Parks of Stonecrest

Key facts from Parks of Stonecrest's documents

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

Community type

residential community, not condominium or property owners' development (Section before Article 1: 'This document)

Developer / declarant

Stonecrest Atlanta, LLC, a Georgia limited liability company (Preamble: 'by Stonecrest Atlanta, LLC, a)

Governing law

Not explicitly stated; references O.C.G.A. but does not adopt a specific Georgia property owners' association act (Section before Article 1; Article 4.1 re)

Special assessments

Permitted under Article 8, Section 8.4; may be levied by Board without Member vote in case of insufficient insurance proceeds (Article 6.1(c)) (Table of Contents lists '8.4 Special Ass)

Collections & liens

Association may file liens for non-payment of assessments and other charges (Section 4.3: 'the filing of liens in the)

Reserves & fees

Reserve budget required under Section 8.3 (Table of Contents lists '8.3 Reserve Bud)

Pets

Yes; section 10.10 'Animals and Pets' exists (Table of Contents: '10.10 Animals and Pe)

Leasing & rentals

Yes; Section 10.4 'Leasing' exists (Table of Contents: '10.4 Leasing')

Architectural approval

Yes; Architectural Review Board (ARB) must approve architectural changes per Article 9 and Design Guidelines (Definition 1.2 'ARB'; Article 9 'ARCHITE)

Maintenance

Association maintains Area of Common Responsibility (Common Areas, certain infrastructure, etc.); Owner maintains Lot and all improvements on Lot (Article 5 generally: Sections 5.1 and 5.)

Insurance

Deductible treated as Common Expense unless loss due to negligence of specific Owner(s), then assessed against that Owner (Section 6.1(a): 'the deductible shall be)

Use restrictions

Lots intended for residential use as single-family attached or detached dwellings (Definition 1.22: 'a portion of the Prope)

Voting & meetings

Two classes: Class A (each Owner has one vote per Lot) and Class B (Declarant has special voting rights including appointing majority of Board until termination of Development Period) (Section 3.2: 'The Association shall have)

Amendments

Article 14.2 addresses amendments; Article 13.6 gives Declarant right to amend during Development Period; not fully excerpted (Table of Contents: '14.2 Amendments' and)

Amenities

Common Area may include parks, lakes, ponds, tennis courts, swimming pools, bike and pedestrian pathways/trails, entry features, lighting, parking areas, sidewalks (Section 5.1(a)(ii): 'all landscaping... )

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