Oakmont (TN)

Key facts from Oakmont (TN)'s documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Development (Homeowners Association) (Oakmont P.D., Parcel 2, Phase 2; Associa)

Legal name

Oakmont Planned Development Homeowners Association #2, Inc.

Units / lots

116 (Page 2: "consisting of one hundred sixte)

Governing law

Tennessee Nonprofit Corporation Act, Tenn. Code § 48-51-101 et seq.; also Tenn. Code § 66-27-701 et seq. (leasing) and Tenn. Code § 48-57-108 (action without meeting) (Bylaws Art. I §2; Amendment Recitals)

Assessments & dues

Board sets all annual assessments in its absolute discretion. (Amendment ¶4)

Special assessments

Board may levy for construction, reconstruction, unexpected repair/replacement, or other necessary purposes. Not disapprovable by 2/3 vote of Members within 60 days. Over $1,000 per Lot (adjusted 3% annually from 2024) requires majority app (Amendment ¶5)

Collections & liens

Assessment lien subordinate to ad valorem taxes and first mortgages if assessments paid in full before mortgage recording. Foreclosure extinguishes lien for prior assessments if paid before mortgage recording. Lien attaches to excess procee (Amendment ¶8)

Pets

Cats and other household pets (dogs, cats, rabbits, birds, fish) allowed, not for commercial purpose, not unreasonable nuisance. No reptiles, wildlife, or farm animals. (Amendment ¶11)

Leasing & rentals

Prohibited for owners acquiring title after amendment recordation. Prior owners may lease except short-term. Exceptions for medical/health reasons (Board majority), temporary residence up to 6 weeks, foreclosure by institutional lenders, in (Amendment ¶15 (Article XII))

Parking & vehicles

Prohibited unless within enclosed garage. (Amendment ¶10)

Architectural approval

Architectural Review Committee (ARC) approval required for new trees, grading, removal of live trees, major front yard landscaping, irrigation systems, sodding. Replacement of dead/damaged trees/vegetation does not require approval. (Amendment ¶9; ¶16 (development approval )

Home business

Telecommuting permitted; recurring business activity prohibited unless no nuisance/traffic as determined by Board. (Amendment ¶1)

Maintenance

Owner responsible for repair/rebuild after casualty; if owner fails, Association may repair and charge owner with lien and interest. (Amendment ¶12)

Insurance

Association shall obtain and maintain commercial general liability insurance and directors & officers liability insurance as common expense. (Bylaws Art. VI §2)

Voting & meetings

One vote per Lot owned. Spouses jointly owning a Lot have one vote between them. Entities designate representative. (Bylaws Art. II §2)

Amendments

Declaration: proposed by Board majority or 10% of Members; approved by 67% of votes of Lot Owners (at least 78); executed by President and Secretary; recorded. Bylaws: same procedure. (Amendment ¶14; Bylaws Art. VIII §2, §3)

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