Silver Summit at Flat Shoals

Key facts from Silver Summit at Flat Shoals's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condo (CNDO) (Doc ID line: Type: CNDO)

Developer / declarant

Silver Summit at Flat Shoals, L.L.C. (Paragraph 2(n))

Governing law

Georgia Condominium Act, O.C.G.A. §44-3-70 et seq. (Paragraph 1)

Assessments & dues

Set annually by Board; budget prepared and delivered to members at least 21 days before annual meeting (Paragraph 10(d))

Special assessments

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

Collections & liens

Assessments are a continuing lien on the Unit and the personal obligation of the Owner. Association may collect by suit, suspend rights, and suspend utility services (subject to conditions). (Paragraph 10(b), 10(c)(iv), 10(c)(v))

Reserves & fees

Board shall prepare a capital reserve budget and set required contribution; included in annual budget (Paragraph 10(f))

Leasing & rentals

Yes, but subject to Leasing Permits; current permits cannot exceed 10% of total Units (excluding Declarant) (Amended Paragraph 15(b): 'current, outst)

Architectural approval

Yes; any exterior change, alteration, construction, encroachment onto Common Elements or Limited Common Elements requires prior written approval of ACC (or Declarant during control period) (Paragraph 13(a) and (b))

Home business

Permitted if not apparent, no excessive traffic, consistent with residential character, etc. (Para 14(a) (Pages 25-26 of Declaration))

Maintenance

Association responsible for Common Elements (including roofs, exterior walls, etc.); Owner responsible for Unit interior and any improvements made by Owner (Paragraph 5 (Common Elements); Paragraph)

Insurance

Deductible considered maintenance expense; owner may be responsible for up to $2,500 per occurrence for deductible (Paragraph 11(i): 'no Owner shall be assi)

Use restrictions

true (Para 14(a) (Page 25 of Declaration))

Voting & meetings

Each Unit entitled to one equally weighted vote (Paragraph 7: 'the Owner or collective Ow)

Amendments

Declaration may be amended by affirmative vote/written consent of members holding 2/3 of Total Association Vote, and consent of Declarant if Declarant owns units for sale or has annexation right. (Amendment in 2018 notes Declarant consent n (Paragraph 22 (referenced in amendment re)

Amenities

Fitness facility, swimming pool, club house (as part of Common Elements) (Paragraph 5: 'fitness facility, swimming)

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