Villas at Rock Springs

Key facts from Villas at Rock Springs's documents

Community type

Condominium

Legal name

Villas At Rock Springs Condominiums

Units / lots

seventy-eight (78) (Article II(A))

Developer / declarant

Rock Springs Development Partners, LLC

Governing law

Horizontal Property Law of the Commonwealth of Kentucky, KRS 381.805 to KRS 381.910 (WHEREAS paragraph)

Assessments & dues

Each unit owner's share of common expenses is based on percentage interest in common elements as set forth in Exhibit A; assessments made pursuant to Bylaws (Article IV(A))

Collections & liens

Unpaid common expenses constitute a lien on the unit, prior to all other liens except first mortgage and tax liens; after 30 days default, council may foreclose in accordance with Kentucky law, including reasonable attorney fees (Article IV(C))

Reserves & fees

Council may retain reserves to cover future common expenses; no specific amount or requirement (Article IV(A))

Pets

Personal pets only in accordance with Rules and Regulations; no raising, breeding, or keeping of animals except as allowed (Article II(D)(6))

Leasing & rentals

Yes, unit owner has right to sell or lease the unit (Article IX(A))

Architectural approval

Board must answer within thirty (30) days of written request for alteration or improvement of unit affecting common elements (Article II(G))

Maintenance

Council responsible for roofs (Article II(E)(1))

Insurance

Each unit owner shall obtain at own expense insurance on unit's interior improvements, furnishings, appliances, and personal property (Article VII(A))

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