Lost Creek (TN)

Key facts from Lost Creek (TN)'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (LC HOME OWNERS ASSOC, INC.) (Original Declaration Art. I Sec. 1.01)

Units / lots

92 lots (numbered 1 through 92) (Original Declaration Art. I Sec. 1.04)

Developer / declarant

Signature Building Group, GP (corrected from LLC per Scrivener's Affidavit) (Scrivener's Affidavit, June 7, 2011)

Governing law

Tennessee Non-profit Corporation Act (for Association) (Original Declaration, Exhibit B - Charte)

Assessments & dues

Maximum $240 per lot per year until December 1, 2007. After that, assessment determined as set out in Declaration. (Original Declaration Art. VI Sec. 6.10)

Special assessments

May be levied with assent of two-thirds (2/3) of total votes eligible to be cast. (Original Declaration Art. VI Sec. 6.03)

Collections & liens

Delinquent assessment becomes continuing lien on the lot. Association may foreclose via public sale after 21 days' advertisement and written notice; sale subordinate to prior recorded mortgage. Rights of redemption, homestead, dower waived. (Original Declaration Art. VI Sec. 6.05)

Reserves & fees

Annual assessments include cost of funding all reserves established by Association, including operating reserve and/or reserve for replacements. (Original Declaration Art. VI Sec. 6.02(d)

Pets

Dog, cat or other household pet may be kept, provided not kept for commercial purpose. Excessive numbers not allowed. (Original Declaration Art. VIII Sec. 8.02)

Architectural approval

Written consent of Architectural Committee required for any structure, fence, barrier, exterior alteration, or new use. (Original Declaration Art. VII Sec. 7.01)

Voting & meetings

Each lot owner has one vote per lot owned. Membership is appurtenant to lot ownership. (Original Declaration Art. III Sec. 3.02)

Amendments

During first 2 years: amendment by instrument signed by Owners holding at least 50% of votes AND approved by Declarant. Thereafter: amendment by instrument signed by Owners holding at least 75% of votes. Declarant may unilaterally amend wit (Original Declaration Art. IX Sec. 9.01)

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