Downtown Ymca Lofts a Condominium

Key facts from Downtown Ymca Lofts a Condominium's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Article II)

Legal name

Downtown YMCA Lofts Condominium Association, Inc. (Article I (Association definition))

Governing law

Tennessee Horizontal Property Act, T.C.A. § 66-27-101 et seq. (Recitals and Article I (Condominium Act )

Assessments & dues

Not set in declaration; determined by Association (Article IX (Assessments))

Special assessments

Defined in Article I as a type of Assessment; authority presumably in Article IX (Article I (Assessment definition include)

Collections & liens

Association has lien rights for unpaid assessments and for costs of limited common element repairs performed by Association (Art. III Sec. G(2), and likely Art. IX) (Section 3.3(G)(2) and Article IX)

Reserves & fees

Common Expenses include all reserves required by Condominium Act or established by Association (Article I (Common Expenses definition))

Leasing & rentals

Yes, subject to Article X provisions (text not fully provided) (Article X, Section 10.9 and Table of Con)

Architectural approval

Not explicitly; but alterations require authorization in writing (Section 3.3(e)(3)), and Association may set uniform requirements (e.g., HVAC). Likely ARB exists but not detailed. (Section 3.3(e)(3) and Section 14.2 (Alte)

Home business

Not explicitly; professional use may permit certain businesses (Section 13.1)

Signs & flags

Developer may erect signs for sales (Section 3.11); owner sign restrictions not mentioned, likely prohibited (Section 3.11)

Maintenance

Roof is not part of condominium; owned by Commercial Property Owner (Section 3.3(C): 'exterior walls and roof)

Insurance

Association must maintain adequate insurance for Association property, common elements, and condominium property required by law or declaration (Section 3.3(H)). (Section 3.3(H))

Use restrictions

Not explicitly in provided text (N/A)

Voting & meetings

Each Unit Owner is entitled to one vote per Unit. (Article V, Section B: 'Each Owner of a U)

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