Midtown Lofts sits in the heart of Franklin, offering residents easy access to everything that makes this city special—from the historic downtown square and its boutique shops to the trails of nearby parks and the vibrant dining scene along Main Street.

At a Glance

• Community Type: Condominium Association
• Total Units: 39
• Location: Franklin, Tennessee (Williamson County)
• Management: Professionally managed by Verdei Management

The Franklin Advantage

Living at Midtown Lofts means being part of one of Tennessee's most celebrated communities. Franklin consistently ranks among the best places to live in the South, known for its:

• Historic downtown with locally-owned shops and restaurants
• Excellent public and private schools
• Abundant parks, trails, and green spaces
• Strong sense of community and Southern hospitality
• Convenient access to Nashville (about 20 miles north)

For residents who want the convenience of condo living without sacrificing access to everything Franklin offers, Midtown Lofts delivers.

Midtown Lofts operates as a Tennessee nonprofit corporation governed by its articles of incorporation, bylaws, and declaration of covenants, conditions, and restrictions (CC&Rs). Understanding this structure helps residents participate effectively in community governance.

Board of Directors

The association is governed by an elected board of directors composed of unit owners. Board members volunteer their time to:

• Set community policies and rules
• Approve annual budgets and assessments
• Oversee maintenance and capital improvements
• Ensure compliance with governing documents
• Work with the management company on day-to-day operations

Professional Management

Verdei Management serves as the association's professional management company, handling:

• Financial Management: Monthly accounting, assessment collection, vendor payments, financial reporting
• Administrative Support: Meeting coordination, record keeping, owner communications
• Maintenance Coordination: Vendor relationships, service scheduling, common area upkeep
• Owner Services: Responding to inquiries, processing requests, providing community information

Owner Participation

Every unit owner is a member of the association with voting rights on key matters including board elections, budget approval, and major community decisions. Active participation strengthens the community and ensures resident voices are heard.

Sound financial management is essential for maintaining property values and ensuring the community can meet its obligations. Here's how Midtown Lofts approaches community finances.

Monthly Assessments

Unit owners pay monthly assessments (HOA fees) that fund:

• Common area maintenance and repairs
• Building insurance (master policy)
• Utility costs for common areas
• Reserve fund contributions
• Professional management services
• Landscaping and exterior maintenance

Reserve Fund

The association maintains a reserve fund for major repairs and replacements—items like roof replacement, exterior painting, and infrastructure updates. Regular reserve contributions help avoid special assessments when major expenses arise.

In compliance with Tennessee SB863, Midtown Lofts conducts regular reserve studies to ensure adequate funding for future needs.

Financial Transparency

Residents receive regular financial updates and have access to:

• Monthly financial statements
• Annual budget documents
• Reserve study reports
• Audit or review reports as applicable

This transparency helps owners understand where their assessments go and how the community's financial health is maintained.

Daily life at Midtown Lofts reflects the community's focus on convenience, quality, and neighborly consideration.

Maintenance Responsibilities

Understanding what the association maintains versus what falls to individual owners helps everyone keep the community looking its best:

Association Responsibilities (Common Elements):

• Building exterior and structural components
• Roofing and drainage systems
• Common area landscaping
• Parking areas and walkways
• Common area lighting
• Shared utility infrastructure

Owner Responsibilities:

• Interior of individual units
• Unit fixtures and appliances
• Limited common elements assigned to units (patios, balconies per governing documents)

Community Guidelines

Like all condo communities, Midtown Lofts has guidelines designed to maintain property values and ensure harmonious living. These typically address:

• Noise and quiet hours
• Parking regulations
• Pet policies
• Move-in/move-out procedures
• Exterior modifications and improvements
• Rental policies

Specific rules are detailed in the association's governing documents and rules & regulations, available to all owners.

Effective communication and responsive service are hallmarks of a well-managed community. Here's what Midtown Lofts owners can expect.

Contacting Management

Verdei Management provides multiple channels for owner communication:

• Online Portal: Submit maintenance requests, view account information, access documents, and pay assessments
• Email: Direct communication with your community manager
• Phone: Business hours support for questions and concerns
• Emergency Line: After-hours support for genuine emergencies affecting common elements

Response Commitments

We believe in responsive service. Board members and owners receive:

• Same-day acknowledgment of inquiries during business hours
• Regular updates on pending matters
• Clear communication about timelines and next steps

Community Updates

Owners stay informed through:

• Email communications for important announcements
• Annual meeting materials and minutes
• Board meeting notices and summaries
• Seasonal reminders and community updates

Considering purchasing at Midtown Lofts? Here's what you should know.

Due Diligence

Before purchasing any condo, request and review:

• Governing Documents: Declaration (CC&Rs), bylaws, rules & regulations
• Financial Statements: Recent budget, reserve fund balance, any pending special assessments
• Reserve Study: Current study showing funding status and projected expenses
• Meeting Minutes: Recent board meeting minutes for insight into community issues
• Insurance Information: Master policy coverage and any gaps requiring individual coverage

Resale Package

Sellers typically provide a resale disclosure package with key association documents. Review this carefully with your real estate agent and, if needed, legal counsel.

Questions to Ask

When evaluating Midtown Lofts or any condo community, consider:

• What are the current monthly assessments and recent history of increases?
• What major projects are planned and how will they be funded?
• What is the reserve fund status (percent funded)?
• Are there any pending litigation or disputes?
• What are the rental policies if you might lease your unit?
• What is the owner-occupancy rate?

Your real estate agent can help obtain this information during the purchase process.

Midtown Lofts benefits from professional association management—but what does that really mean for residents?

Expertise and Experience

Managing a condo association involves complex legal, financial, and operational considerations. Professional managers bring:

• Knowledge of Tennessee condo law and compliance requirements
• Financial management expertise and transparent reporting
• Vendor relationships for competitive pricing
• Experience handling common community challenges
• Systems for efficient communication and record-keeping

Protecting Your Investment

Your condo is likely one of your largest investments. Professional management helps protect that investment through:

• Proactive maintenance that prevents costly deferred repairs
• Sound financial planning including adequate reserves
• Consistent enforcement that maintains property values
• Proper insurance and risk management

Reducing Board Burden

Volunteer board members donate their time to govern the association. Professional management handles day-to-day operations so board members can focus on policy and oversight rather than administrative tasks.

At Verdei, we view our role as supporting both the board and the community—providing the expertise and execution that allow the association to thrive.