Fifty Oaks Townhome Association, Inc.

Key facts from Fifty Oaks Townhome Association, Inc.'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome community with mandatory membership homeowners association, not condominium, not subject to Georgia Property Owners' Association Act or Condominium Act (Preamble and first page)

Legal name

Fifty Oaks Townhome Association, Inc. (Section 1.3)

Developer / declarant

50 OAKS GROUP, LLC, a Georgia limited liability company (Preamble and Section 1.9)

Governing law

Not subject to Georgia Property Owners' Association Act (O.C.G.A. §44-3-220 et seq.) or Georgia Condominium Act (O.C.G.A. §44-3-70 et seq.); governed by Georgia Nonprofit Corporation Code (O.C.G.A. §14-3-101 et seq.) (First page and Section 1.4)

Assessments & dues

Board prepares budget, delivers to members at least 30 days before due date; budget becomes effective unless disapproved by majority of Total Association Vote and Declarant. (Section 4.3)

Collections & liens

Unpaid assessments constitute a charge on land and continuing lien in favor of Association; lien subordinate to first mortgages if assessments current at mortgage filing; Association may foreclose lien or file claim of lien; personal obliga (Sections 4.2, 4.7, 4.8)

Reserves & fees

Board may establish reserve funds as it deems proper. (Section 4.4 (general assessments may inc)

Pets

Yes, but subject to rules and regulations adopted by the Board; no livestock, poultry, or similar animals; no breeding or boarding; all pets must comply with applicable laws. (Section 7.6)

Leasing & rentals

Yes, Units may be leased, but subject to restrictions: lease must be in writing, lessee must comply with Declaration, lease term must be at least 30 days (short-term rentals prohibited), lessor must provide copy to Association, leases canno (Section 7.5)

Parking & vehicles

Not permitted on private streets except as designated; Board may regulate. (Section 7.4)

Fences

Fences require prior architectural approval; Owner responsible for maintenance of area enclosed by fence (Section 5.3(iii)). Section 7.11: No fence, wall or other screening shall be erected, placed, or maintained on any Unit except as appro (Sections 5.3(iii), 7.11)

Architectural approval

Declarant has 45 days after receipt of complete plans to approve or disapprove; failure to act within 45 days deems approval. Approval expires if construction not commenced within 12 months. (Section 6.2)

Maintenance

Replacement is Association responsibility when Board determines necessary or if caused by casualty covered by Association insurance; routine maintenance and repair is Owner responsibility. (Section 5.2 chart)

Insurance

Deductible amounts as determined by Association; damage below deductible may be assessed to responsible Owner or to all Owners as common expense if not attributable. (Section 8.4)

Use restrictions

Yes, each Unit shall be used exclusively for residential purposes. (Section 7.2)

Voting & meetings

One vote per Unit owned; multiple owners of a Unit determine how to cast vote; voting rights may be suspended for unpaid assessments or infractions. (Section 3.2)

Amendments

Declaration may be amended by majority of Total Association Vote and Declarant, except certain articles (like Article 6 architectural standards) require Declarant consent until rights terminated. Section 10.6: Amendment requires two-thirds (Section 10.6)

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