Due to the fast paced growth of the Atlanta metro area over the past 20 years, home owner association law has developed and grown exponentially, as well. Subdivisions, condo associations, townhomes and office parks have replaced the once tranquil farms and pastures of yesteryear. This real estate growth has afforded us the ability to develop clientele that make up several local office and residential home owner associations and condo associations. Very often, the Boards of these associations are volunteers that are unsure of the ramifications of the decisions they make. They look to us to guide them and create as little legal liability for their association as possible. They also hire us to enforce the covenants bestowed on them and to handle the collections of back dues. The Fabian Law Firm is proud of its ability to support its clients in this fairly new avenue of real estate law.
Home owner association law is a relatively new aspect of real estate law in Georgia. With the increase in development in the Atlanta metro area, home owners’ associations are the structure under which these developments are regulated. Home owner associations, condominium associations, townhome associations, office condo associations are all branches of the same legal concept of real estate governance. There are many aspects of this branch of law that include collections, covenants, restrictions and bylaws, covenant enforcement, dues collection, lien filings, just to name a few. We pride ourselves in assisting our home owner association clients and their board members.
Home owner association management companies are now regulated under the Georgia Real Estate Commission (GREC) which has its own rules and regulations that these companies must comply with. One of which is that property management companies must be under the control of a real estate broker and must be registered with the GREC as a property management company. There new bonding, insurance and licensing requirements that these companies must comply with. Failure of them to do so can result in problems with this regulatory body.