Sweet Gum Court

Key facts from Sweet Gum Court's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Sweet Gum Court

Assessments & dues

$20.00 per month per lot ($60.00 per quarter) initially, commencing 90 days after plat recording. (Art. 10.4, p.21)

Special assessments

Allowed for: (a) correcting operating deficit (majority board vote); (b) collecting amounts due from owner for breach (majority board vote); (c) repairs to common area if insufficient funds (majority board vote); (d) capital acquisitions/im (Art. 10.5, p.22)

Collections & liens

Association may file lien against delinquent lot; lien accumulates all future assessments, interest, fees; foreclosable within 6 years after latest charge; superior to all other liens except property taxes and first mortgages recorded prior (Art. 10.7.2, p.23)

Reserves & fees

Required; separate Reserve Account; funds used only for maintenance, repair, replacement of capital improvements; withdrawals require two signatures (two directors or one director and non-director officer). (Art. 10.6.1, 10.6.2, p.18)

Voting & meetings

Class A (owners other than Declarant): one vote per lot; Class B (Declarant): three votes per lot. Class B converts to Class A upon sale of all lots, optional turnover, or two years after recording. (Art. 7.3, p.14)

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