Laurel Oaks (TN)

Key facts from Laurel Oaks (TN)'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development (P.U.D.) (Page 1, WHEREAS clause: "Laurel Oaks P.U)

Legal name

Laurel Oaks

Developer / declarant

Laurel Oaks, LLC

Assessments & dues

Maximum $25 per lot per month until December 31, 2007; thereafter determined by Board. (Article VII, Section 11 (page 12))

Special assessments

Required for capital improvements; requires assent of two-thirds of votes eligible to be cast. (Article VII, Section 3 (page 9))

Collections & liens

Unpaid assessments constitute a continuing lien on the lot; Association may foreclose by public sale after 21 days advertising (3 weekly publications) and notice to owner; sale free from equity of redemption. (Article VII, Section 5 (page 10))

Reserves & fees

Association may fund reserves including general operating reserve and reserve for replacements. (Article VII, Section 2(d) (page 9))

Pets

Yes, up to three domestic animals (e.g., dog or cat) allowed as pets. (Article IX, I (page 15))

Fences

All fences must be wood, brick, or ornamental metal; constructed in accordance with City of Germantown. (Article IX, F (page 15))

Architectural approval

Yes, prior written consent of Architectural Control Committee required for any structure, fence, barrier, exterior changes, landscaping, and new uses. (Article VIII, Section 2 (page 12-13))

Setbacks / home size

Building setback lines as shown on final plan and/or as required by City of Germantown. (Article IX, B (page 14))

Maintenance

Owner (exterior maintenance includes roof). (Article V, Section 2(b) (page 7))

Insurance

Deductible paid by party who would be responsible for repair in absence of insurance. (Article XI, Section 1 (page 17))

Use restrictions

All lots are residential; only single-family residence and garage allowed, not more than one detached building. (Article IX, A (page 14))

Voting & meetings

Each lot owner gets one vote per lot; Declarant gets three votes per lot for three years after first lot conveyance, then one vote per lot. (Article III, Section 2 (page 5); Bylaws )

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