Stone Mountain West Townhomes

Key facts from Stone Mountain West Townhomes's documents

Community type

Condominium

Legal name

Stone Mountain West Townhomes

Units / lots

142 (Article IV, Section 4.2)

Developer / declarant

Stone Mountain Townhomes, LLC (Opening paragraph)

Governing law

Georgia Condominium Act (O.C.G.A. §44-3-70 through 44-3-116) (Page 2, second WHEREAS)

Assessments & dues

By Association/Board; assessments may be made more often than annually (Section 9.2(c))

Special assessments

Allowed for unexpected repairs, capital improvements, or insurance insufficiency (Section 9.2(c) and 12.7(c))

Collections & liens

Association has lien for assessments; includes late fees, interest, collection costs, and fair rental value; priority per Act; foreclosure of prior mortgage has effect per Act (Section 9.5-9.6)

Reserves & fees

Replacement reserves are included as common expense (implied) (Section 9.2(a) includes 'replacement res)

Home business

Allowed only if: not apparent from exterior, no client visits, conforms to zoning, no increased traffic, no increased insurance, consistent with residential character, no materially greater use of Common Elements (Section 14.4(a))

Use restrictions

Units shall be used only as private residences; no business may be conducted in or from any Unit (Section 11.1 and 14.4(a))

Voting & meetings

Each Unit has votes as designated on Exhibit D; voting method per Act and By-Laws (Article VIII, Section 8.1-8.2)

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