Lake Forest Community Association, Inc. (GA)

Key facts from Lake Forest Community Association, Inc. (GA)'s documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Explicitly not a condominium (Page 8: 'T)

Developer / declarant

Cohn Communities, Inc. (Preamble, page 1 (BOOK1550P525))

Governing law

Georgia law (referencing Georgia Condominium Act only to exclude) (Page 8)

Assessments & dues

Not fixed; set by Board budget each year. (Article IV, Section 3)

Special assessments

May be levied if approved by two-thirds (2/3) of total Association vote and Declarant (while Declarant has annexation option). (Article IV, Section 4)

Collections & liens

All assessments (plus late charges, interest, costs, attorney's fees) become a lien on the Lot, superior to all other liens except ad valorem taxes and first mortgage. Association may foreclose after 60 days delinquency. (Article IV, Sections 5, 6)

Reserves & fees

Budget includes a capital contribution establishing a reserve fund. (Article IV, Section 3)

Pets

Dogs, cats, usual household pets. (Article VI, Section 7)

Leasing & rentals

Yes, for residential purposes. (Article VI, Section 5)

Parking & vehicles

Boat, RV, motor home, mobile home, towed vehicle may not be parked over 12 hours unless in garage or designated area. (Article VI, Section 4)

Home business

Allowed if: not detectable from exterior, no coming customers, conforms to zoning, consistent with residential character. (Article VI, Section 2)

Insurance

Fire and extended coverage on Common Property and entry features; public liability with combined single limit at least $1,000,000. (Article VII, Section 1)

Use restrictions

Each Lot shall be used for residential purposes only. (Article VI, Section 2)

Voting & meetings

One vote per Lot owned. If multiple owners, they determine how to vote; otherwise vote suspended. (Article III, Section 2)

Amendments

By assent of Lot Owners holding at least two-thirds (2/3) of the vote (from recitals); detailed in Article XIII, Section 4 (partial). (Recitals (BOOK1550P519))

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