Fairington Park Condominium

Key facts from Fairington Park Condominium's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1 title and §1)

Developer / declarant

Fairington Partnership, LLC, a Georgia limited liability company (Preamble)

Governing law

Georgia Condominium Act, O.C.G.A. § 44-3-70 et seq. (1991 and Supp. 2000) (§1)

Assessments & dues

Board prepares budget and proposed assessment at least 21 days before annual meeting; becomes effective unless disapproved by majority vote at annual meeting (§10(d))

Special assessments

Board may levy special assessments; if average total special assessments in one fiscal year exceed $200 per Unit, must be approved by majority of total Association vote (except for certain casualty assessments) (§10(e) and §8(b))

Collections & liens

Assessments and related charges are a continuing lien on the Unit; Association may foreclose and collect personal obligation (§10(b))

Reserves & fees

Board must annually prepare a capital reserve budget and set required contribution; surplus may be added to capital reserve account (§10(f) and §10(h))

Architectural approval

Prior written approval of Declarant (during Declarant control) or ACC (after) required for any exterior change, alteration, construction, encroachment, or posting of objects on Common Elements or Limited Common Elements (§13(a) and §13(b))

Home business

Ancillary business activities permitted if not apparent by sight/sound/smell, no employees/clients visit in greater volume than normal, legal, no increased traffic, no increased insurance, consistent with residential character, no greater u (§14(a)(i)-(vii))

Signs & flags

Erection or placement of any object, sign, etc. on exterior or Common Elements requires prior written approval of Declarant (during Declarant control) or ACC (after); except mezuzah (max 3"x9") on door frame (§13(a) and §13(b))

Maintenance

Association responsible for maintenance, repair, replacement of Area of Common Responsibility (§9(e)); Unit boundaries defined (§4) - includes wallboard, ceiling, flooring but not subflooring; entry doors and exterior glass are part of Unit (§4, §5, §9(e), §6)

Insurance

May contain reasonable deductible; amount not subtracted from face amount in determining adequacy; deductible treated as maintenance expense; if loss affects multiple parties, Board may apportion equitably; if policy applies deductible per (§11(i))

Use restrictions

Each Unit shall be used for residential purposes only; no trade or business except ancillary home business meeting specified conditions (§14(a))

Voting & meetings

One equally weighted vote per Unit (§7: "Owner or collective Owners of a Uni)

Amendments

Not fully detailed in excerpt; references to recorded amendment required for certain changes; Declarant may amend to expand Condominium without Owner or Mortgagee approval (§5); Board may assign/reassign Limited Common Elements by amendment (§5, §6(b), §13(c)(ii))

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