Gordon Street Townhomes

Key facts from Gordon Street Townhomes's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Gordon Street Townhome Association, Inc., a Georgia nonprofit corporation (Section 1.2)

Developer / declarant

Gordon Street Townhomes, LLC, a Georgia limited liability company (Preamble)

Governing law

This Declaration does not submit the community to the Georgia Property Owners' Association Act, O.C.G.A. § 44-3-220 et seq. or the Georgia Condominium Act, O.C.G.A. § 44-3-70 et seq. (First page, bold statement)

Special assessments

May be levied for unbudgeted expenses; if total special assessments per Unit in a fiscal year exceed the annual general assessment, approval of two-thirds (2/3) of Total Association Vote and Declarant required. (Section 4.5)

Collections & liens

Unpaid assessments, late charges, interest, and costs (including attorneys' fees) automatically constitute a continuing lien on the Unit. Association may foreclose after 60 days delinquency. (Sections 4.2, 4.8)

Reserves & fees

Greater of $10.00 or 10% of the unpaid assessment or installment. (Section 4.8)

Leasing & rentals

Leasing is permitted subject to Article 8, including leasing permits, hardship permits, and specific provisions. (Article 8 heading and Section 8.1)

Parking & vehicles

Regulated; specific restrictions not detailed in snippet. (Section 7.4)

Signs & flags

Subject to regulation; specific restrictions not detailed in snippet. (Section 7.3)

Voting & meetings

One vote per Unit owned. If multiple owners, they determine how to vote. Voting rights may be suspended for unpaid assessments or infractions. (Section 3.2)

Amendments

Amendment procedure not fully detailed in snippet, but Article 6 (Architectural Standards) may not be amended without Declarant consent until certain conditions met (Section 6.1). General amendment likely requires vote of members (Section 1 (Sections 6.1, 11.6)

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