages of undivided interest in Common Elements as set forth in Exhibit "C". (Section 4.03 and Section 4.01 (general o)

Special assessments

Special assessments allowed for: (a) Common Expenses of Limited Common Elements specially assessed against Unit(s) served; (b) expenses benefiting less than all Units; (c) expenses occasioned by conduct of few; (d) disproportionate benefits (Section 4.02)

Collections & liens

Assessments constitute a lien in favor of Association on the Unit. Lien includes late charge, interest, costs of collection (court costs, sale expenses, preservation expenses, reasonable attorneys' fees), and fair rental value. Recordation (Section 4.01 and Section 4.04)

Reserves & fees

$25.00 fee for Association to furnish statement certifying waiver or failure to exercise right of first refusal. (Section 8.03(a): "upon payment of a $25.)

Pets

Reasonable number of common house pets allowed, kept solely as domestic pets and not for commercial purposes. (Exhibit D, Section 3)

Leasing & rentals

Unit Owner may lease unit, but not for transient or hotel purposes. Lease must be in writing and subject to Declaration and By-Laws. (Section 8.03(b))

Parking & vehicles

Mobile homes, motor homes, truck campers, trailers of any kind, boats kept only on portions designated by Board. Board may prohibit them if in best interests. (Exhibit D, Section 8)

Architectural approval

Alterations to interior that do not impair structural integrity are allowed without approval. All other improvements or alterations require prior written approval of Board of Directors. Also, painting/decorating outside appearance requires (Section 2.07 and Section 3.02(d))

Maintenance

Association responsible for maintenance and repair of Common Elements (including Limited Common Elements) and exterior maintenance of buildings. Unit Owner responsible for: (a) all portions of Unit except those maintained by Association, in (Sections 3.01 and 3.02)

Insurance

Association obtains insurance for all insurable improvements (except owner improvements) against fire, extended coverage, vandalism, malicious mischief; comprehensive public liability insurance; other types as required or authorized by Boar (Section 5.01)

Use restrictions

All Units restricted exclusively to residential use. No temporary structures used as residence. (Section 8.01)

Voting & meetings

Each Unit entitled to number of votes as shown on Exhibit "C" (e.g., most 1 vote, some 1.222 votes). Vote cast by Unit Owner. (Section 9.02)

Amendments

May be amended by assent of Unit Owners having at least two-thirds of total vote. Also by Declarant for compliance, title insurance, or lender requirements. Amendments proposed by Declarant, Board, or petition of 30% of votes. Requires reco (Section 10.01)

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