Duncan Woods Homeowners Association

Key facts from Duncan Woods Homeowners Association's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Duncan Woods Homeowners Association, Inc.

Governing law

Tennessee law (referenced as 'Act' and 'applicable law') (Article IV.K, Article VII.I, Article VII)

Assessments & dues

$600.00 per year per lot, payable January 1 each year, beginning with purchase of first lot, prorated on fiscal year basis. After Developer Control Period, Board adopts budget and sets assessments. (Article VII.A, VII.B)

Special assessments

Board may levy special assessment for repair/replacement of common areas or other lawful purposes, apportioned like regular assessments, with assent of two-thirds of all votes eligible to be cast by all lot owners (Article VII.C)

Reserves & fees

Board must establish and maintain reasonable reserves for periodic maintenance, repair, replacement of common property out of annual assessments (Article VII.D)

Leasing & rentals

Not specifically addressed in the extracted sections. (Not mentioned)

Parking & vehicles

Not specifically addressed beyond general 'obstruction of Common Property' (no obstruction) and rules of conduct regarding noise. No dedicated parking rules found. (Article VIII.E, VIII.H)

Amendments

After Developer Control Period, Bylaws may be altered, repealed, or new Bylaws made at duly held meeting with written notice, quorum present, by affirmative vote of votes of Association; absent directors and members may express approval in (Article XI)

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