Dexter Ridge Farms

Key facts from Dexter Ridge Farms's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Development (P.D.) (first page description)

Legal name

DEXTER RIDGE FARMS P.D. HOMEOWNERS’ ASSOCIATION, INC. (Section 1.01)

Developer / declarant

Yearwood Company, a Tennessee General Partnership (first paragraph)

Governing law

Tennessee Nonprofit Corporation Act (Exhibit B, Charter preamble)

Assessments & dues

Initial monthly assessment estimated at $10.00 per lot per month; actual determined by Board; no assessment due until home completed and sold to first residential purchaser (Section 7.09)

Special assessments

Allowed for capital improvements or other necessary purposes; requires member approval at meeting called with 10-30 days’ written notice (Section 7.03)

Collections & liens

Unpaid assessment becomes lien on lot; Association may foreclose by public sale after 21-day newspaper notice (three weekly publications) and written notice to owner; sale free from equity of redemption, homestead, dower; proceeds: first to (Sections 7.05, 7.06, 7.07)

Reserves & fees

Board may fund reserves including general operating reserve and replacement reserve (Section 7.02(d))

Pets

Dogs, cats, or other household pets may be kept, but not for commercial breeding or maintenance; number not to be excessive or unsanitary/nuisance (Section 3.02(c))

Fences

Fence material shall be wood; no chain link, stone, or brick fence except entrance features (Section 3.02(n))

Architectural approval

Failure to approve/disapprove within 30 days after submission results in automatic approval (Section 8.02)

Signs & flags

Only one 'for sale' sign per lot, not more than 5 square feet; no other advertising signs, billboards; Builder exceptions during construction/sales (Section 3.02(d))

Insurance

Association shall keep insurable improvements and fixtures of Common Areas insured against fire for full replacement cost; may obtain other hazard insurance (Section 6.03)

Use restrictions

Each lot for private single-family residential purposes only; no subdivision of lot; one detached single-family residence not exceeding 2 stories with attached garage for not more than 3 cars; no temporary structures, trailers, tents, etc. (Section 3.01)

Voting & meetings

One vote per lot; Developer (owner of at least 36 lots) gets three votes per lot until 70% of lots sold to individual homeowners, then one vote per lot (Sections 4.03, 4.04; By-laws Article III)

Amendments

During first 18 months, amendment requires consent of Declarant and Builder; thereafter, amendment requires instrument signed by lot owners holding at least 70% of membership votes, plus consent of Builder if still a member; amendment must (Section 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.