Braystone Park Homeowners Association

Key facts from Braystone Park Homeowners Association's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Article I Section 1 - Association define)

Developer / declarant

Bray Station, L.L.C., a Tennessee limited liability company (First page of Declaration, and Article I)

Governing law

Tennessee Nonprofit Corporation Act (Charter, paragraph referencing the Act)

Assessments & dues

Initial annual assessment set by Declarant; thereafter set by Board. (Article IV, Section 3)

Special assessments

Allowed with assent of two-thirds (2/3) of total votes in person or by proxy at a meeting duly called. (Article IV, Section 4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot. Association may foreclose via power of sale after 21-day advertisement (3 weekly publications) and written notice to Owner. Sale subordinate to prior recorded mortgages. (Article IV, Section 9 (detailed provisio)

Reserves & fees

Board may establish reserves for repairs or replacements of Common Open Space. (Bylaws Article V, Section 3(a))

Pets

Dogs, cats and other household pets may be kept, provided they are not bred or kept for commercial purposes. (Article V, Section 15)

Fences

Fences must be wood, brick, plastic or ornamental metal, not exceeding 6 feet in height. No chain link unless within wood fence. No fence in front setback or side setback corner lots. On common boundary with Common Open Space, must be 6 ft (Article V, Section 8(b))

Architectural approval

If ACC fails to approve or disapprove within 30 days after receiving all required information, approval is deemed given. (Article V, Section 8 (last paragraph bef)

Setbacks / home size

Building setback lines as shown on final plat; may be reduced by ACC under special circumstances but not less than Collierville/Shelby County zoning regulations. (Article V, Section 5)

Insurance

Board shall maintain casualty/physical damage insurance on all buildings and other improvements owned by the Association for at least 100% of full value if available at reasonable cost, and also public liability, workers compensation, and o (Article IV, Section 13(a))

Use restrictions

All lots are known and described as residential lots. (Article V, Section 2)

Voting & meetings

Each Owner has one vote per Lot. Declarant initially 360 votes, decreases by one per Lot sold, reduces to one vote per Lot owned upon earlier of (a) total votes equal non-Declarant votes or (b) Declarant's sole discretion. (Article III, Section 2 of Declaration an)

Amendments

By affirmative vote of Owners holding at least two-thirds (2/3) of the votes of membership. Declarant may unilaterally amend to meet mortgage lender or governmental agency requirements, or for any reason in Declarant's sole discretion for o (Article VI, Section 2)

Amenities

Common Open Space includes fences, stone columns, lakes/ponds. Declarant may add athletic courts, swimming pool, clubhouse, etc. (Article I, Section 2)

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