Ivy Glen

Key facts from Ivy Glen's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision governed by a homeowners association (not a condominium, not subject to Georgia Property Owners’ Association Act) (Article I preamble: 'This document does )

Legal name

Community Association of Ivy Glen, Inc. (Section 1.3: '“Association”: Community A)

Developer / declarant

D.R. Horton, Inc., a Delaware corporation (Opening paragraph: 'D.R. HORTON, INC., a)

Governing law

Georgia Nonprofit Corporation Code (O.C.G.A. Section 14-3-101 et seq.) (Section 3.1: 'The Association shall perf)

Special assessments

Permitted; if exceeds yearly General Assessment amount, requires majority vote of owners and Declarant consent. (Section 8.5: 'Any Special Assessment whi)

Collections & liens

Association has lien on each unit for unpaid assessments, superior except for taxes and first mortgages. May foreclose like mortgages. Foreclosure by first mortgagee extinguishes prior assessment liens. (Section 8.7: 'The Association shall have)

Reserves & fees

Board may establish reserve budget and capital contribution; not mandatory. If reserves insufficient, Special Assessments may be levied. (Section 8.4(a): 'The Board may prepare a)

Leasing & rentals

Yes, Owner may lease Unit and assign rights of use of Common Area to lessee. (Section 2.1 last paragraph: 'An Owner wh)

Use restrictions

Yes – each Unit intended for single-family residence. (Section 1.24: 'intended for development,)

Amendments

Not fully detailed in provided text; requires Declarant consent during control period as per Section 3.3(b) 'right to approve, or withhold approval of, actions proposed under this Declaration'. (Section 3.3(b) and Section 15.2: 'Amendm)

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