Greystone (TN)

Key facts from Greystone (TN)'s documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Development (P.D.) (Title)

Developer / declarant

Greystone General Partnership (Preamble)

Assessments & dues

Fixed by Board of Directors for each calendar year; regular assessments become a lien on Jan 1 of that year (Article IX Section 3)

Special assessments

Requires affirmative vote of at least 51% of total votes, cast in person or by proxy at a meeting called with 10-60 days written notice (Article IX Section 4)

Collections & liens

Yes; Association may bring action in equity to enforce lien or sell Lot at public outcry after 21 days advertising in newspaper; sale subordinate to prior mortgage/deed of trust (Article IX Section 9(b))

Reserves & fees

Mentioned: cost of funding reserves for replacements and operating reserve (Article IX Section 2(d) 'cost of funding)

Pets

Yes (dogs, cats, other household pets), not for commercial purpose (Article VII(k))

Parking & vehicles

Prohibited from being stored or parked on Lot unless in closed garage or concealed (Article VII(g))

Fences

Fences require Architectural Committee approval (as Improvement) (Article V Section 1 'fence' included in )

Architectural approval

Yes, for any Improvement or change, including construction, alteration, fence, driveway, walkway, landscaping, mailbox, outdoor lighting, sewer, swimming pool, tree removal (6 inch caliper or larger), etc. (Article V Section 1)

Home business

Prohibited, except Declarant's business activities during development and sales period (Article VII(h))

Signs & flags

Regulated by Architectural Committee; non-Declarant real estate 'for sale' or 'built by' signs regulated as to content, size, color, typeface, location (Article VII(h) last sentence)

Setbacks / home size

Minimum front yard 45 feet, side 10 feet; may be modified by Architectural Committee (Article VII(e) 'forty five (45) feet for)

Maintenance

Owner responsible (roof included in 'exterior walls of dwellings, doors, windows, roofs' etc.) (Article VI Section 1 'including...roofs')

Insurance

Association must obtain bodily injury and property damage liability insurance, workers compensation, fidelity coverage, and such other insurance as Board deems appropriate (including Directors and Officers liability) (Article XI Section 12)

Use restrictions

Yes, single-family residence purposes (Article VII(b) 'None of said Lots shall )

Voting & meetings

One vote per Lot; Declarant gets two votes per Lot until 75% of lots conveyed, then one vote per Lot (Article III Section 1)

Amendments

Subject to limitations, may be amended by instrument signed by Members having at least 75% of total votes; effective upon recording (Article XI Section 4)

Amenities

Common Area includes walls, private roadways, pedestrian ways, gates, guardhouse, ancillary structures, common parking areas, private sewer and drainage, landscaping, irrigation, street lights, walking paths, parks, benches, bridge, etc. (Article VI Section 1; Article XII Sectio)

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