The Point at Grainger's Landing Villa Owners Association

Key facts from The Point at Grainger's Landing Villa Owners Association's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Master Deed title and references to Cond)

Units / lots

70 (69 residential + 1 commercial Marina Unit) (Master Deed II.3)

Governing law

Tennessee Horizontal Property Act, Tennessee Code Annotated Sections 66-27-101 et seq. (Master Deed preamble)

Assessments & dues

Board adopts budget with estimates; Unit Owners pay proportionate share per Master Deed (Bylaws VII.A.1)

Special assessments

Board may levy special assessments for unexpected expenses (Bylaws VII.B)

Collections & liens

Lien for assessments subordinate to first mortgage; foreclosure by trustee or judicial; power of sale after 20 days notice (Master Deed XI.2-3)

Reserves & fees

Board must establish and maintain reasonable reserves for periodic maintenance, repair, replacement of General Common Elements (Bylaws VII.C)

Pets

Yes, limited (Master Deed III.12)

Leasing & rentals

Residential units may be leased for one year or more; no leases less than one year; no vacation/transient leases (Master Deed IV.1)

Parking & vehicles

Overnight parking not permitted on roads or parking areas without approval (Master Deed III.15)

Architectural approval

Yes, Board approval for exterior modifications, alterations affecting architectural effect, structural integrity, fences (Master Deed III.10, III.13, X.2(b), X.3()

Maintenance

Roof is Limited Common Element; maintenance is Unit Owner's responsibility (Master Deed VII.5(d), X.2(a))

Insurance

Association required to obtain insurance as provided in Master Deed (Bylaws VIII.A)

Use restrictions

Units (except Marina Unit) for residential purposes only (Master Deed III.1)

Voting & meetings

One vote per Unit; cumulative voting not permitted; secret ballot upon request (Bylaws II.C, IV.A, III.H)

Amendments

Bylaws amended by 67% vote at meeting with written notice; must be recorded in Grainger County (Bylaws X)

Amenities

Club house, tennis court, swimming pool; possibly lake (Marina Unit for boat slips) (Master Deed III.16)

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