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)

Fences

No fence or wall without prior written Architectural Control Committee approval, except as part of original construction by Developer (Article X, Section 4(C))

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)

Solar & roof

Modification of exterior materials or colors requires consent of owners of all attached Living Units and Tellico Village Townhouse Association (Article VII, Section 3)

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.