Rarity Ridge Homeowners Association

Key facts from Rarity Ridge Homeowners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Homeowners Association) (Section 1.4 (Association) and overall st)

Legal name

Rarity Ridge Owners Association, Inc. (Section 1.4)

Developer / declarant

Oak Ridge Land Company, L.L.C., a Tennessee limited liability company (Signature page (page 675))

Assessments & dues

Not set in this document; General Assessments computed based on formula in Exhibit C, to fund Common Expenses. (Article 8 generally, especially Sections)

Special assessments

Yes – may be levied in accordance with Section 8.5 (Section 1.42, Section 8.5)

Collections & liens

Yes – Association may file liens for non-payment of assessments; fines also constitute a lien on the Parcel. (Section 4.3(a), Section 8.7)

Reserves & fees

Common Expenses may include any reasonable reserve as Board finds necessary (Section 1.8); District Expenses may include reasonable reserve for capital repairs (Section 1.18). Also reserve budget mentioned in Table of Contents (Section 8.4) (Sections 1.8, 1.18)

Leasing & rentals

Not explicitly addressed in excerpt. 'Leasehold Owner' defined (Section 1.26) for leases of 20+ years; Owners may assign rights to leasehold owners. (Section 1.26, Section 1.35)

Fences

Fences or walls regulated under Section 10.13. (Table of Contents (Section 10.13) – text)

Home business

Not explicitly addressed in excerpt. (Article 10 Use Restrictions (general))

Signs & flags

Regulated; Section 10.12 addresses signs. (Table of Contents (Section 10.12) – text)

Insurance

Owners' insurance addressed in Section 6.2 (text not excerpted). (Table of Contents (Section 6.2))

Use restrictions

Not exclusively; the Properties are mixed-use residential and commercial with office, retail, and other permitted uses under Zoning Ordinance. (Preamble (page 675))

Voting & meetings

Two classes: Class A (all Owners except Class B) with votes allocated per Exhibit C; Class B (Declarant) with special rights until Development Period ends. Voting Delegates may be elected per District. Voting Groups may be designated for di (Article 3 generally (3.2, 3.4, 3.5))

Amendments

Article 14.2 addresses amendment (text not excerpted); during Development Period Declarant has unilateral amendment rights (Section 13.7). Amendment also possible per Article 7.6. (Sections 14.2 (Table of Contents), 13.7,)

Amenities

Lakes (Article 2.3, Section 4.11), Private Amenities (Section 2.6), Common Areas include recreational and social facilities (Section 2.2 entry features, parks, etc.). Club membership and dues mandatory for Owners? Article 15 (Club Membershi (Sections 2.3, 2.6, Article 15 (from Tabl)

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