Horizontal Property Regimes, HPRs, are two structures sharing one lot. They are very common in Nashville, especially when you're looking at newer construction homes in popular neighborhoods.
In this video I break down everything you need to know about Horizontal Property Regimes (HPRs).
A horizontal property regime (HPR) is a zoning policy that allows two properties to be built on one piece of land.
HPRs can be attached or detached.
The HPR docs outline the guidelines/restrictions for use of the properties and contains a diagram of the properties.
The diagram outlines:
• Common Elements shared by the two homes, things like sidewalks.
• Limited Common Elements, such as individual yards.
• Private Elements including the plot where the individual structures are built.
There is typically no monthly HOA fee in an HPR. Owners will renew the entity with the State of TN annually. The annual state filing fee is around $100.
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Wendy Monday, Broker
PARKS Real Estate
email@example.com • 615.642.1313