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202003005
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Last modified
5/12/2020 9:35:28 AM
Creation date
5/12/2020 9:32:23 AM
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DEEDS
Inst Number
202003005
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202003005 <br />(a) Any common expense associated with the maintenance, repair or <br />replacement of a limited common element must be assessed against the units to <br />which that limited common element is assigned; <br />(b) Any common expense, or portion thereof, benefiting fewer than all of <br />the units must be assessed exclusively against the units benefited; and <br />(c) Any common expense caused by the misconduct of any unit owner or <br />such unit owner's invitee may be assessed by the association exclusively against <br />that owner's unit. <br />Each assessment shall be the personal obligation of the member who is the unit owner of the unit <br />assessed at the time of the assessment and shall bear interest at the rate of Sixteen Percent (16%) <br />per annum from the date established by the Executive Board of Directors of the association until <br />paid. <br />30. Violation of Unit Owner Obligations. The association shall have the right to record in <br />the office of the Hall County Register of Deeds, a written notice of a violation by any owner of <br />any restriction or provision of this Declaration, rules and regulations applicable to this <br />condominium, or the association's By -Laws ("Notice of Violation"). The Notice of Violation shall <br />be executed and acknowledged by an officer of the association and shall contain substantially the <br />following information: <br />a. The name of the owner; <br />b. The legal description or street address of the unit against which the notice <br />is being recorded; <br />c. A brief description of the nature of the violation; <br />d. A statement that the notice is being recorded by the Association pursuant to <br />this Declaration; and <br />e. A statement of the specific steps that must be taken by the owner to cure the <br />violation. <br />Recordation of a Notice of Violation shall serve as notice to the owner and to any <br />subsequent purchaser of the unit that there is a violation of the provisions of this Declaration, the <br />By -Laws or the rules and regulations applicable to the Condominium. If, after the recordation of <br />such notice, it is determined by the association that the violation referred to in the Notice of <br />Violation has been cured, the association shall record a Notice of Compliance which shall state the <br />legal description or street address of the unit against which the Notice of Violation was recorded, <br />the recording date identifying the docket and page where the Notice of Violation was recorded, <br />and shall state that the violation referred to in the Notice of Violation has been cured. <br />31. Proportional Assessments for Insurance and Utilities. The Executive Board of <br />Directors of the association may assess the costs of insurance in proportion to the risk and the costs <br />of utilities in proportion to usage if those utilities are not separately metered. <br />Page 11 of 13 <br />
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