Ivey Crest Condominium

Key facts from Ivey Crest Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Paragraph 1 name)

Developer / declarant

Centex Homes, a Nevada general partnership (Preamble, Paragraph 2(o))

Governing law

Georgia Condominium Act, O.C.G.A. § 44-3-70, et seq. (Paragraph 1, Paragraph 2(a))

Assessments & dues

assessed equally against all the Units (Paragraph 8(a))

Special assessments

Allowed; if total exceeds $200 per Unit per fiscal year, must be approved by majority of Total Association Vote (Paragraph 10(e))

Collections & liens

Assessments are a continuing lien; Association may sue, suspend use of Common Elements, and suspend utilities after judgment (Paragraph 10(b), 10(c)(iv), 10(c)(v))

Reserves & fees

Annual capital reserve budget required; contribution set by Board (Paragraph 10(f))

Leasing & rentals

yes, with restrictions (Paragraph 15)

Architectural approval

Written approval required for any exterior change, alteration, or construction (except Declarant) (Paragraph 13(a))

Signs & flags

No signs of any kind may be displayed without written consent, except one professional security sign not to exceed 6x6 inches may be displayed from within a Unit (Exhibit E (k))

Maintenance

roof is Common Element, thus Association responsibility (Paragraph 5)

Insurance

Considered maintenance expense; max $2,500 per Owner per occurrence (Paragraph 11(i))

Voting & meetings

one (1) equally weighted vote for such Unit (Paragraph 7)

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