Carellton Homeowners Association

Key facts from Carellton Homeowners Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I, Section 3 (Association define)

Legal name

Carellton Homeowners Association, Inc. (Article I, Section 3)

Developer / declarant

Green Trails, LLC, a Tennessee limited liability company (Article I, Section 13)

Governing law

Tennessee corporate law (referred to in definition of Board) (Article I, Section 5: "under Tennessee c)

Special assessments

Requires affirmative vote or written consent of Members representing at least 51% of total vote and written consent of Class B Member; Board may also levy special assessment against a Member for enforcement costs after notice and hearing (Article X, Section 4)

Reserves & fees

Board may annually prepare capital budget and set capital contribution included in Base/Supplemental Assessment (Article X, Section 6)

Insurance

Deductible paid by party liable for loss in absence of insurance; if loss affects multiple Townhome Lots, Board apportions equitably; if policy applies deductible per Lot, each Owner responsible for own deductible (Article V, Section 3)

Amendments

Declarant may amend unilaterally to remove property from Subdivision (with owner consent if owned by others); Article XVIII, Section 2 allows amendment by Declarant as holder of >67% votes; Annexation article (Article VIII) cannot be amende (Article II (withdrawal amendment right);)

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