Clearwater at Lake Arrowhead Homeowners Association

Key facts from Clearwater at Lake Arrowhead Homeowners Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Master-planned community with residential, recreational, and related uses; not a condominium (Section 1.1)

Legal name

Clearwater at Lake Arrowhead Homeowners Association, Inc. (Article I, Section 1.1, page 10)

Developer / declarant

2012 MIFP, LLC (Preamble and Article II definition 2.21)

Governing law

Not submitted under Georgia Property Owners Association Act (O.C.G.A. §44-3-220 et seq.); common law governs. (Section 1.1: 'THIS CLEARWATER DECLARATIO)

Assessments & dues

Base Assessment levied annually by Association to fund Common Expenses per Section 8.1 (Section 2.7)

Special assessments

Allowed under Section 8.3 for certain expenses. (Section 8.3)

Collections & liens

Assessment Lien created per Section 8.7; sale/transfer does not affect lien; first mortgage foreclosure extinguishes lien for fees due prior to foreclosure (Section 3.3 (Preamble); Section 2.4)

Reserves & fees

Board may include reasonable reserves in Common Expenses; Section 8.8 'Budgeting for Reserves'. (Section 8.8)

Leasing & rentals

Yes, with restrictions: minimum initial term of 6 months (unless Board or Declarant approves shorter), no transient tenants, no subleasing without Board approval. (Section 3.1(c))

Architectural approval

No structure or improvement may be placed, erected, or installed without prior approval under Article IV and Design Guidelines. (Section 4.1)

Home business

Business allowed within Dwelling if not detectable from outside, complies with zoning, no regular client visits, consistent with residential character (Section 3.1(b))

Signs & flags

No signs except those required by legal proceedings; security signs of 12 sq in or less allowed; Declarant may install marketing signs. (Section 3.5(b))

Insurance

Owner shall carry property insurance for full replacement cost of all insurable improvements on Lot, unless Association carries such insurance. (Article V, Section 5.3, page 19)

Use restrictions

Community used for residential, recreational, and related purposes; business limited. (Section 3.1(a), (b))

Voting & meetings

Each Owner of a Lot is a Member with voting rights; details in By-Laws. (Section 6.2; Section 6.3 'Voting')

Amendments

Article XIX: Declarant may amend until end of Declarant Control Period; thereafter amendments by Members per Section 19.2; validity and effective date in Section 19.3. (Article XIX)

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