Princeton Court

Key facts from Princeton Court's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Development (P.D.) Subdivision (Page 1 title: 'PRINCETON COURT P.D. SUBD)

Legal name

Princeton Court Homeowners Association, Inc.

Units / lots

Not explicitly stated; however, references to 'each Lot' and 'all Phases' (Article 1.E defines Lot; Article 4.G men)

Assessments & dues

Board of Directors determines amount at least 30 days in advance of each annual assessment period, and may do so more frequently. Written notice sent to every Owner. Due dates established by Board. (Article 7.C, Page 8)

Special assessments

May be levied in any assessment year, applicable to that year only, for construction, unexpected repair, or other purposes Board considers necessary. Requires assent of Members representing 3/4 of total votes eligible to be cast. Meeting mu (Article 7.D, Page 8)

Collections & liens

Unpaid assessments become a continuing lien on the Lot. Board may record notice of lien. Association may bring action at law or equity, or foreclose lien. Power of sale granted for unpaid assessments of at least $4,000 or two years' annual (Article 7.F, 7.G, 7.H, Pages 9-10)

Reserves & fees

10% of total annual assessment due if not paid within 10 days after due date. (Article 7.G, Page 9-10)

Pets

Dogs, cats, and other household pets may be kept, provided not kept, bred, or maintained for commercial purpose. (Article 12.S, Page 18)

Leasing & rentals

Generally prohibited. Exceptions: (1) owners who had a lease as of date of recording of this amendment (Already Existing Leases) may continue and renew for an additional 5 years after expiration, subject to conditions; (2) holders of mortga (Article 13.A and 13.B, Pages 19-21)

Parking & vehicles

Overnight parking prohibited on any street/road within Association or overflow parking area. (Article 12.R, Page 18)

Fences

Fences must be of wood, brick, or ornamental metal material, or combination. No fence closer to street than building setback lines. Wood fences must be two-sided or shadow-box design. (Article 12.K, Page 17)

Architectural approval

Prior written consent of Association Board required for any addition, alteration, or improvement to exterior of existing improvement on a Lot, including construction, renovation, installation of house, fences, outbuildings, playgrounds, and (Article 8.A and 8.C, Page 12)

Signs & flags

All signs, billboards, advertising structures prohibited except for two (2) professional signs of not more than 16 sq ft each to advertise a lot or house for sale. No signs nailed or attached to trees. Association Board may place signs on c (Article 12.T, Page 18-19)

Setbacks / home size

All lots must conform with setback lines as shown on final plat and as required by City of Memphis. (Article 12.J, Page 17)

Use restrictions

All Lots shall only be used as detached single family residences. (Article 12.B, Page 16)

Voting & meetings

Each Owner of a Lot is entitled to one vote for each Lot owned. Voting at meetings requires a 3/4 majority of total votes cast (provided quorum exists) to decide a question, unless statute or Charter requires different vote. Members delinqu (Article 4.B, 4.D, Page 4-5)

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