Graymoor Estates Patio Homes

Key facts from Graymoor Estates Patio Homes's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Graymoor Estates Patio Homes Condominiums

Developer / declarant

Fehrway Partnership

Governing law

Kentucky Horizontal Property Law, Sections 381.805 through 381.910 (Preamble)

Assessments & dues

Board determines annual estimated Common Expenses, subject to Council approval; each Unit pays percentage of common interest (Section 6.4, 7.1, 7.2(a))

Special assessments

Council may levy special assessments for reasonable purposes; apportionment based on square feet unless unfair; can be against one, group, or all Units (Section 7.2(c))

Reserves & fees

Reserve funds for capital improvements must be held in separate account; disbursed only on written authorization of Board (Section 7.2(a)(B))

Leasing & rentals

Yes, but lease must be in writing, subject to Declaration, Bylaws, and Rules; copy delivered to Board (rent may be redacted) (Section 5.3)

Architectural approval

Prior written approval of Developer or Board required for fences, patios, walls, pools, antennas, satellite dishes, outbuildings, sheds, or any other structure anywhere in Common Elements or Limited Common Elements (Section 5.4)

Insurance

Unit owner must insure furnishings, personal property, interior improvements (plumbing fixtures, electrical fixtures, kitchen/bath fixtures/cabinets, carpeting, paint, wallpaper, interior walls, partitioning, trim, drywall, appliances); als (Section 8.7)

Use restrictions

Unit shall be used only for single-family residential purposes (Section 5.1)

Voting & meetings

One vote per Unit; if multiple owners, vote cannot be split and if no agreement then no vote allowed (Section 6.1)

Amendments

By majority of Unit owners, effective upon recording; Developer may amend during control period to correct drafting or surveying errors (Section 11.2)

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