Chestnut Creek Homeowners Association

Key facts from Chestnut Creek Homeowners Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (Section 1 (submits to Georgia POAA))

Legal name

Chestnut Creek Homeowners Association, Inc. (Throughout (e.g., WHEREAS clauses, Secti)

Governing law

Georgia Property Owners' Association Act, O.C.G.A. Section 44-3-220, et seq. (Section 1)

Assessments & dues

Board adopts budget; if disapproved by majority of Recreation Members at annual meeting, prior year budget continues (Section 5(d)(i))

Special assessments

Allowed; requires affirmative vote of at least two-thirds of eligible Members present or by proxy at a meeting, or by ballot/consent specifying purpose (Section 5(e))

Collections & liens

Assessments are a continuing lien on Member Lot; personal obligation of owner. First mortgage foreclosure extinguishes prior assessment liens. (Section 5(b))

Reserves & fees

Board may fix annual reserve or capital contribution as part of budget (Section 5(g))

Amendments

By affirmative vote/written consent of 66 2/3% of total eligible vote; higher vote required if materially altering Civic Member obligations. Board may amend without vote for compliance with law, title insurance, lender requirements, etc. (Section 12)

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