Financial Information



How much are the HOA fees? Where do I send my payment?


Monthly Association Fees are currently $220.00. Fees are subject to change with written notice to residents.

Payments can be mailed to:
Peachtree Malone Condominium Association
C/O HomeOwners Advantage
P.O. Box 531134
Atlanta GA 30353-1134


Payment needs to be submitted by the 1st of each month. A late fee applies. Accounts with chronic late payments and a balance are turned over to a collection agency and credit bureau.


To what do my monthly HOA payments go?


Your monthly HOA fees pay for your water, garbage, sewage, landscaping, elevator maintenance, everyday operations in common areas, exterminator appointments for common areas and common area fixes and repairs.


Reserve Study


In 2010, Peachtree Malone underwent a capital reserve study in order to insure that we are in good financial standing to handle upcoming necessary maintenance costs. The results of this study can be downloaded for owner review here: ReserveStudy.pdf

In 2014, the capital reserve study was updated. The updated results can be downloaded here: PeachtreeMalone2014Reserve.pdf


Enforcement


In a continued effort to retain the value of our homes, strict enforcement will be in place for Late and Delinquent Homeowners Dues and Leasing Units. Letters were sent out to notify owners of outstanding balances and instructions to send payments. We encourage those homeowners to bring delinquent payments up to date by contacting HomeOwners Advantage. We appreciate your support and share your desire to make this a great community for all its residents. Please direct all inquiries or questions to HomeOwners Advantage.

If an owner is leasing a unit to a tenant on Peachtree Malone property without registration and approval from the PML Board of Directors and HomeOwners Advantage, the owner will incur heavy fines and strict penalties. See General Information for more on Leasing.


How much are special assessment fees? Where do I send my payment?


The amount for special assessments vary. When making special assessment payments, please do so separately from your monthly HOA dues. Also, please include the phrase "special assessment" in the memo section and include your unit number on your check or money order.

Payments can be mailed to:
Peachtree Malone Condominium Association
C/O HomeOwners Advantage
P.O. Box 531134
Atlanta GA 30353-1134



I need to obtain a Certificate of Insurance for PML buildings and common elements (usually for the purposes of refinancing my home). How do I do this?


A Certificate of Insurance for PML can be obtained by visiting the Community Association Underwriters of America website.

Website: CAU Certificates of Insurance

The association name is Peachtree Malone Lofts. Continue filling out the required information on the following screens and they will send you (or your mortgage company) the certificate.