The Oxford

Key facts from The Oxford's documents

Community type

Horizontal Property Regime with Private Elements (Section 1.2, Article 1)

Legal name

THE OXFORD OWNERS’ ASSOCIATION, INC. (Section 1.1(b))

Developer / declarant

Mountain Creek Partners LLC

Governing law

Tennessee Horizontal Property Act, Tenn. Code Ann. § 66-27-101 thru 123 (Recitals, Section 1.1(a), Section 1.7)

Assessments & dues

Determined in manner provided in Bylaws; Board sets amount and timing. (Section 4.1)

Special assessments

May be levied for capital improvements with assent of two-thirds (2/3) of voting rights. (Section 4.4)

Collections & liens

Association has a lien on the Unit for unpaid common expenses; may foreclose as other liens in Tennessee. Lien subordinate to recorded deed of trust except for assessments due after mortgagee takes possession, accepts conveyance, or foreclo (Section 4.1, Section 4.2, Section 4.3, A)

Reserves & fees

Interest at 10% per annum, but no specific late fee mentioned. (Section 4.1)

Maintenance

Unit Owner: interior maintenance, repairs, replacements (including plumbing, wiring, appliances, structural components); exterior glass, windows, screens, doors, storm doors. Association: Common Elements, walkways, porches, decks, balconies (Section 7.1, Section 7.2)

Insurance

Insurance for Property including Units and Common Elements against fire, vandalism, malicious mischief, extended coverage, and public liability, workers' compensation, etc. Policy written in name of Board as trustee for Unit Owners and mort (Article VI)

Use restrictions

Each Unit shall be used as a residence, subject to rules. Personal business records/accounts not prohibited. (Section 1.5)

Voting & meetings

One vote per Unit. Developer may hold votes as Owner. (Section 2.4, Section 3.1, Section 11.2)

Amendments

Before Turnover Date: Developer may amend unilaterally. After Turnover: requires 75% affirmative vote of owners present or represented; if amendment adversely affects mortgagees, also 75% vote of notified mortgagees (one vote per first-mort (Section 11.1, Section 11.2, Section 11.3)

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