Cambridge Commons

Key facts from Cambridge Commons's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential patio-home subdivision; each Lot is a single-family residential lot (Definition (5) 'Lot' and Art. VII Sec. 7)

Legal name

Cambridge Commons Patio Homes, Inc.

Units / lots

At least 44 lots (Lots 1 through 44) across the referenced plats (Definition (2) 'Cambridge Commons' (DOC )

Developer / declarant

Landvest, LLC, a limited liability company of Louisville, Jefferson County, Kentucky (Preamble)

Assessments & dues

Assessments fixed, established, levied, and collected by the Association at times and in amounts it determines (Art. V Sec. 5.1)

Special assessments

Association authorized to fix, levy, and collect special assessments (Art. IV Sec. 4.2(a) and Art. V Sec. 5.1)

Collections & liens

Assessments create a continuing lien on the land and improvements; may be foreclosed by suit after 30 days unpaid (Art. V Sec. 5.1 and 5.4)

Reserves & fees

Association may establish a Capital Replacement Fund from monthly assessment collections; payment discretionary, and Developer has no obligation while it controls voting rights (Art. IV Sec. 4.2(h))

Pets

Association may establish rules and regulations concerning animals (Art. VII Sec. 7.7)

Leasing & rentals

Effective January 1, 2005, no residence may be leased, rented, or occupied by a tenant paying rent unless an exception applies (Amendment Sec. 7.12)

Parking & vehicles

Common Areas include open parking areas; Association may regulate parking and traffic (Definition (3) 'Common Areas' and Art. V)

Fences

Association shall inspect, maintain, repair, and replace fences in Common Areas and Maintenance Easement Areas; as amended, also responsible for fence maintenance, repair, painting, and replacement on Residence Site exteriors (Art. IV Sec. 4.1(a) and Amendment Sec. 4)

Signs & flags

Association may establish rules and regulations concerning signs (Art. VII Sec. 7.7)

Maintenance

Association inspects, maintains, repairs, and replaces roofs (Art. IV Sec. 4.1(b))

Insurance

Association shall obtain public liability insurance covering all Common Areas and insuring the Association and Owners in amounts determined by the Association (Art. VI)

Use restrictions

Each Lot shall be used only for single-family residential purposes and shall not be further subdivided (Art. VII Sec. 7.1)

Voting & meetings

Each Lot is entitled to one vote regardless of the number of Owners; membership mandatory and may not be disclaimed or withdrawn (Art. I Sec. 1.1)

Amendments

Declaration may be modified, altered, amended, or terminated by written consent of Owners of two-thirds or more of Lots, or by Developer while it controls voting rights; agreement must be recorded (Art. X)

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