Ocoee Place

Key facts from Ocoee Place's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Master Deed for Horizontal Property Regi)

Legal name

Ocoee Place Condominium LLC

Governing law

Tennessee Horizontal Property Act (Tenn. Code Ann. Section 66-27-101 et seq.) (Article II Section 1: Act shall mean the)

Assessments & dues

Board prepares annual budget and assessment; delivers to members at least 30 days before end of fiscal year; takes effect unless disapproved by majority of total Association vote; if disapproved or Board fails to set, current budget continu (Article VII Section 5)

Special assessments

Two types: (a) if annual assessment inadequate, Board may levy special assessment approved by two-thirds vote of those present at meeting; (b) for capital improvements, must be approved by majority of members at a meeting (Article VII Section 6)

Reserves & fees

Board annually prepares capital reserve budget considering replaceable assets, expected life, and cost; Board sets required capital contribution included in budget (Article VII Section 7)

Architectural approval

Yes, Board approval required for any exterior change, alteration, construction, sign, light, or object visible from outside (Article VI Section 4)

Maintenance

Association responsible for roof maintenance including shingles and all parts of roof structure (Article VI Section 6(b) (roofs included )

Insurance

Not required but if owner obtains individual policy covering other than improvements and betterments, must file copy with Board within 30 days of purchase (Article VI Section 2(c))

Use restrictions

Condominium shall be used only for those uses and purposes set out in the Master Deed (Article VIII Section 1)

Voting & meetings

Each unit entitled to one vote; vote may be cast by owner, spouse, or lawful proxy; if multiple owners, only one vote per unit; Board may prohibit voting if more than 60 days delinquent or under suspension (Article I Section 4)

Amendments

By affirmative vote or written consent of at least two-thirds of total Association vote; notice of meeting must state proposed amendment; must be recorded in Bradley County, Tennessee (Article IX Section 8)

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