Walnut Creek (TN)

Key facts from Walnut Creek (TN)'s documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Article I Section 1: Walnut Creek Homeow)

Developer / declarant

Walnut Creek Homeowners Association, Inc. (Article I Section 2)

Assessments & dues

Board of Directors estimates annual expenses and sets each Member's proportionate share. (Article VII Section 2)

Special assessments

May be levied with assent of 2/3 of total votes eligible to be cast, after written notice 10-30 days in advance. (Article VII Section 3)

Collections & liens

All assessments are a continuing lien on the lot. Board may sell lot at public outcry after 21 days advertisement (3 weekly publications), subordinate to prior mortgages. Proceeds: first expenses, taxes/mortgages, then Association, then own (Article VII Section 5)

Reserves & fees

Association may fund reserves including general operating reserve and/or reserve for replacements. (Article VII Section 2 (4))

Pets

Household pets (dogs, cats) allowed, not for commercial purposes. (Article IX Section 2.18b)

Parking & vehicles

Long-term street parking not allowed due to narrow streets; City of Memphis ordinances enforced. (Article IX Section 2.15)

Fences

Fences require PMOC approval. Party wall fencing shared responsibility. Fence entirely within lot is owner's responsibility. Shared fence on property line: costs shared proportional to benefit (Article VI). (Article VI, Article IX Section 2.5, Arti)

Architectural approval

Yes, from Property Management Oversight Committee (PMOC) for structures, fences, alterations, changes in exterior appearance. (Article VIII Section 3)

Home business

Telecommunication work styles allowed if no exterior signs or customer parking. (Article IX Section 2.8)

Signs & flags

One 'For Sale' or 'For Rent' sign per lot, max 5 sq ft, must be removed within 3 days. No billboards. Security signs allowed (6x6 inches). Yard treatment signs removed within 48 hours. Political signs limited to one per yard, removed within (Article IX Section 2.9a-d, f)

Use restrictions

Yes, except as permitted by zoning laws. (Article IX Section 1)

Voting & meetings

One vote per Lot owned. If ownership changes within 30 days of scheduled vote, that lot has no vote for that meeting. Must be current in dues and not in violation to vote. (Article III Sections 2, 4)

Amendments

Declaration may be amended by affirmative vote of 60% of eligible votes cast at a meeting called for that purpose. Amendments may be proposed by Board or by petition of at least 30% of votes. Must be recorded with Shelby County Registrar. (Article X Section 1)

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