Cantebury Knolls

Key facts from Cantebury Knolls's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Master Deed establishing horizontal prop)

Legal name

Canterbury Knoll Condominiums Association

Developer / declarant

C & J Regional Properties, LLC

Governing law

Horizontal Property Act of the State of Tennessee, Tennessee Code Annotated Section 64-2701 et seq. (Preamble and Article I, Section 17)

Assessments & dues

Fixed by Board of Directors not exceeding maximum; maximum can be increased up to 5% per year without vote (Master Deed Article VIII, Section 3(a) a)

Special assessments

Permitted; Board may levy special assessment to cover deficiency in insurance proceeds for repair/rebuilding (Master Deed Article VIII, Section 11 (pa)

Collections & liens

Annual assessment is a continuing lien; Association may foreclose like a mortgage; lien subordinate to first mortgage (Master Deed Article VIII, Section 1 and )

Reserves & fees

Penalty of twenty percent (20%) of delinquent assessment if not paid within ten (10) days after due date (Master Deed Article VIII, Section 8, Sec)

Pets

Yes, dogs, cats or other household pets may be kept in units, subject to rules and regulations adopted by Association (Master Deed Article V, Section 6)

Leasing & rentals

Yes, but entire unit must be leased; no portion may be leased (Master Deed Article V, Section 15)

Parking & vehicles

Strictly prohibited to store or park house trailer, camper, pleasure or fishing boat, motor, trailer on or about any unit (Master Deed Article V, Section 9)

Architectural approval

Yes, for any building, fence, wall, or other structure, or any exterior addition/change/alteration; plans must be submitted to Association or architectural committee (Master Deed Article IX, Section 1)

Maintenance

Association (exterior maintenance includes roofs) (Master Deed Article VII, Section 1)

Insurance

Association obtains insurance for all buildings (including units and interiors) against fire/hazards for full replacement cost; broad form public liability for common areas; may include vandalism (Master Deed Article VIII, Section 11)

Voting & meetings

One vote per condominium interest; until three-fourths (3/4) of units sold, Developer entitled to three (3) votes per unit owned. (Master Deed Article IV, Section 2 and By)

Amendments

Master Deed: instrument signed and acknowledged by owners holding 75% of total vote, effective upon recordation. By-Laws: two-thirds (2/3) vote of members at regular or special meeting. (Master Deed Article XVII; By-Laws Articl)

Amenities

General common area may include recreational facilities; Association may charge admission fees (Master Deed Article II, Section 3(a))

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