Cottages at Sycamore Ridge Homeowners Association

Key facts from Cottages at Sycamore Ridge Homeowners Association's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Horizontal Property Regime under Tennessee Horizontal Property Act (Recitals: 'submit the Property ... to th)

Legal name

Cottages at Sycamore Ridge Homeowners Association, Inc. (Article I, Section 3)

Developer / declarant

Creekside Terrace, LLC, a Tennessee limited liability company (Opening paragraph and Article I, Section)

Governing law

Tennessee Horizontal Property Act, T.C.A. § 66-27-101 et seq. (Article I, Section 1)

Assessments & dues

Board prepares Operating Budget and Capital Budget; sets Assessments based on those budgets; budget delivered to Owners at least 10 days prior to end of prior budget year (Article IX, Section 3)

Special assessments

Board may levy Special Assessments for any year; also for costs incurred due to Owner's failure to maintain; also under Article V, Section 4 and Article XII, Section 6(f) (Article IX, Section 4)

Collections & liens

Lien in favor of Association for Assessments and Fines; trust conveyance to Trustee; can foreclose via power of sale (20 days' notice, three publications); also suit for money judgment permitted; personal obligation of Owner (Article IX, Section 5)

Reserves & fees

Capital Budget includes capital contribution for reserves; Association maintains reserve fund (Article IX, Sections 3 and 6)

Pets

Only cats and dogs (domestic) permitted; no animals raised, bred, or kept for commercial purposes; must live inside residence (Article XI, Section 1(i))

Use restrictions

Each Unit shall be used as a single-family residence and for no other purpose; Common Elements for recreational, social purposes directly related to residential use (Article XI, Section 1(a))

Amendments

Declaration may be amended as per Article XII, Section 2 (details not fully provided) (Article XII, Section 2 (table of content)

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