Ashbrooke Trace Townhomes

Key facts from Ashbrooke Trace Townhomes's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Ashbrooke Trace Townhome Association, Inc., a Georgia nonprofit corporation (Article I, page 2 (Deed Book 26958 page )

Developer / declarant

Rocklyn Homes, Inc., a Florida corporation (Opening paragraph)

Governing law

Not condominium under Georgia Condominium Act, O.C.G.A. § 44-3-70 et seq.; not submitted to Georgia Property Owners Association Act, O.C.G.A. § 44-3-220 et seq. (Article I, page 2 (Deed Book 26958 page )

Special assessments

Allowed for non-routine or unanticipated Common Expenses; allocated equally; 45-day notice; can be vetoed like budget (Section 8.2(b), page 21 (Deed Book 26958)

Collections & liens

Assessment constitutes a lien on the Unit, foreclosable in same manner as a Mortgage (Definition of 'Assessment' in Article II)

Reserves & fees

Budget shall include annual contribution to reserve fund for repair/replacement of assets with >3 year useful life (Section 8.1, page 20 (Deed Book 26958 pa)

Amendments

Amendments to Declaration governed by Section 20.2 (not fully provided); requires recorded instrument (Section 20.2, page 41 (Deed Book 26958 p)

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