Highland Point

Key facts from Highland Point's documents

Community type

Residential Subdivision with Homeowners Association (Page 1 WHEREAS; Art I 1.01 Association d)

Developer / declarant

LATTING ROAD PARTNERS, LLC

Governing law

Tennessee Nonprofit Corporation Act (Exhibit B Charter paragraph 1 and 12.e)

Assessments & dues

Initial estimated monthly assessment $10.00 per Lot (i.e., $120 per year per Lot) (Art VII Sec 7.09 'initial monthly assess)

Special assessments

May be levied for a single year for construction, reconstruction, repair, replacement or other purposes deemed necessary by Board; requires approval of Membership at a meeting called with 10 to 30 days written notice. (Art VII Sec 7.03)

Collections & liens

Unpaid assessments become a continuing lien on the Lot; Association may foreclose by public sale after 21 days advertising (three weekly publications) and written notice; power of sale granted to Board; sale subject to prior mortgages; proc (Art VII Sec 7.05)

Reserves & fees

Cost of funding all reserves (including general operating reserve and/or reserve for replacements) is part of annual expenses. (Art VII Sec 7.02(d))

Voting & meetings

Each Lot Owner one vote per Lot; Developer (LATTING ROAD PARTNERS, LLC) entitled to three votes per Lot until sale of 70% of Lots to individual residential homeowners, then one vote per Lot. (Art IV Sec 4.03; By-Laws Art III Sec 2)

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