Mountain Springs Condo

Key facts from Mountain Springs Condo's documents

Community type

Condominium

Legal name

Mountain Springs Condominium

Units / lots

Maximum 208 units (188 may be added to initial 20? Not specified, but max total is 208) (Article II, Section 5(c))

Developer / declarant

W. D. C. Group, Ltd., a Georgia corporation (Preamble)

Governing law

Georgia Condominium Act, Ga. Laws 1975, No. 463, Official Code of Ga. Ann. §§44-3-70 et seq. (1982) as amended (Article I, Section 1)

Assessments & dues

Board of Directors prepares estimated budget not later than 30 days before end of fiscal year and sets annual assessment; may levy further assessments if budget inadequate. (Article V, Section 2(a))

Special assessments

For capital improvements: max $100 per unit per fiscal year unless approved by majority vote of Unit Owners. Also special assessments for expenses benefiting less than all units. (Article V, Section 3 and Section 2(b))

Collections & liens

Unpaid assessments become a lien on the Unit; may be foreclosed; Association may bid at sale. Lien priority: prior to all liens except ad valorem taxes and first priority or secondary purchase money mortgages recorded before this Declaratio (Article V, Sections 1, 5, 6)

Reserves & fees

Board may establish reserve funds for maintenance, repair, replacement of common elements and for operating contingencies or deficiencies. (Article V, Section 2(a)(vii))

Pets

Reasonable number of generally recognized house pets allowed, but not for commercial purposes. No animals or birds that are not house pets. (Article VIII, Section 7)

Leasing & rentals

Yes, but subject to restrictions. (Article VIII, Section 12)

Parking & vehicles

Board may prohibit mobile homes, motor homes, truck campers, trailers, boats, motorcycles, go-carts, etc. (Article VIII, Section 5)

Maintenance

Association: maintain, repair, replace common elements (including limited common elements except cleaning of patios, balconies, decks, etc.) and exterior finish of entry doors. Unit Owner: maintain, repair, replace interior of Unit, fixture (Article IV, Sections 1 and 2)

Use restrictions

All Condominium Units are restricted exclusively to residential use. (Article VIII, Section 2)

Voting & meetings

Each Condominium Unit shall have an equal vote in the Association (Article II, Section 2)

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