Townes at Horse Creek Farms Homeowners Association

Key facts from Townes at Horse Creek Farms Homeowners Association's documents

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

Community type

Residential townhomes (townes) as a neighborhood within Horse Creek Farms (Phase II) master planned community (Recital C: 'The Towns at Horse Creek Far)

Legal name

Townes at Horse Creek Farms Homeowners Association

Units / lots

Approximately 47 lots (Recital B: 'development will include app)

Developer / declarant

Horse Creek, LLC, a Tennessee limited liability company (Recital paragraph before Article I: 'mad)

Governing law

Tennessee law (references to Tennessee nonprofit corporation law, usury law, etc.) (Article 4.1: 'The Neighborhood Associati)

Assessments & dues

Not fixed; determined annually by the Neighborhood Board via budget (Section 5.1(d): computation of Base Neig)

Special assessments

Two types: (i) for all members - for capital improvements, requires majority vote of members and consent of Class B member, except for budget shortfalls, emergencies, etc. which require no vote; (ii) against individual owner for non-complia (Section 5.1(e))

Collections & liens

Assessments, interest, late charges, fines, costs, and attorney's fees become a lien on the lot. Personal obligation of the owner. Association may foreclose, bid at sale, and hold property. Lien subordinate to first mortgages. After foreclo (Section 5.3)

Reserves & fees

Neighborhood Board shall include in each year's budget a capital replacement reserve taking into account number, expected life, and repair/replacement cost of replaceable assets. (Section 5.4: 'The Neighborhood Board sha)

Parking & vehicles

Not directly addressed except mention of towing vehicles in violation of parking rules (Section 4.4(d) emergency self-help). Rules may be in Neighborhood Rules and Regulations. (Section 4.4(d): 'towing of vehicles that)

Architectural approval

Yes, governed by Article 4 of the Primary Declaration. (Section 7.4: 'the terms of the Primary D)

Signs & flags

Declarant has right to place signs for sales/marketing, but no general restriction on owner signs. However, Primary Declaration Article 4 may control. (Section 8.5: Declarant's right to 'place)

Setbacks / home size

All building locations must comply with applicable zoning ordinance (R-T/Z Residential Townhouse Zero Lot Line Zone). (Section 7.2: 'All building locations mus)

Maintenance

Not specifically addressed in this document, but likely part of Owner's responsibility unless it is part of Lot Maintenance (which is exterior yard care only). Primary Declaration may address. (Not specified; reference to Primary Decl)

Insurance

Reasonable deductible allowed; amount not subtracted from policy limits. Deductible treated as Neighborhood Common Expense unless negligence/willful misconduct by owner, then may be assessed as Special Assessment. (Section 4.4(c)2 second paragraph)

Use restrictions

Implied by definition: 'Neighborhood Lot' intended for 'development, use, and occupancy as a single family.' Also size requirement for dwelling unit. (Definition of 'Neighborhood Lot': 'inten)

Voting & meetings

Class A Members (non-Declarant owners): one vote per lot owned. Class B Member (Declarant): appoints Board during Control Period, after that has right to disapprove actions. Joint ownership: vote exercised by any one owner or as designated (Section 4.2(a)-(b); Section 4.3)

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