Stratford Hall Homeowners Association

Key facts from Stratford Hall Homeowners Association's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) (Title and throughout)

Governing law

Tennessee Nonprofit Corporation Act (implied by formation of Association as Tennessee nonprofit corporation) (Article I, Section 2; Amendment recitals)

Assessments & dues

Initial annual assessment set by Board budget; may be increased not more than 10% per annum without two-thirds vote of members (Article IX, Section 1 (last paragraph))

Special assessments

Permitted; requires approval by (a) 67% of each class present and voting at a meeting, or (b) 67% of Unit Owners directly affected (Article IX, Section 3)

Collections & liens

Association has a lien on each Residential Unit for unpaid assessments, prior to all except taxes and first mortgage; foreclosure via trustee sale after noticed publication; power of sale (Article IX, Section 4)

Reserves & fees

Capital reserve required; capital budget prepared annually; capital contributions fixed by Board (Article IX, Section 5)

Pets

Yes, total of two dogs and/or cats per unit; no breeding or commercial purposes; no livestock, fowl, or poultry unless nuisance determination (then must be removed) (Article X, Section 1(h))

Home business

Allowed only with prior written approval of the Board; Board considers negative impact on properties (Article X, Section 1(q))

Signs & flags

Generally prohibited except: (1) directional/emergency signs by Declarant/Association; (2) Declarant's sales signs; (3) one sign per owner up to 6 sq ft per side advertising sale of that unit (Article X, Section 1(e))

Insurance

Townhouse unit owners must maintain fire and hazard insurance on their units; also required to name Association as additional insured on liability policies for their units (Article V, Section 1 (paragraph regardin)

Use restrictions

Residential Units shall be used as a single-family residence only (Article X, Section 1(a))

Voting & meetings

Two classes: Class A (one vote per Residential Unit owned); Class B (Declarant, initially 4 votes per unit owned, converts to Class A upon earlier of Jan 1, 2009 or sale of 90% of units) (Article III, Section 2)

Amendments

For first 10 years, Declarant may amend unilaterally; thereafter by affirmative vote (in person or proxy) or written consent of 50% or more of eligible members; no amendment may remove/modify rights of Declarant without written consent (Article XI, Section 2)

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