Villas at Port Royal Homeowners Association

Key facts from Villas at Port Royal Homeowners Association's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (single family attached residences) (Recitals: 'residential community consist)

Governing law

Tennessee nonprofit corporation law (implied) (Association defined as Tennessee nonprof)

Assessments & dues

Board prepares Operating Budget and Capital Budget; sets Assessments accordingly; delivered to Owners at least 10 days before annual meeting (Article IX, Section 3)

Special assessments

Allowed for capital improvements, unexpected repair, etc.; must be approved by simple majority of Members present and voting unless for specific Lots; exceptions for maintenance default and Article V, Section 4 (Article IX, Section 4)

Collections & liens

Lien for Assessments and Fines; trust conveyance with power of sale after 20 days publication; Association may bid at sale; personal obligation also (Article IX, Section 5)

Reserves & fees

Required; Board annually prepares Capital Budget and sets capital contribution; separate reserve accounts to be established (Article IX, Section 6)

Leasing & rentals

Section exists (Article XI, Section 3) but text not provided; presumed allowed with restrictions? (Table of Contents: 'Restriction on Renta)

Fences

Privacy walls, fences, gates subject to review (Article X, Section 3(c)(iv)); no specific height/material (Article X, Section 3(c)(iv))

Architectural approval

Yes, prior written approval of Design Review Committee required for any construction, modification, addition, alteration on a Lot, and for changes to Common Area (Article X, Section 1; Section 3(a))

Maintenance

Owner responsible for roof maintenance (Article IV, Section 2: 'roofs and structural components') (Article IV, Section 2)

Insurance

Reasonable deductible allowed; amount added to face amount for determining full replacement cost (Article V, Section 1(c)) (Article V, Section 1(c))

Use restrictions

Yes, each Lot shall be used as a residence and for no other purposes (Article XI, Section 1(a): 'each Lot shal)

Voting & meetings

Each record owner of a Lot is a member; membership appurtenant to fee interest (Article III, Section 1: 'Every Person wh)

Amendments

Amendments may be made as per Article XII, Section 2 (not detailed in excerpt); special provisions for FNMA/FHLMC amendments (Article XIV, Section 5) (Article XII, Section 2; Article XIV, Sec)

Amenities

Common Area includes open space, pedestrian bridges, parking areas, lakes, waterways, landscaping, irrigation, fences, structures, sidewalks, signage, walls, monuments, illumination, common utilities, storm water system, wells, fountains (A (Article I, Section 7)

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