Bright Water - Covenants

Key facts from Bright Water - Covenants's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Bright Water Development Co., LLC (Preamble; Art. 1(k))

Governing law

Georgia Property Owners' Association Act (O.C.G.A. § 44-3-220 et seq.), as amended (Art. 1(a))

Assessments & dues

Initial annual assessment for Class A members is $400.00 per Lot (Art. 7, § 3(a), "Four Hundred and No/100)

Special assessments

May be levied upon two-thirds vote of those then entitled to vote of all classes for capital improvements, unexpected repair/replacement, or increasing annual assessment beyond the 10% cap (Art. 7, § 4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot and personal obligation of the Owner; Association may sue personally or foreclose the lien, adding interest, costs, and 10% attorney's fees; Association may bid at foreclosure and acqui (Art. 7, §§ 1, 7(a)-(b))

Reserves & fees

Annual assessments shall include reasonable amounts as reserves for future periodic maintenance, repair, and/or replacement of Common Areas, Recreation Area, and Entrance Monuments; reserves are not advance payments of annual assessments (Art. 7, § 9)

Pets

Dogs, cats, or other household pets may be kept (Art. 3, § 13)

Leasing & rentals

Prohibited; Lots must be used for nontransient residential purposes (Art. 3, § 1, "single-family, nontransien)

Parking & vehicles

Adequate off-street parking must be provided by each Owner; enclosed parking required for a minimum of two cars on each Lot (Art. 3, § 8)

Architectural approval

Required for any residence, garage, playhouse, out-building, greenhouse, fence, wall, or other structure, or exterior addition/change/alteration/reconstruction; complete final plans and specifications must be submitted to Declarant or ACC (Art. 3, § 2(c))

Setbacks / home size

One-story dwelling: first floor area of main structure not less than 2,200 sq ft; two-story dwelling: Area A 2,200 sq ft, Area B 2,400 sq ft, Area C 2,700 sq ft, Area D 2,800 sq ft (exclusive of one-story open porches and garages) (Art. 3, § 3)

Maintenance

Association is responsible for administration, maintenance, repair, and operation of Common Areas, Recreation Area, and Entrance Monuments; Owners responsible for their Lots and improvements subject to the Declaration (Art. 8, § 1)

Insurance

Board must obtain insurance covering full replacement cost of improvements on Common Areas, Entrance Monuments, and Recreation Area against fire and other hazards including extended coverage, vandalism, and malicious mischief, plus public l (Art. 9)

Use restrictions

Each Lot shall be used exclusively for single-family, nontransient residential purposes (Art. 3, § 1)

Voting & meetings

Class A (Owners other than Declarant) is nonvoting except on specified matters until full voting triggers; full Class A voting occurs upon first of Class B written designation, Declarant owning no Lot, or November 25, 2007; Class B (Declara (Art. 4, § 3(a)-(b))

Amendments

Amendment requires agreement of Owners of Lots to which two-thirds of votes pertain; while Declarant appoints Board, Declarant consent plus two-thirds of Owner votes (excluding Declarant's Lots) required; while Declarant owns at least one L (Art. 10, § 5)

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