Horse Creek Farms Part

Key facts from Horse Creek Farms Part's documents

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

Community type

master planned community (Article 1: 'establish a general plan of )

Developer / declarant

Horse Creek, LLC, a Tennessee limited liability company (p.5 opening paragraph)

Governing law

Tennessee law (nonprofit corporation law referenced) (Section 6.1: 'Tennessee law'; Section 7.)

Assessments & dues

Board adopts annual budget and levies Base Assessments against all Units (Section 8.1 and 8.6)

Special assessments

May be levied by Board without vote for certain purposes (e.g., insurance shortfall) or with vote as per Section 8.4 (Section 8.4; Section 7.3(c) (for insuran)

Collections & liens

Assessments constitute a lien on the Unit; enforcement via Section 8.8 (Section 8.8: 'Lien for Assessments')

Reserves & fees

Board may establish reasonable reserves for capital repairs and replacements (Definition of 'Common Expenses' includes)

Leasing & rentals

Yes, leasing not prohibited; no consent required; minimum lease term up to 12 months may be required (Section 3.4(f))

Fences

Fences are subject to architectural approval (ancillary improvement) (Section 4.1: 'construction and/or placem)

Architectural approval

Yes, prior written approval required for any structure, improvement, exterior alteration, landscaping, etc. (Section 4.1 and 4.2(a))

Home business

not specifically prohibited but subject to rules; activities not normally associated with residential use may be prohibited (Section 3.4(d))

Signs & flags

Political signs: content not regulated but time, place, manner (including design criteria) may be regulated; religious signs inside structures allowed (Section 3.4(b))

Maintenance

Owner is required to carry property insurance for full replacement cost of all structures on Unit (implies owner responsible for roof) (Section 5.3)

Insurance

Reasonable deductible allowed; treated as Common Expense unless loss due to negligence/willful misconduct of Owner then may be assessed as Specific Assessment (Section 7.3(b))

Use restrictions

Implied; Units intended for single-family residential; activities not normally associated with residential use may be prohibited (Section 3.4(d): 'interfere with the acti)

Voting & meetings

Class A (one vote per Unit for all Owners except Declarant) and Class B (Declarant, may appoint Board during Control Period) (Section 6.3)

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