Jamestown (TN)

Key facts from Jamestown (TN)'s documents

Community type

Condominium

Legal name

JAMESTOWNE TOWNHOME ASSOCIATION, INC. (Article I(c) and Article IV, Section 4.1)

Developer / declarant

JAMESTOWE ON SIGNAL, IN.

Governing law

Tennessee Horizontal Property Act, Tennessee Code Annotated, Sections 66-27-101 et seq. (Article I(a))

Assessments & dues

Common Expenses divided equally among all Unit Owners; amounts and times determined in manner provided in Bylaws (Article VII, Section 7.2(a))

Collections & liens

Unpaid Common Expenses assessments constitute a lien on the unit owner's interest, subordinate to prior recorded mortgages; Association may enforce by judicial sale under Article IX (Article VII, Section 7.2(a); Article IX,)

Reserves & fees

Adequate reserve fund for replacement of Common Elements will be established and funded by regular monthly payments (Article VII, Section 7.2(c))

Leasing & rentals

Yes, with restrictions: copy of lease must be furnished to Board, lessee bound by Master Deed and Bylaws, unit owner not relieved of obligations (Article III, Section 3.4(b))

Voting & meetings

Each Unit Owner holds one vote per unit owned; Majority means 50% or more of total number of votes (Article I(l))

Amendments

Not fully readable; Article X likely governs; amendments changing common element interests require mortgagee approval (3.7(a)(ii)) (Article X (fragmentary); Article III, Se)

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