Forming a New HOA

Started by CarrieS • 7 replies • 4564 views

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CarrieS (Tennessee)
Posts: 2

Posted:

We would Like to start up a new HOA...The Developer is ready to hand over the common property and relinguish his majority votes...there are 14 hosues in the community and 15 other property owners that own lots in the sub division.
1. What is needed from the developer?
2. Does the HOA need a lawyer?
3. What other advice do we need tp know?

Thanks
Carrie

CarrieS (Tennessee)
Posts: 2

Posted:

PS: Is there any information or a web site for state specific regulations we live in Tennessee. Thanks

LisaS (Illinois)
Posts: 341

Posted:

Not familiar with Tennessee law, but I would start with your State's website. Most have applicable laws available online. If they do not for some reason, then they would likely be able to point you in the correct direction.

Good luck,
Lisa

MichaelS56 (Minnesota)
Posts: 854

Posted:

Gather all of the Tennessee laws and that pertain to HOA's. Visit other HOA's and review there governing documents and tips. Be very careful with the transfer of the money that the developer says you have. Review the governing documents, the Rules and Regulations and every other document that you receive, to determine if they are practical for your needs.

JohnT38 (South Carolina)
Posts: 1,631

Posted:

Quote:

Posted By MichaelS56 on 10/10/2021 5:57 AM
Gather all of the Tennessee laws and that pertain to HOA's. Visit other HOA's and review there governing documents and tips. Be very careful with the transfer of the money that the developer says you have. Review the governing documents, the Rules and Regulations and every other document that you receive, to determine if they are practical for your needs.

Please note this is a 16 year old post.

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