Gardens of Glenmary Village

Key facts from Gardens of Glenmary Village's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Section A definitions)

Legal name

The Gardens of Glenmary Village - A Condominium

Units / lots

Initially 48 anticipated; initial phase 32 units; exact number may increase or decrease (Section B)

Developer / declarant

Glenmary Village, LLC

Governing law

Kentucky Condominium Property Law (KRS 381.805 through 381.910) (Preamble and Section I)

Assessments & dues

Board determines estimated Common Expenses annually and assesses each unit owner monthly, quarterly, or annually based on percentage of common interest. Adjustments may consider floor area, number of occupants, demand on utilities, and acce (Section I(5) and Section J)

Special assessments

Board may levy special assessment for Common Expenses if insufficient funds. (Section I(5))

Collections & liens

Unpaid Common Expenses constitute a lien on the unit, prior to all others except tax and first mortgage liens. After 30 days delinquent, Board may declare entire next 12 months' assessments due and proceed to collect. Lien enforceable by su (Section L and Section M)

Reserves & fees

Capital Replacement Fund established; portion of Common Expense collections allocated to it (e.g., 10% if budget says so). Disbursements only for major capital improvements or repaying indebtedness approved by Board. May be invested in US g (Section R)

Leasing & rentals

Leasing of a unit by owner requires Board approval (except Developer). Board may impose terms and conditions. (Section G(3))

Parking & vehicles

Parking areas are Common Elements for common use. Board may designate visitor parking spaces. Unit owners' use subject to Board rules and regulations. (Section D(8))

Fences

Not explicitly addressed; any alteration to limited common elements (e.g., gated areas) requires Board approval. (Section G(2))

Architectural approval

Any alteration in Common Elements or Limited Common Elements desired by unit owner requires prior Board approval. Also any plantings installed by unit owner must be approved by Board. (Section G(2) and Section I(3))

Home business

Not explicitly addressed; residential use only would prohibit most businesses. (Not addressed)

Setbacks / home size

Board shall observe any setback lines affecting the Regime as shown on plans. (Section I(4))

Maintenance

Common Elements; association responsible. (Section A(2)(b) (roofs part of Common El)

Insurance

Up to $1,000 of deductible may be treated as Common Expense if damage not caused by that owner's act or omission. (Common Expenses definition (Section A(3))

Use restrictions

Each Unit shall be used only for single-family residential purposes. (Section G(1))

Voting & meetings

Each unit has percentage of common interest; voting power is based on that percentage. Majority = more than 50% of common interest. One vote per unit, even if multiple owners. (Section C and Section U)

Amendments

Declaration may be amended by 75% of voting power of Council. Developer may amend without consent for recording floor plans and adjusting square footage and percentages. Eligible Mortgagees must approve material amendments (those affecting (Section W (1,2,3))

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