Tranquility at Carters Lake Owners Association

Key facts from Tranquility at Carters Lake Owners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Tranquility at Carters Lake Owners Association

Developer / declarant

DOVER-PFISTER, LLC.

Governing law

Georgia Non-profit Corporation Code (Article I – Association: "a non-profit c)

Special assessments

For capital improvements; Board may levy up to amount equal to annual assessment then in effect without member vote; over that requires 2/3 of members present in person or by proxy (Article IV Special Assessments for Capit)

Collections & liens

Lien on Homesite for unpaid assessments; superior to most liens except taxes and purchase money deeds to secure debt; foreclosure by action or power of sale with 4 weeks advertising, 15% attorneys' fees; owner waives pre-sale judicial heari (Article IV Covenant for Assessments; Art)

Pets

Yes, as household pets; no agricultural animals; no commercial purposes (Article VI Animals)

Architectural approval

ACC shall act within 30 days of receipt; failure to act within 30 days deemed approval (Article V Obligation to Act)

Signs & flags

United States flag allowed; other flags require ACC approval, except holiday flags as per holiday decoration rule (Article VI Artificial Vegetation, Exteri)

Setbacks / home size

ACC may establish setback requirements; guidelines in Design Standards; no structure unless consistent with such setbacks (Article VI Setbacks)

Maintenance

Owner: maintains Homesite and structures; Association: maintains Common Property (Article II Maintenance (Common Property))

Insurance

Association shall keep Common Property improvements insured with fire, vandalism, malicious mischief, extended coverage; and public liability insurance in amounts determined by Board (Article XI Insurance (a))

Use restrictions

Homesites may be used for single-family residences only and for no other purpose, except Declarant may operate Sales Office / Model Home (Article VI Restriction of Use)

Voting & meetings

Class A: each Owner of a Homesite (except Declarant) = 1 vote per Homesite; Class B: Declarant = 3 votes per Homesite owned (Article III Voting Rights)

Amendments

Declarant may amend during control period without member approval, except if materially alters rights or adversely affects title (then majority of affected members) or mortgagee rights; Association may amend after control period with 2/3 of (Article IX)

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