Pinehurst Green

Key facts from Pinehurst Green's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Council of Co-owners Of Pinehurst Green, Inc.

Units / lots

44 (initially 16, eventually up to 60; second amendment added 16, third amendment added 12) (Master Deed Section B; Second Amendment;)

Governing law

Kentucky Horizontal Property Law, KRS 381.805 through 381.910 (Master Deed, opening paragraph)

Assessments & dues

Board annually estimates common expenses, determines each unit's share based on percentage of common interest, and levies monthly assessments. If no determination, previous year's assessment continues. Approval of a majority of Council requ (Master Deed Section J(3))

Special assessments

Board may levy special assessments for operation of the project (Section J(1) implies). Also for reconstruction if insurance insufficient (Section O(5)). (Master Deed Section J(1) and Section O(5)

Collections & liens

Unpaid common expenses constitute a lien on the unit, prior except for tax and first mortgage liens. Enforceable by suit with 30 days written notice. Council may bid at judicial sale. (Master Deed Sections M and N)

Reserves & fees

A portion of monthly fee deposited in separate capital replacement fund. Withdrawals require two signatures, used only for major capital improvements on General or Limited Common Elements. (Master Deed Section J(4))

Leasing & rentals

Yes, but restricted. Per Fourth Amendment: only if owner held title before amendment and unit was rental, leased to immediate family, employer transfer >50 miles, owner moved to nursing home, or owner died with no surviving spouse. For exce (Fourth Amendment (DOC 119986) replacing )

Insurance

Each owner may obtain additional insurance on his unit at his own expense, but shall not decrease the Council's recovery. (Master Deed Section O(5))

Use restrictions

Units shall be used only for residential purposes. (Master Deed Section F(1))

Voting & meetings

Each unit's voting percentage equals its percentage of common interest in General Common Elements. Majority defined as >50% of common interest of owners present at a meeting with quorum. Joint owners may cast one vote or divide by ownership (Master Deed Section P and Section C)

Amendments

Developer may amend prior to relinquishing control; thereafter by signatures of 75% of unit owners. Effective upon recording. (Master Deed Section Q)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.