Horse Creek Farms Homeowners Association

Key facts from Horse Creek Farms Homeowners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Horse Creek Farms (Phase II) Owners' Association, Inc.) (Section 1.1)

Developer / declarant

Horse Creek, LLC, a Tennessee limited liability company (Preamble, first paragraph)

Assessments & dues

Board budgets and allocates Common Expenses among Units; assessments are based on budget (Section 8.1)

Special assessments

Permitted; may be levied by Board without vote in certain circumstances (e.g., insurance shortfall) or with vote as per Article 8 (Section 8.4 and Section 7.4(a) last para)

Collections & liens

Assessments constitute a lien on the Unit; fines also constitute a lien (Section 8.7 and Section 7.4(a)(i))

Reserves & fees

Board may include reasonable reserves in Common Expenses (Article 2 definition of Common Expenses;)

Leasing & rentals

Yes; no rule may prohibit leasing or transfer, but minimum lease term up to 12 months may be required (Section 3.4(f))

Fences

Fences are subject to architectural approval as ancillary improvements (Section 4.1 (ancillary improvements incl)

Architectural approval

Yes, prior written approval required for any structure, improvement, exterior alteration, landscaping (except repainting with original colors) (Sections 4.1, 4.2)

Home business

Not explicitly prohibited but activities not normally associated with residential use may be restricted (Section 3.4(d))

Signs & flags

Political signs: content cannot be regulated, but time/place/manner restrictions including design criteria allowed (Section 3.4(b))

Insurance

Deductible treated as Common Expense or Neighborhood Expense unless loss due to owner negligence/willful misconduct, then assessed to that owner (Section 7.3(b) last paragraph)

Use restrictions

Yes, Units intended for single family residence; activities must be normally associated with residential use (Section 2 definition of Unit; Section 3.)

Voting & meetings

Two classes: Class A (each Unit one vote), Class B (Declarant, appoints Board during control period) (Section 6.3)

Amendments

By Declarant (Section 18.1) and by Members (Section 18.2); specific percentages not given in excerpt (Article 18)

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