Peachtree Walk Condominium HOA

Key facts from Peachtree Walk Condominium HOA's documents

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

Community type

Condominium (Title and §1)

Units / lots

218 (§4 first sentence: "two hundred eighteen)

Governing law

Georgia Condominium Act, O.C.G.A. § 44-3-70, et seq. (Michie 1982) (§1; §2(a))

Assessments & dues

Board prepares budget and assessment at least 21 days before annual meeting; effective unless disapproved by majority of total Association vote at annual meeting (§10(d))

Special assessments

Board may levy special assessments; if average total special assessments in one fiscal year exceed $200 per Unit, must be approved by majority of total Association vote (§10(e))

Collections & liens

Assessments are a continuing lien on the Unit; personal obligation of Owner; Association may sue, suspend voting and use of Common Elements, and disconnect utilities (subject to conditions) for nonpayment (§10(b), §10(c)(iv), §10(c)(v))

Reserves & fees

Capital reserve budget required after Declarant control expires; Board sets contribution (§10(f))

Home business

Ancillary business activities allowed if not detectable, no excessive visitors, legal, etc. (§14(a)(i)-(vii))

Insurance

Deductible per occurrence shall not exceed $1,000 (§11(a)(vi))

Use restrictions

Each Unit shall be used for residential purposes only (§14(a))

Voting & meetings

One equally weighted vote per Unit (§7: "the Owner or collective Owners of a)

Amendments

Section 22 addressed but text not provided (Table of Contents §22)

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