Magnolia One Homeowners Association

Key facts from Magnolia One Homeowners Association's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) (Entire document – Association is a homeo)

Legal name

Magnolia ONE Homeowners Association, Inc. (Article I §2)

Units / lots

Not explicitly stated; references to Lots 1,2,20,10,17 suggest at least 20 lots, but no total given (Article III §4(a) and elsewhere)

Governing law

Not explicitly stated; Association is a Tennessee non-profit corporation – likely governed by Tennessee Nonprofit Corporation Act (Article II §2: formed under the laws of )

Assessments & dues

Not fixed; set by Developer in its sole discretion until transfer of governing authority; thereafter set by Board, subject to 75% member vote to change (Article V §4)

Special assessments

Allowed with assent of 75% of Members present or by proxy at a duly called meeting with 30 days written notice (after transfer from Developer). During Developer control, Developer may levy special assessments without member vote? Not explic (Article V §5)

Collections & liens

Association has a lien on each Lot for unpaid assessments, effective upon closing of Lot; may be foreclosed as other liens in Tennessee (Article V §9)

Reserves & fees

Penalty and interest after 30 days late (rate set by Board) (Article V §8(b): 'shall be considered la)

Pets

Yes – dogs, cats, other household pets; no poultry, livestock; no commercial purposes; no kennels/runs/doghouses without written consent; unreasonable number determined by Board; dangerous pets removed; muzzle barking pets (Article III §21)

Leasing & rentals

Yes, with minimum lease term of one year; month-to-month allowed only after expiration of one-year lease; Owner responsible for tenant compliance (Article III §54)

Fences

All fences must be approved; no privacy, wire, wood, chain link; vinyl, wrought iron, or aluminum in black allowed; no closer to street than front elevation; max 6 ft height; design may be required if adjoining Common Properties (Article III §14)

Architectural approval

Yes – for any building, alteration, tree removal, grading, etc. Application with site plan, landscape plan, building plans required. Developer has review authority initially; may transfer to Architectural Review Committee. Fee $250 initiall (Article IV §1)

Signs & flags

One lot for sale sign and one builder sign per Lot (approved form); no other signs except by Developer/Association (Article III §17)

Setbacks / home size

Minimum 2,400 square feet living area, excluding basement and garage, for most lots; Lots 1, 2, and 20 may be less; no split foyers allowed (Article III §4)

Use restrictions

Yes – all Lots are residential; no multi-family; no business except limited home business (Article III §2 and §3)

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