Villages of Riverwood

Key facts from Villages of Riverwood's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

CHAPEL RIDGE PARTNERS

Governing law

Tennessee Nonprofit Corporation Act (Charter, Exhibit B, reference to "Tennes)

Assessments & dues

Initial monthly assessment estimated at $10.00 per Lot per month (Article VII 7.09)

Special assessments

May be levied for construction, reconstruction, repairs, etc. with approval of membership at a meeting called on 10-30 days notice (Article VII 7.03)

Collections & liens

Unpaid assessment becomes a continuing lien on the Lot; Association may foreclose; power of sale after 21 days advertisement (3 weekly publications) and written notice; sale free from equity of redemption; proceeds applied to expenses, taxe (Article VII 7.05)

Reserves & fees

Annual expenses include cost of funding reserves (general operating reserve, reserve for replacements) (Article VII 7.02(d))

Pets

Dogs, cats or other household pets may be kept (Article III 3.03(c))

Parking & vehicles

All boats, motorcycles, trucks and recreational vehicles must be kept behind the dwelling and fenced/screened from view; not protruding beyond building line (Article III 3.03(l))

Fences

Fence material shall be wood; no chain link, stone or brick fence allowed (except entrance features to Subdivision) (Article III 3.03(n))

Architectural approval

Plans and specifications submitted; Committee must approve/disapprove within 30 days, otherwise deemed approved (Article VIII 8.02)

Signs & flags

Only one for sale sign per Lot, not exceeding 5 square feet; no advertising signs, billboards, unsightly objects (Article III 3.03(d))

Setbacks / home size

One detached single family residence not to exceed two stories (Article III 3.02)

Maintenance

Owner (as part of exterior maintenance) (Article VI 6.02 (implicitly covered unde)

Insurance

Association shall keep all insurable improvements and fixtures of Common Areas insured against loss or damage by fire for full replacement cost; may obtain other insurance (Article VI 6.03)

Voting & meetings

Each lot owner one vote; Declarant entitled to three votes per lot until last of sale of 70% of lots or lapse of 3 years from recording, then one vote per lot (Article IV 4.03; Charter Section 8)

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