Veterans Cove Homeowners Association

Key facts from Veterans Cove Homeowners Association's documents

Community type

Covenant / Planned Community

Legal name

Veterans Cove Homeowners’ Association, Inc. (Article I (Definitions - Association))

Developer / declarant

ALCORN PROPERTIES, LLC (Preamble)

Governing law

Horizontal Property Act of the State of Tennessee (T.C.A. § 66-27-101 et seq.) (Article I, Definitions (Act); also Artic)

Assessments & dues

Board of Directors prepares annual budget, determines common charges, and allocates them equally among Unit Owners (By-Laws Article VIII, Section 1(a))

Reserves & fees

Board may include amounts for general operating reserve and reserve fund for replacements (By-Laws Article VIII, Section 1(a))

Pets

Only generally recognized household pets (By-Laws Article VIII, Section 5(e))

Architectural approval

Prior written approval required for any construction, modification, addition, or alteration; 45-day deemed approval if no response (By-Laws Article VII)

Insurance

Each Unit Owner shall obtain own insurance for Unit, Limited Common Elements, Private Elements, contents, with 100% replacement cost coverage on improvements; also comprehensive public liability; must provide proof annually to Board (Article XIV (last paragraph))

Use restrictions

Unit shall be for a Single Family Residence occupied by one or more individuals related by blood, marriage, or adoption (By-Laws Article VIII, Section 3(a))

Voting & meetings

Each Unit Owner has one vote; Declarant has eight votes for every Unit owned. (By-Laws Article III, Section 1)

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