(a) The bylaws must necessarily provide for at least the following:
Terms Used In Tennessee Code 66-27-112
Deed: The legal instrument used to transfer title in real property from one person to another.
Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Limited common elements: means and includes those common elements which are agreed upon by all of the co-owners to be reserved for the use of a certain number of apartments to the exclusion of the other apartments, such as special corridors, stairways and elevators, sanitary services common to the apartments of a particular floor, and the like. See Tennessee Code 66-27-102
Majority of co-owners: means more than fifty percent (50%) of the co-owners. See Tennessee Code 66-27-102
Property: means and includes the land whether leasehold or in fee simple and the building, all improvements and structures thereon and all easements, rights and appurtenances belonging to such land. See Tennessee Code 66-27-102
(1) Form of administration, indicating whether this shall be in charge of an administrator or of a board of administration, or otherwise, and specifying the powers, manner of removal, and, where proper, the compensation of such administrator, board of administration, or otherwise;(2) Method of calling or summoning the co-owners to assembly; that a majority of co-owners is required to adopt decisions; who is to preside over the meeting and who will keep the minute book wherein the resolutions shall be recorded;(3) Care, upkeep and surveillance of the building and its general or limited common elements and services;(4) Manner of collecting from the co-owners for the payment of the common expenses; and(5) Designation and dismissal of the personnel necessary for the works and the general or limited common services of the building.(b) The sole owner of the building, or if there is more than one (1), the co-owners representing two-thirds (2/3) of the total apartments of the building, may at any time modify the system of administration, but each one (1) of the particulars set forth in this section shall always be embodied in the bylaws. No such modification may be operative until it is embodied in a recorded instrument which shall be recorded in the same office and in the same manner as was the master deed or lease or plat and original bylaws of the horizontal property regime involved.
