Oakhurst L F B Incorporated

Key facts from Oakhurst L F B Incorporated's documents

Community type

Covenant / Planned Community

Legal name

Oakhurst

Governing law

Not subject to Georgia Property Owner's Association Act, O.C.G.A. § 44-3-220 et seq. (Preamble, page 1)

Assessments & dues

Board prepares budget covering estimated costs; budget and assessment delivered to members at least 30 days prior to due date; budget and assessment become effective unless disapproved at a meeting by majority of total association vote and (Article 3.3, page 7-8)

Special assessments

May be levied if approved by two-thirds (2/3) of total association vote and Declarant; paid as determined by Board; may be paid in installments extending beyond fiscal year. (Article 3.4, page 8)

Reserves & fees

Amount as Board may from time to time determine; assessment delinquent more than 10 days incurs late charge. (Article 3.7, page 9)

Voting & meetings

One vote per Lot; membership appurtenant to Lot; no more than one membership per Lot; when multiple owners, vote as they determine and advise Secretary prior to meeting; vote suspended if more than one person seeks to exercise it (Article 2, page 6-7)

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