DennisG7 (Georgia)
Posts: 155
Posts: 155
Posted:
Well folks, I'm back. Althought my efforts to try and get our HOA Open Space land sold is still churning away, I stumbled upon a line in our 2000 CCR that I had missed until a couple days ago.
On the front page, the cover page with the preparing attorneys name and the date recorded at the courthouse, I found a sentance I had skipped over. At the bottom of the page is this "THIS INSTRUMENT ESTABLISHES A MANDATORY MEMBERSHIP HOMEOWNERS ASSOCIATION BUT DOES NOT SUBMIT THIS DEVELOPMENT TO THE PROVISIONS OF THE GEORGIA PROPERTY OWNER'S ASSOCIATION ACT, O.C.G.A. 44-3-220 ET SEQ"
This is the only GA Code that appears to deal with POA's. So what does this mean and how does it impact our 15 year old HOA? The only reference made in the body of the CCR deals with O.C.G.A. Code 14-3-101, Georgia Non Profit Corporations.
So what does this mean? There is no other reference made to any other GA Code that I've seen. Looks like the developer and the attorney that prepared this in Feb 2000 did this intenionally. Is this a big deal or not? One person that prepares Reserve Studies has told me the HOA may cease to exsist in 20 years from the date filed at the courthouse. That's 5 years away. Anyone have any thoughts on it?
On the front page, the cover page with the preparing attorneys name and the date recorded at the courthouse, I found a sentance I had skipped over. At the bottom of the page is this "THIS INSTRUMENT ESTABLISHES A MANDATORY MEMBERSHIP HOMEOWNERS ASSOCIATION BUT DOES NOT SUBMIT THIS DEVELOPMENT TO THE PROVISIONS OF THE GEORGIA PROPERTY OWNER'S ASSOCIATION ACT, O.C.G.A. 44-3-220 ET SEQ"
This is the only GA Code that appears to deal with POA's. So what does this mean and how does it impact our 15 year old HOA? The only reference made in the body of the CCR deals with O.C.G.A. Code 14-3-101, Georgia Non Profit Corporations.
So what does this mean? There is no other reference made to any other GA Code that I've seen. Looks like the developer and the attorney that prepared this in Feb 2000 did this intenionally. Is this a big deal or not? One person that prepares Reserve Studies has told me the HOA may cease to exsist in 20 years from the date filed at the courthouse. That's 5 years away. Anyone have any thoughts on it?