Oak Cottage Court

Key facts from Oak Cottage Court's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (not condominium, not POA Act) (Page 2: 'THIS DECLARATION DOES NOT AND I)

Legal name

Oak Cottage Court Homeowners Association, Inc. (Section 1.5)

Developer / declarant

Decatur Land Trust Inc. (Page 1: 'by Decatur Land Trust Inc., a G)

Governing law

Georgia Nonprofit Corporation Code (Bylaws Section 6.7: 'The duties and powe)

Assessments & dues

Board prepares budget, becomes effective unless disapproved by majority of Total Association Vote at annual meeting; during Land Ownership Period Declarant may unilaterally adjust (Section 5.3(a) and (d))

Special assessments

Board may levy Special Assessment against all Lots based on Percentage Interests with notice (Section 5.4)

Collections & liens

Assessments are a continuing lien on Lot and DLT Home, personal obligation, Association may foreclose (Section 5.8: 'shall be a charge on the L)

Reserves & fees

Board may prepare capital reserve budget and set required contribution (Section 5.3(e))

Leasing & rentals

Yes, with prior written approval of Declarant and Hardship Leasing Permit from Board; short-term rentals prohibited except with written approval (Section 7.4(a) and (c))

Parking & vehicles

Parking spaces assigned as Exclusive Common Property; see Exhibit B. On-street and other restrictions likely in Section 7.7. (Section 2.3(a) and Exhibit B reference)

Architectural approval

Prior written approval required for exterior changes, encroachments, signs, etc. (Section 6.1(a))

Signs & flags

Require ARC approval, except certain exceptions (e.g., security signs, real estate signs?) – text truncated but Section 7.8 exists (Section 7.8 heading)

Use restrictions

Each Lot shall be used for residential purposes only; trade or business prohibited except limited home business with conditions (Section 7.2)

Voting & meetings

Each Lot is entitled to one equal vote. If multiple owners, vote is cast as they instruct or is suspended. (Section 3.2)

Amendments

Amendment requires vote of Owners (majority?) and consent of Declarant during Land Ownership Period; specific percentage not fully visible but referenced in Section 13.2 (Section 13.2 (text truncated))

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