Hayes Place

Key facts from Hayes Place's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single Family Residential Planned Development (P.D.) (Page 1, Title: "Hayes Place P.D."; Page )

Developer / declarant

Regency Homebuilders, a Tennessee Limited Liability Company

Governing law

State of Tennessee law (Article III Section 3.4: "express provis)

Assessments & dues

Maximum $500.00 per Lot per year until December 31, 2020; thereafter determined by Board (Article VI Section 6.8: "Until December )

Special assessments

May be levied within a calendar year for capital improvements or other necessary purposes, with approval of majority vote of Board of Directors. (Article VI Section 6.3)

Collections & liens

Lien on Lot for unpaid assessments, late fees, costs, attorneys' fees; may be enforced by suit or non-judicial foreclosure via power of sale (21-day notice, three publications, public outcry at courthouse, free from equity of redemption). (Article VI Sections 6.5(b), 6.5(c), 6.5()

Reserves & fees

Cost of funding all reserves, including general operating reserve and reserve for replacements, included in annual assessment expenses. (Article VI Section 6.2(d): "The cost of )

Pets

Yes, dogs, cats, rabbits, birds, fish as household pets. No reptiles, wildlife, farm animals. Must be leashed when not confined or in fenced yard. Waste must be picked up. Association may require removal if nuisance. (Article VIII Section 8.3(d))

Architectural approval

Prior written approval required for any structure, fence, or barrier; any material exterior change; and any new use. (Article VII Section 7.2: "no structure o)

Signs & flags

One "for sale" sign per Lot of not more than six (6) square feet allowed; no other advertising signs, billboards. Declarant/Builder signs excepted during development. (Article VIII Section 8.3(e): "No adverti)

Setbacks / home size

Minimum 2,400 square feet of heated living space; second floor counted. (Article VIII Section 8.2(a): "All single)

Maintenance

Association responsible for Common Area maintenance and expenses after transfer from Developer. Each Owner responsible for interior and exterior maintenance, painting, repair, upkeep of Lot and improvements, and individual yard. Fences on p (Article V Sections 5.2, 5.3, 5.4)

Insurance

Association shall insure Common Area Improvements against fire and other hazards for full replacement cost. May also insure other property owned by Association. Proceeds used for repair/replacement. (Article V Section 5.5)

Use restrictions

Private single family detached residential purposes only (Article VIII Section 8.1: "No Lot shall )

Voting & meetings

Class A (Declarant) has 5 votes per Lot owned; Class B (other Owners) 1 vote per Lot; 51% majority of votes cast decides questions unless otherwise required. (Article III Section 3.2 and Section 3.4)

Amendments

While Declarant owns 6+ Lots, Declarant may amend without Owner joinder to conform to requirements; otherwise amendment requires 75% of votes while Declarant owns 6+ Lots; thereafter 67% of votes; any amendment must be recorded. Duration: 3 (Article IX Section 9.1)

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