Twelve Oaks Pud

Key facts from Twelve Oaks Pud's documents

Community type

Twelve Oaks Planned Unit Development (Opening recitals: 'TWELVE OAKS PLANNED U)

Legal name

TWELVE OAKS OF MEMPHIS HOA, INC.

Governing law

Tenn. Code § 48-57-108 (First Amendment and Second Amendment: 'i)

Assessments & dues

Regular assessment fixed at uniform rate by Association at annual meeting for each calendar year (Declaration Article V Section 3)

Special assessments

May be levied for capital improvements or unexpected repairs; requires affirmative vote of 2/3 of members present or proxied at a meeting with 10-30 days notice (Declaration Article V Section 4)

Reserves & fees

5% penalty if not paid within 10 days after due date (Declaration Article V Section 8)

Voting & meetings

One vote per Lot (Declaration Article III and Bylaws Artic)

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