Rucker Park Homeowners Association

Key facts from Rucker Park Homeowners Association's documents

Community type

homeowners_association – Rucker Park Subdivision Homeowners' Association, Inc. (Page 2, opening paragraphs)

Developer / declarant

RBF INVESTMENTS, LLC, a Tennessee limited liability company (Page 1, first paragraph)

Governing law

Tennessee non-profit corporation law (implicitly) (Association formed as a Tennessee non-pr)

Assessments & dues

Not fixed; set annually by Board based on budget (Base Assessment) (Article X, Section 2)

Special assessments

Special Assessments may be levied with affirmative vote of 51% of total votes and Class B consent; also for violation compliance and Attached Common Element repair without a vote of members. (Article X, Section 3)

Collections & liens

Unpaid assessments become a lien on the lot. Trustee may sell lot at public outcry after 20 days notice by publication. Proceeds applied to costs, taxes, mortgage, assessments, remainder to owner. Association may bid at sale. (Article X, Section 4)

Reserves & fees

Capital budget may include a reserve fund. (Article X, Section 5 (Capital Budget and)

Pets

Dogs, cats, or other usual household pets permitted, not to exceed a total of two per Lot. (Article XII, Section 4)

Leasing & rentals

Leasing is permitted; Owner who leases is deemed to delegate common area rights to lessee. (Article II, paragraph 2)

Architectural approval

Board must approve or disapprove within 45 days; if no response, plans deemed approved. Cannot approve plans violating use restrictions or City Requirements. (Article XI, paragraph 1)

Home business

Not explicitly prohibited, but only 'related purposes' allowed; likely restricted. (Article XII, introductory paragraph)

Insurance

Reasonable deductible; paid by party liable for loss/repair in absence of insurance; allocated among multiple parties proportionally. (Article V, Section 1 (third paragraph))

Use restrictions

The Subdivision shall be used only for residential, recreational, and related purposes (including property manager or Declarant offices). (Article XII, introductory paragraph)

Voting & meetings

Two classes: Class A (one vote per lot) and Class B (Declarant, 30 votes per lot owned). Class B voting ends upon conversion to Class A. (Article III, Section 2(a) and (b))

Amendments

Not fully detailed; but Declarant may unilaterally amend to remove property from Declaration. Other amendments likely require member vote (not explicitly stated). (Article II, paragraph 3 (Declarant's res)

Amenities

Common Areas include community swimming pool(s), walking trails, ponds, waterways, and other common amenities. (Article I, Section 11)

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