Fairington Ridge Condominium

Key facts from Fairington Ridge Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1: Name)

Developer / declarant

Fairington Village 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) (Section 1)

Assessments & dues

Not fixed; set annually by Board budget (Section 10(d))

Special assessments

Board may levy special assessments; if average total special assessments per fiscal year exceed $200 per Unit, must be approved by majority of total Association vote (Section 10(e))

Collections & liens

Assessments and charges are a continuing lien on the Unit; personal obligation of Owner; after delinquency, Board may suspend utility/service after judgment over $750 and notice, subject to Act requirements (Section 10(b), (c)(v))

Reserves & fees

Board shall annually prepare capital reserve budget and set required contribution included in budget (Section 10(f))

Pets

Section 14(h) exists but text is incomplete; unable to extract details (Section 14(h) – text truncated)

Leasing & rentals

Yes, subject to rules (Leasing section referenced but not fully provided) (Table of Contents (Section 15))

Parking & vehicles

Permitted vehicles must be parked only in designated lined parking spaces (Section 14(i))

Architectural approval

Prior written approval required for any encroachment onto Common Elements or Limited Common Elements, exterior change, alteration, construction, or placement of objects; during Declarant control Declarant gives approval; after control, ACC (Section 13(a), 13(b))

Home business

Allowed if: not apparent from outside, no excessive visitation, legal, not increase traffic unduly, not increase insurance, consistent with residential character, not greater use of common facilities (Section 14(a)(i)-(vii))

Insurance

Deductible considered maintenance expense; apportioned among affected owners; may be assessed if owner fails to pay (Section 11(i))

Use restrictions

Each Unit shall be used for residential purposes only; no trade or business conducted in or from a Unit except ancillary business activities meeting specified conditions (no outside detection, limited visitation, etc.) (Section 14(a))

Voting & meetings

One equally weighted vote per Unit; all Unit owners are members of Association (Section 7)

Amendments

amendment requires 2/3 vote of total eligible association vote, plus declarant consent while owning unit (Page 30, Bylaws Section 8 (page 60 in te)

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