Required Records for Tennessee Condominium Associations
October 21, 2013

As mentioned before, the Tennessee Condominium Act of 2008, Tenn. Code § 66-27-201, et seq. (the “Condominium Act”), applies to all condominium developments completed in Tennessee after January 1, 2009, and in parts to all condominium developments in Tennessee as to matters that arise after January 1, 2009.  One of the statutes that may potentially…

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The Tennessee Condominium Act of 2008 and Older Condos and the Power to Assess
September 23, 2013

January 1, 2009, was the start of a new era in Tennessee as it saw a new set of laws regarding condominiums come into effect – the Tennessee Condominium Act of 2008, Tenn. Code § 66-27-101, et seq. (the “Condominium Act”).  The Condominium Act, generally, applies to all condominiums created after January 1, 2009.  A…

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Associations, Bankruptcies, and Non-Dischargeability
September 9, 2013

Assessments are the lifeblood of any association.  The money coming in through assessments is what pays to maintain and repair the common areas and common elements for which the association is responsible.  These assessments are to be paid by owners of lots and units in the development.  Sometimes these owners experience economic difficulties.  One of…

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Foreclosures and Priority Issues
August 19, 2013

One of the unfortunate realities of the residential real estate market in the past several years has been foreclosures.  A foreclosure is the process by which a secured party recovers a balance due by exercising its interest in secured collateral.  Typically, this means that a bank forecloses on a home.  In Tennessee, we have deeds…

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