Tanasi Cove Villas Townhouse Owners Association, Inc.

Key facts from Tanasi Cove Villas Townhouse Owners Association, Inc.'s documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhouse Owners Association (Throughout; e.g., Tanasi Cove Villas Tow)

Legal name

Tellico Village Townhouse Association, Inc.

Developer / declarant

Cooper Communities, Inc.

Assessments & dues

$300.00 per Lot or Living Unit (initial maximum, until January 1 following recordation) (Article VI, Section 3)

Special assessments

Allowed with assent of majority vote of each class of members, for capital improvements, repairs, etc. (Article VI, Section 4)

Collections & liens

Assessments are a continuing lien on the Lot or Living Unit; Association may foreclose lien or bring personal action (Article VI, Sections 1, 7)

Leasing & rentals

Yes, with written lease of at least 6 months; copy to Association; owner remains jointly and severally liable; lessee obtains easement of enjoyment (Article IV, Section 6)

Architectural approval

Yes, for modifications to exterior design, materials, colors; fences; clothes lines; garbage pails; signs (Developer); and repair/reconstruction plans (Article VII, Section 3; Article X, Secti)

Signs & flags

Developer may erect signs with Architectural Control Committee approval; no general sign regulation for owners (Article IV, Section 5(G))

Maintenance

Owner (part of exterior maintenance) (Article VII, Section 2)

Voting & meetings

One vote per Lot or Living Unit owned; Developer has sole voting during control period; thereafter members elect board (Article III, Section 2)

Amendments

By instrument signed by 2/3 of total qualified votes of Townhouse Owners, recorded 3 years before effective date, with 90 days notice to owners (Article XI, Section 1)

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