Adell Ree Park Condominiums Homeowners Association

Key facts from Adell Ree Park Condominiums Homeowners Association's documents

Community type

Condominium

Legal name

ADELL REE PARK CONDOMINIUMS HOMEOWNERS ASSOCIATION

Governing law

Tennessee Horizontal Property Act, Tennessee Code Annotated 66-27-101 et seq. (Article I, Section 3)

Assessments & dues

Board determines sums necessary for common expenses; budget constitutes basis for regular assessments. Assessments payable periodically as determined by Board. (Article VII, Section 3(A) and (B))

Special assessments

Board may levy special assessments for budgeted items not adequately funded. Other special assessments require majority vote of membership except for repair due to damage as provided in Master Deed. Board may also impose special assessment (Article VII, Section 3(C); Article IV, S)

Collections & liens

Association may enforce its lien for assessments in accordance with Master Deed and Act. Also may pay governmental liens and assess owner. (Article VIII, Section 1 and Section 2)

Reserves & fees

A Reserve Fund shall be established through regular assessments for replacement of improvements to common elements. (Article VII, Section 3(B))

Parking & vehicles

Board may designate assigned parking spaces (other than limited common elements) for each unit, visitors, service vehicles, and other vehicles. (Article IV, Section 4(K))

Maintenance

Board responsible for maintenance of units and condominium property except portions required to be maintained by owners. Common expenses include operation, maintenance, repair, replacement of common areas and facilities and limited common a (Article IV, Section 4(B); Article VII, S)

Use restrictions

Association may abate nuisances. (Article IV, Section 4(F))

Voting & meetings

Class A: one vote per unit; Class B (Developer): three votes per unit until conversion. When more than one owner, one vote per unit. Husband and wife considered one person. (Article II, Section 1; Article III, Sect)

Amendments

Altered, amended, or added to at any duly called meeting of members with notice containing full statement of proposed amendment. Quorum: majority of all outstanding votes. Affirmative vote of 67% of total outstanding votes required. No amen (Article XI)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.