Taluswood

Key facts from Taluswood's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Latting Road Partners, LLC

Governing law

Tennessee Nonprofit Corporation Act (Exhibit B, Charter: 'under the Tennessee)

Assessments & dues

Initial monthly assessment estimated to be $5.00 per Lot per month (Art. VII §7.09)

Special assessments

May be levied with approval of Membership, written notice sent at least 10 days but not more than 30 days in advance (Art. VII §7.03)

Collections & liens

Unpaid assessment becomes a continuing lien on the Lot; Association may foreclose, sell at public auction after 21 days notice by 3 weekly publications and written notice to owner; proceeds applied to expenses, taxes, prior liens, then Asso (Art. VII §7.05)

Reserves & fees

Cost of funding all reserves including general operating reserve and/or reserve for replacements is an annual expense (Art. VII §7.02(d))

Pets

Dogs, cats, or other household pets may be kept, provided not kept for commercial purpose (Art. III §3.02(c))

Parking & vehicles

All boats, motorcycles, trucks and recreational vehicles must be kept behind the dwelling and fenced or screened from view; not to protrude beyond building line or be parked on other portions of Lot, street, or open space (Art. III §3.02(l))

Fences

Fence material shall be wood; no chain link, stone or brick fence allowed, other than for entrance features (Art. III §3.02(n))

Architectural approval

If Committee fails to approve or disapprove within 30 days after submission, plans deemed approved (Art. VIII §8.02)

Signs & flags

One 'for sale' sign per Lot, not more than 5 square feet; no other advertising signs (Art. III §3.02(d))

Setbacks / home size

Residence not to exceed two (2) stories in height (Art. III §3.01)

Maintenance

Lot Owner responsible for interior and exterior maintenance, painting, repair and upkeep on Lot and improvements; Association responsible for Common Areas including monument signs on Lots (Art. VI §6.01, §6.02)

Insurance

Association shall keep all insurable improvements and fixtures of Common Areas insured against fire for full replacement cost; may obtain other insurance (Art. VI §6.03)

Voting & meetings

Each Lot owner entitled to one (1) vote per Lot; Developer entitled to three (3) votes per Lot until sale of 70% of Lots to individual homeowners, then one (1) vote per Lot (Art. IV §4.03; By-Laws Art. III §2)

Amendments

Covenants run for 30 years then auto-renew for 10-year periods; amendment requires instrument signed by Owners of 80% of Lots; during first year, cannot amend without consent of Declarant and Builder; Declarant may amend for 2 years to conf (Art. X §10.01)

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