Stewart Landing Homeowners Association

Key facts from Stewart Landing Homeowners Association's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Article I Section 5 (Association definit)

Developer / declarant

KDS Investments General Partnership, a Tennessee General Partnership (First page, Article I Section 11)

Assessments & dues

Not fixed; determined annually by Board based on Budget (Article VII Sections 2, 3)

Special assessments

Yes, Board may levy Special Assessments for capital improvements, repairs, etc. (Article VII Section 9)

Collections & liens

Assessment Lien arises after 60 days unpaid; Association may sue and foreclose; Lien superior except for taxes and first Mortgage (Article VII Sections 12, 13)

Reserves & fees

Board may establish reserve funds for maintenance, repair, replacement and contingencies (Article VII Section 2(f))

Architectural approval

Yes, any changes to Improvements require approval of Board or IRC (Improvements Review Committee) (Article V Section 5(a)-(b); Article I Se)

Signs & flags

Declarant reserves right to place marketing signs; otherwise not addressed but likely regulated by Rules (Article VI Section 3)

Insurance

Deductible treated as Common Assessment; if negligence of owner, may be assessed against that owner (Article IV Section 13(d))

Use restrictions

Lots are for single family residential purposes (Article I Section 17 (definition of Lot))

Voting & meetings

One vote per Lot; only one vote per Lot when multiple owners (Article III Section 4)

Amendments

Declarant may unilaterally amend during Appointment Period (under Article 13, Section 2 of Original Declaration); thereafter possibly by vote of Owners (not detailed here) (Recitals (citing original Article 13 Sec)

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