This By-Laws document contains the following information: the name and location of the corporation, the shareholders, and the duties of the officers.
Property Owners Association Bylaws For Nonprofit Organizations In Fulton
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State:
Multi-State
County:
Fulton
Control #:
US-00444
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Word;
Rich Text
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FAQ
In order to avoid personal property taxes, a nonprofit must fall under some particular exemption listed within the Georgia code. One such exemption applies to personal property owned by a “purely public charity” .
The Property Owners' Association Act oversees the creation, management, authority, and functions of the HOAs in Georgia. It's important to note here that associations can be formed under the POAA or using common law principles. In such cases, this act will not apply.
An HOA is primarily concerned with property value and esthetics. A POA is primarily concerned with the education of the community in regards to real estate planning, such as development. Whether you live in a community with an HOA or POA, we carry a variety fo supplies for your home improvement needs.
The POA grants the association a statutory power to assess fines against violators of the association's governing documents and to suspend the common area use rights of those violators, provided that the association's ability to fine and suspend are expressly stated in the declaration of covenants.
There are both voluntary and mandatory HOAs in Georgia, which means that in some communities, it is compulsory to become a member when you move to the area, and the only way to leave is to sell your home or request that your property be removed.
Under Georgia law, HOAs have the power to enforce community rules, collect dues, and maintain common areas. These rights are outlined in their governing documents. The Georgia inium Association Act regulates many of these activities, ensuring compliance with state laws.