Preserve Pud

Key facts from Preserve Pud's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

West Land Company, LLC

Governing law

Laws of the State of Tennessee (Bylaws, Art. XII, Sec. 7: "the provision)

Assessments & dues

Board of Directors shall assess each Owner with its prorata share of operating expenses, prorated by dividing total expenses by number of Lots in the Development. Assessments made no less than annually. (Bylaws Art. V, Sec. 3(e))

Collections & liens

Delinquent assessment becomes a continuing lien on the Lot. Board may record notice, and foreclose by power of sale after 21 days advertising (three weekly publications) and written notice to owner. Sale free from equity of redemption. Proc (Bylaws Art. VIII, Sec. 5 and Sec. 6)

Reserves & fees

Board may provide for care and upkeep of common features, including establishing reserves for repairs or replacements. (Bylaws Art. V, Sec. 3(a))

Architectural approval

Exterior maintenance is subject to approval of the Architectural Control Committee. (Bylaws Art. VIII, Sec. 2)

Maintenance

Owner responsible for interior and exterior of improvements on his Lot. Association responsible for common open space and common features (walls, fences, entrance features, landscaping, lighting). (Bylaws Art. VIII, Sec. 2 (owner) and Art)

Voting & meetings

Class A (owners): one vote per lot. Class B (Declarant): number of votes per lot owned equals total number of lots in Development plus one; adjusted upon Future Phases. Class B ceases after Initial Development Phase but may be reinstated. (Bylaws Art. III, Sec. 2)

Amendments

Declaration: Covenants run until Jan 1, 2030, then auto extend for 10-year periods. Amendment prior to or on that date requires simple majority of owners (one vote per lot). However, Developer may amend unilaterally as long as it retains an (First Amendment, Section 3 (amending Art)

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