October Park Homeowners Association

Key facts from October Park Homeowners Association's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (October Park Homeowners Association, Inc.) (Article I, Section 2 (Book 7637 Page 720)

Legal name

October Park Homeowners Association, Inc. (Article I, Section 2 (Book 7637 Page 720)

Developer / declarant

Debar Land Company, LLC, a Tennessee limited liability company (First page (Book 7637 Page 719))

Governing law

Tennessee nonprofit corporation law (implied); specific statute not cited (Article I, Section 2 (Book 7637 Page 720)

Assessments & dues

Not fixed; set by Board based on Operating Budget (Article IX, Section 3 (Book 7637 Page 72)

Special assessments

Board may levy special assessments for capital improvements, unexpected repairs; requires simple majority vote of each class present (or of directly affected owners) unless for particular Units or under specific articles (Article IX, Section 4 (Book 7637 Page 72)

Collections & liens

Express lien for assessments and fines; trust conveyance to K. Thomas Sidwell, Trustee; foreclosure by trustee sale after 20 days notice; proceeds applied to costs, taxes, unpaid assessments, then to owner (Article IX, Section 5 (Book 7637 Page 72)

Reserves & fees

Capital Budget must include reserve accounts for capital expenditures; contributions included in assessments (Article IX, Section 6 (Book 7637 Page 73)

Pets

Yes, maximum of three dogs, cats, or other household pets approved by Association (Article XI, Section 1(h) (Book 7637 Page)

Leasing & rentals

Yes, but Association may regulate term, require owner occupancy, and establish rules encouraging owner occupancy (Article XI, Section 1(w) (Book 7637 Page)

Parking & vehicles

Trucks, vans, etc. prohibited unless stored in garage per above (Article XI, Section 1(j) (Book 7637 Page)

Fences

Fences must be uniform design as approved by Board or Developer; approval of Design Review Committee required (Article XI, Section 1(k) and Article X ()

Architectural approval

Yes, Design Review Committee must approve all construction and modifications before work begins (Article X, Section 1 (Book 7637 Page 730)

Home business

Allowed only with prior Board approval; must not negatively impact Property (traffic, parking, security); Board must be given detailed information; approved use cannot be later disapproved if activities do not materially change (Article XI, Section 1(p) (Book 7637 Page)

Signs & flags

Generally prohibited except (1) directional/informational by Declarant or Association, (2) Declarant’s sales signs on Common Area or its own Units, (3) sale signs not exceeding 6 square feet per side on owner’s Unit; Board may require commo (Article XI, Section 1(e) (Book 7637 Page)

Maintenance

Owner responsible for roof maintenance (Article IV, Section 2: "roofs and structural components of the Residential Unit") (Article IV, Section 2 (Book 7637 Page 72)

Insurance

May contain reasonable deductible; amount added to face amount for determining full replacement cost (Article V, Section 1 (Book 7637 Page 724)

Use restrictions

Each Residential Unit shall be used as a residence for a single family; no more than one single-family residence per Unit (Article XI, Section 1(a) (Book 7637 Page)

Voting & meetings

Two classes: Class A (all owners except Class B) with voting rights per Bylaws; Class B (Declarant) with 5 votes per lot until conversion (Article III, Section 2 (Book 7637 Page 7)

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