Sherwood Green Estates Homeowners Association

Key facts from Sherwood Green Estates Homeowners Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (planned unit development, specific plan district) (Preamble; Article I, Section 10)

Governing law

Tennessee law (references to Tennessee corporate law and Tennessee Nonprofit Corporation Act implied) (Article I, Section 5 (Board definition);)

Assessments & dues

Not fixed; determined annually by Board based on budget. Base Assessments levied equally on all lots. (Article X, Section 1 and 2)

Special assessments

Requires affirmative vote of 51% of total association votes and written consent of Class B (if exists). Also Board may levy special assessment without vote for compliance costs or insurance deductible. (Article X, Section 3)

Collections & liens

Assessments, interest, costs, and attorney's fees are a lien on the lot. Trustee may sell lot at public outcry after 20 days' notice by three publications. Subordinate to first mortgages. Foreclosure extinguishes prior assessment liens. (Article X, Section 4 and 7)

Reserves & fees

Board may prepare capital budget and include capital contribution in Base Assessment to create reserve fund. (Article X, Section 5)

Leasing & rentals

Yes, owner may lease and delegate enjoyment rights to lessee. (Article II)

Fences

Subject to ARC approval (not detailed in declaration). (Article XI, Section 1 (fence mentioned a)

Architectural approval

Yes, for any exterior change, alteration, construction, or any object affecting appearance. (Article XI, introductory paragraph)

Maintenance

Owner (exterior surfaces of residence including roof). (Article IV, Section 2)

Use restrictions

Lots intended for use and occupancy as a single family residence. (Article I, Section 22 (definition of Res)

Voting & meetings

Class A: one vote per lot; Class B: Declarant has 50 votes per lot owned during control period. After control period, Class B converts to Class A (one vote per lot). (Article III, Section 2(a) and 2(b))

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