Keats Bluff

Key facts from Keats Bluff's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Keats Bluff

Developer / declarant

Keats Bluff, LLC

Governing law

Kentucky Revised Statutes Sections 381.805 through 381.910 (Condominium Property Law) (WITNESSETH)

Assessments & dues

Board determines estimated Common Expenses annually, subject to Council approval; assessed monthly or quarterly based on percentage of common interest, rounded to nearest whole dollar (Section J)

Collections & liens

Unpaid common expenses constitute a lien on the unit, prior except taxes and first/second mortgages; enforceable by suit like mortgage; 30 days notice to all interest holders; Council may bid at judicial sale or accept deed; may sue for mon (Section L and Section M)

Reserves & fees

Capital Replacement Fund established; funded by portion of common expense budget for capital replacement, e.g., 10% if budget allocates 10%; disbursements only for major capital improvements or repayment of indebtedness under Section T; may (Section R)

Pets

Dogs, cats, and caged animals or birds allowed subject to regulation by the Board including regulations as to number; no livestock, poultry, rabbits, snakes or other such animals (By-Laws Art V Sec 3(m))

Leasing & rentals

Number of units owned by one person for rental may be limited by Board (Section G-2)

Maintenance

Owner maintains unit (interior, installations) at own expense; Council maintains Common Elements and Limited Common Elements (except as provided); owner reimburses Council for damage to common elements caused by owner or occupants (Section I; By-Laws Art V Sec 2)

Insurance

Fire, extended coverage, vandalism, malicious mischief, liability insurance minimum $1,000,000 per occurrence, and workers compensation if required; covers buildings, improvements, personal property of Common Elements at least 80% replaceme (Section N and N-2)

Use restrictions

Units designated 'residential' shall be used only for residential purposes; all units shall be used only for one-family residential unit purposes (Section G-1; By-Laws Art V Sec 3(a))

Voting & meetings

One vote per unit; majority means more than 50% of unit owners; joint owners may cast one vote or divide; proxies allowed in writing (Section U; By-Laws Art I Sec 7 and Sec 8)

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