Yellowtop Mountain Estate

Key facts from Yellowtop Mountain Estate's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

FALL CREEK LAND COMPANY, INC.

Assessments & dues

Amount determined each year by the Board of Directors (Section 11: "Annual assessments or charg)

Special assessments

May be levied in any assessment year applicable to that year only, as approved by the Association (Section 11(d)(2) (Page 4))

Collections & liens

Continuing lien and charge against each lot; Association may foreclose the lien; personal obligation of owner (Section 11(c) and 11(e) (Page 4-5))

Reserves & fees

Board of Directors shall consider reserves for future needs when establishing annual assessment (Section 11(d) (Page 4): "any . . . reser)

Pets

Dogs, cats, horses, or other household pets may be kept, provided not for commercial purposes and not a nuisance (Section 4 (Page 1-2))

Voting & meetings

One vote per lot; Declarant entitled to one vote per lot until withdrawal after sale of 75% of lots; voting rights may be suspended if member in default of assessment payment (Section 8(b) and 8(a)(1) (Page 3))

Amendments

Declarant may cancel, modify, or change restrictions by its written consent recorded in Rutherford County; after 30 years, majority of lot owners may change by vote (Section 14 and 15 (Page 5-6))

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