Hearthstone Park

Key facts from Hearthstone Park's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Mandatory membership homeowners association; not submitted to Georgia Property Owners' Association Act (Opening paragraph: 'THIS INSTRUMENT ESTA)

Developer / declarant

MHZ GEORGIA LLC, a Georgia limited liability company (First page: 'by MHZ GEORGIA LLC, a Georg)

Governing law

Georgia Nonprofit Corporation Code for Association; expressly not subject to Georgia Property Owners' Association Act (Opening paragraph and Section 1.3)

Assessments & dues

Determined by Board budget; not fixed in declaration (Section 4.4)

Special assessments

May be levied for unbudgeted expenses; if total special assessments per Lot exceed annual general assessment per fiscal year, requires approval of two-thirds Total Association Vote and Declarant (Section 4.5)

Collections & liens

Unpaid assessments automatically become lien on Lot; no further recordation required; foreclosure possible after 60 days delinquency; lien subordinate to first Mortgage if assessments paid up to date (Sections 4.2, 4.7, 4.8)

Reserves & fees

Board may establish reserve funds as part of general assessment (Section 4.4: 'establishment of reserve f)

Voting & meetings

One vote per Lot; suspended for unpaid assessments or infractions; vote allocated by multiple owners as they determine (Section 3.2)

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