Chestatee Farms

Key facts from Chestatee Farms's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Mandatory Membership Homeowners Association (Preamble)

Governing law

Georgia Nonprofit Corporation Code, O.C.G.A. § 14-3-101 et seq.; Not submitted to Georgia Property Owner's Association Act, O.C.G.A. § 44-3-220 et seq. (Preamble and Article 1.3)

Assessments & dues

Board prepares budget covering estimated costs; budget and assessment delivered to members at least 30 days prior to due date. Effective unless disapproved by a majority of the Total Association Vote and the Declarant. (Section 4.3)

Special assessments

Requires approval of two-thirds of Total Association Vote and Declarant. May be paid in installments extending beyond fiscal year. (Section 4.4)

Reserves & fees

Greater of $10.00 or 10% of amount due for any assessment or installment delinquent more than 30 days. (Section 4.7)

Voting & meetings

One vote per Lot owned. When more than one Person holds ownership, vote is exercised as they determine and advise Secretary prior to meeting. Vote suspended if more than one seeks to exercise it. (Section 3.2)

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