Homestead at Carter's Station Townhomes Homeowners Association

Key facts from Homestead at Carter's Station Townhomes Homeowners Association's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Townhome Homeowners Association (Document title: "Homestead at Carter's S)

Units / lots

Approximately 24 townhomes (Recitals: "approximately twenty-four (24)

Developer / declarant

Parkside Homestead, LLC, a Tennessee limited liability company (First paragraph of Declaration: "by PARK)

Assessments & dues

Board prepares an Operating Budget and Capital Budget, then sets assessments accordingly; budget is adopted at a Board meeting (Article IX, Section 3: "It shall be the )

Special assessments

Board may levy special assessments for capital improvements, unexpected repairs, or costs from willful damage; requires approval by simple majority of Members present and voting or of directly affected Owners (except for certain cases) (Article IX, Section 4: "the Board may le)

Collections & liens

Assessments and fines constitute a lien on the Unit; enforcement by trustee's sale after 20 days' notice via publication, with right of redemption waived; Association may bid and acquire units. (Article IX, Section 5: "a lien is expres)

Reserves & fees

The Board annually prepares a Capital Budget and establishes reserve accounts for capital expenditures; capital contribution is included in the Operating Budget and Assessment. (Article IX, Section 6: "The Board of Dir)

Leasing & rentals

Referenced in Article XI, Section 3 (Restriction on Rentals), but text not included; therefore not fully extractable. (Table of Contents: "Section 3. Restricti)

Parking & vehicles

Board may make rules and regulations concerning driving and parking, including penalties, fines, or towing. (Article VIII, Section 8: "The Board may )

Fences

Privacy walls, fences, and gates are subject to Design Review Committee approval. (Article X, Section 3(c)(v): "Privacy wal)

Architectural approval

Prior written approval of the Design Review Committee is required for any construction, modification, addition, or alteration to a Unit or common elements. (Article X, Section 1: "no Person shall c)

Signs & flags

Signage of any type is subject to Design Review Committee approval. (Article X, Section 3(c)(viii): "Signage )

Maintenance

Association maintains roofs, gutters, downspouts, and nonstructural roof components. (Article IV, Section 1(c): "The Associati)

Insurance

Association must obtain blanket all-risk casualty insurance (or fire and extended coverage if not available) for 100% replacement cost of Units (excluding appliances, flooring, owner improvements); public liability policy with $1M single li (Article V, Section 1: various subsection)

Use restrictions

Except as otherwise provided in the Declaration, use of property is limited to residential purposes. (Article XI, Section 1(a): "Residential U)

Voting & meetings

Every record owner of a Unit is a Member of the Association; membership is appurtenant to unit ownership and cannot be separated. (Article III, Section 1: "Every Person wh)

Amendments

Referenced in Article XII, Section 2 but text not included in excerpt. (Table of Contents: "Section 2. Amendment)

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