HOA/CONDOS-STATE OF TENNESSEE

Started by LauraP • 13 replies • 1824 views

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LauraP (Tennessee)
Posts: 17

Posted:

ANYONE OUT THERE HAVE EXPERIENCE OR NO LAWS, STATUES, ETC. IN THE STATE OF TENNESSEE.

I HAVE A BRIEF QUESTION SINCE I AM NOT FAMILIAR AND CAN'T FIND ANYTHING ON LINE-TO THE REAL ANSWERS. I CURRENTLY LIVE IN FLORIDA AND EVERYTHING IS TOTALLYDIFFERENT HERE.
THANKS, LAURA

LauraP (Tennessee)
Posts: 17

Posted:

I still haven't heard from anyone yet... there no one there that has any helpful input.
Thanks, Laura

JoeS4 (Kentucky)
Posts: 77

Posted:

Check out your Tennessee Real Estate Commission for general real estate and condo laws, other than that Kentucky is a lot like Tennessee and our declarations and restrictions as well as bylaws and the normal state real estate laws are all we have so far.

Good Luck

LauraP (Tennessee)
Posts: 17

Posted:

Joe,

thanks for you input. but there is not a whole lot there.

i have a set of documents, but for the villa/condo that I own, they do not follow these documents. There is only 6 units. the only one that lives there is the board President.which he has given me copies of expenditures that he has written on a piece of paper.you would think they would have a copy of a budget or something. i don't understand this. what do you think.. is there anyone you can report too. like the DBPR. I am confused what does Kentucky do?

KathyS (California)
Posts: 145

Posted:

Check this website and click on Tennessee for the laws.

http://www.communityassociations.net/state_laws.html

JoeS4 (Kentucky)
Posts: 77

Posted:

If there are only six units, there should be some kind of master deed on file as well as any association or condo agreements on file at your local court house in the county your located, other than that try to get copies of any kind of annual report or meetings that should be kept on file if the development has a corporation.

LauraP (Tennessee)
Posts: 17

Posted:

JOE,
I understand somewhat. But what would they show at the courthouse, just a copy of deed. what does this reference?

What if this is or was a corporation, what are you trying to say?? this is inside another association of a Golf course but they are totally seperate, associations. this is a condo/villa.

The bank took over the majority of units after the builder bellied up. I belive the bank should have these or some sort of copies of information. Laura

LauraP (Tennessee)
Posts: 17

Posted:

joe, do you have answers as to what would really show at the courthouse, and what would this prove.
thanks, Laura

JoeS4 (Kentucky)
Posts: 77

Posted:

everything should be recorded at the court house....deed, restrictions, bylaws, articles, and yes the bank should have done a title search when taking the property back over and have a copy or at least the book and page number of the documents or plat cabinet and slide number depending on how your documents are recorded. Since your said it is independent yet part or next to a country club, ask some of the members, you'll probably get a lot of info both bad and good from them, but you will get info, start with the club manager and then ask them which board members would know, and if possible ask the bank to let you see what prospective buyers get to see when looking, they should have every document you need.

LauraP (Tennessee)
Posts: 17

Posted:

joe, I understand, i have copies of documents, bylaws for the association. but there not being followed. The only owner living there is the President. the rest are second or vacation places. And no i can not go to the other association. it has nothing to do with ours. and what we pay. i am trying get copies of budgets, expenditures and so forth, so i can see why there changing the assessments, which was illegaly done.

who this be reported to in the state of Tenessee. i am waiting for these copies of expenses. i asked for a month ago. let me know your thoughts. Laura

JoeS4 (Kentucky)
Posts: 77

Posted:

Make sure and ask nicely for everything in writing and give a time frame, say 7-10 working days, send it certified and keep copies of everything from here on out. The attorney general is a good place to start with your state once you get some written documents that something isn't done correctly, they will help you resolve the issue. Make sure you get what you need in writing first and make sure that something isn't being done properly, before you act. Also, I would go to the local PVA Office and get the addresses of the other four owners and write each of them to see what their opinion is, proceed with cautious fact gathering questions, don't try to point fingers yet, just get all the info you can. Let me know home it goes.

Good Luck

JoeS4 (Kentucky)
Posts: 77

Posted:

Any chance you six could merge with the other association in the future

LauraP (Tennessee)
Posts: 17

Posted:

Joe, that would be great! but how would you make that happen. Since the other assoc. is homes but pay far less because of the amount homes. you have to drive into the golf course community to get our little area which is 3 bldgs. condo/villas.

I know it was a seperate owner prior-for the condos. but the bank owns it now. the association is on very little property. All the other property is owned by the Golf course, or the other association. which is called Woodlake.

The thing that blows me away is the bank president who i worked with at closing acts like he has no information on anything. could this seem or be right?? Laura

JoeS4 (Kentucky)
Posts: 77

Posted:

The bank president might not know but its his job to know and his attorneys. I've been to woodlake 3 or 4 years ago but there were only a handful of homes at that time, it looked like a great area. I would follow the certified letter option first and talk to the banker in writing again, remember keep copies of everything.

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