Wemberley Hill Garden Homes

Key facts from Wemberley Hill Garden Homes's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Wemberley Hill Garden Homes

Units / lots

60 (final after all amendments) (DOC 118671, Exhibit C (60 units listed))

Developer / declarant

FREYS HILL VENTURE, a Kentucky general partnership (DOC 117774, Page 1)

Governing law

Kentucky Condominium Property Law, Sections 381.805 through 381.910 (DOC 117774, Page 1)

Assessments & dues

Board determines estimated Common Expenses annually, subject to council approval, and assesses monthly or quarterly (DOC 117774, Section J, Page 6)

Collections & liens

Unpaid Common Expenses constitute a lien on the unit, prior to all liens except taxes and first mortgage; lien may be enforced by suit as a mortgage, with 30 days notice (DOC 117774, Section L, Page 6)

Reserves & fees

Capital Replacement Fund established; funded monthly from Common Expense collections; used for major capital improvements and to repay borrowing (DOC 117774, Section R, Page 8-9)

Parking & vehicles

Parking areas are common elements; garages and driveways are limited common elements with easements for designated units (DOC 117774, Section D8, Page 4)

Insurance

Owner must carry personal liability insurance of at least $100,000 per occurrence (DOC 117774, Section N, Page 7)

Use restrictions

Yes, units shall be used only for residential purposes, except developer may use unsold units as models or sales offices (DOC 117774, Section G1, Page 5)

Voting & meetings

Based on percentage of common interest; majority means more than 50% of common interest (DOC 117774, Section U, Page 10)

Amendments

By majority of unit owners, recorded; developer may amend without unit owner joinder to record completed units and adjust percentages (DOC 117774, Section W, Page 10)

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