The Laurels Homeowners Association

Key facts from The Laurels Homeowners Association's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (The Laurels Homeowners Association, Inc., a Georgia non-profit corporation) (Article I, Section 1.5)

Developer / declarant

Fox Development II, LLC (Page 1 (Declarant definition also in Art)

Governing law

Georgia Nonprofit Corporation Code (Article III, Section 3.1(a))

Assessments & dues

Not fixed; set by Declarant each year during control period (Section 4.4). After control ends, Board sets within limits? Not explicitly stated for later period. (Article IV, Section 4.4)

Special assessments

Permitted for capital improvements on Common Property; procedure: Board proposes, notice to owners 10-30 days before meeting, quorum 50%, no explicit vote requirement but two-thirds vote mentioned in other contexts? Section 4.6.2 only requi (Article IV, Section 4.5 and 4.6.2)

Collections & liens

Assessment constitutes a continuing lien on the lot, enforceable by foreclosure; personal obligation also exists (Section 4.1). Association may bid at foreclosure sale (Section 8.4). Lien subordinate to first mortgages and taxes (Section 4. (Article IV, Section 4.1; Article VIII, S)

Reserves & fees

Not required but Association may accumulate surplus and carry forward (Section 4.3). (Article IV, Section 4.3)

Pets

Yes: dogs, cats, other household pets (Section 6.10). (Article VI, Section 6.10)

Parking & vehicles

Commercial vehicles or trucks capable of carrying over one ton not permitted to remain on any lot (Section 6.7). (Article VI, Section 6.7)

Home business

Private offices incidental to primary residential use allowed (Section 6.1). (Article VI, Section 6.1)

Signs & flags

After owner occupancy: one professional identification sign (max 1 sq ft) and one broker's sign (max 4 sq ft) allowed; no banners, cloth signs. Declarant and builders may display sales signs during construction (Section 6.15). (Article VI, Section 6.15)

Use restrictions

All lots for residential purposes only; no business or business activity except incidental private offices and Declarant/builder sales activities (Section 6.1). (Article VI, Section 6.1)

Voting & meetings

Two classes: Class A (owners) non-voting until Declarant designates, one year after last lot sale, or December 31, 2015; Class B (Declarant) full voting until then. Each lot one vote when Class A full voting. (Article III, Section 3.3)

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