Village at Carter's Station Homeowners Association

Key facts from Village at Carter's Station Homeowners Association's documents

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

Community type

Horizontal Property Regime (condominium-like) under the Act; Association is the Village at Carter's Station Homeowners Association, Inc. (Opening recital and Article I, Section 3)

Developer / declarant

Village at Carter's Station Development, LLC, a Tennessee limited liability company (Opening recital and Article I, Section 1)

Governing law

Tennessee Horizontal Property Act, T.C.A. §66-27-101 et seq. (Article I, Section 1 (Definitions: 'Act')

Assessments & dues

Set annually by Board based on Operating Budget and Capital Budget; not fixed in declaration (Article IX, Sections 1, 3)

Special assessments

May be levied by Board for capital improvements, unexpected repair/replacement, or to reimburse for maintenance; requires approval of simple majority of Members present and voting or of directly affected Owners (except certain types) (Article IX, Section 4)

Collections & liens

Lien for Assessments and Fines is retained on each Unit; prior and superior to all liens except taxes, bonds, assessments, first mortgage liens; trust conveyance to Trustee for foreclosure by advertisement (Article IX, Section 5)

Reserves & fees

Capital Budget includes reserve fund for capital needs; separate reserve accounts for Common Maintenance Units (Article IX, Section 6)

Fences

Privacy walls, fences, gates require Design Review Committee approval (Article X, Section 3(c)(v))

Architectural approval

Prior written approval of Design Review Committee required for any construction, modification, alteration, or addition affecting exterior; interior modifications not affecting exterior are exempt (Article X, Sections 1, 3(a), 3(d))

Signs & flags

Signage of any type is subject to Design Review Committee approval; regulated in Design Code (Article X, Section 3(c)(viii))

Maintenance

On Common Maintenance Units, Association maintains roof covers (repair, replacement of trim, caulking, gutters, downspouts); Owner responsible for interior damage from roof leaks (no Association obligation for interior structural damage) (Article IV, Section 1(a), (d))

Insurance

Reasonable deductible allowed; amount added to face amount to determine if full replacement cost is met (Article V, Section 1(c))

Voting & meetings

Each record owner of a fee interest in any Unit is a Member; membership appurtenant to Unit; voting rights per Bylaws (not detailed in excerpt) (Article III, Section 1; Article I, Secti)

Amendments

Not fully detailed in excerpt; amendment referred to in Article XII, Sec.2 (not provided); requires at least 67% vote of Directors to mortgage Common Elements (Art.VIII, Sec.1); certain articles (e.g., Art.XV) cannot be amended without City (Article VIII, Sec.1; Article XV, Sec.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.