Providence Place (TN)

Key facts from Providence Place (TN)'s documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Assessments & dues

Board of Directors estimates the sum required and each Member pays the Pro Rata Portion (Land Area of Parcel / total Land Area of Project, excluding Common Areas). (Section 13.2, Section 1.1(w))

Special assessments

Special assessments may be levied for capital improvements, replacements, or repairs. (Section 13.1(ii) and Section 13.3 (menti)

Collections & liens

A Notifying Owner may record a Claim of Lien against a Defaulting Owner's Parcel for unpaid assessments or costs, including interest, costs, and attorneys’ fees. Lien is junior to prior recorded deeds of trust. Foreclosure in same manner as (Section 10.4)

Reserves & fees

Owner's Association may fund reserves, including general operating reserve and/or reserve for replacements, as part of annual expenses. (Section 13.2(d))

Signs & flags

Each Owner may place signs on its Parcel permitted in advance by Architectural Committee and applicable Legal Requirements. Controlling Owner may construct Shared Signs with panels allocated to occupants. (Section 2.4)

Voting & meetings

Each Parcel is represented by a Representative Member who casts one (1) vote per acre of Land Area; Developer and Developer’s Affiliates receive five (5) votes per acre. Votes must be cast as a whole per Parcel. (Section 12.3)

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