Farmstead (KY)

Key facts from Farmstead (KY)'s documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Article IV creates Homeowners Associatio)

Developer / declarant

JOHN R. SMITH, MARY B. SMITH, and SUPERIOR BUILDERS, INC. (preamble)

Assessments & dues

determined by Board based on budget (Section 4.6)

Special assessments

allowed for capital improvements (Section 4.7)

Collections & liens

assessments are a continuing lien; can be foreclosed (Sections 4.4, 4.10)

Reserves & fees

interest rate established by board, initially 10% (Section 4.10)

Pets

household pets allowed, not for commercial/breeding (Section 2.5)

Leasing & rentals

implied (delegation of use to tenants allowed) (Section 4.2)

Parking & vehicles

not allowed on lot unless in garage/backyard non-intrusive (Section 2.3(b))

Fences

fence requires Developer approval (Section 2.2(b))

Architectural approval

Developer approval required for construction plans and landscape plans (Section 3.1)

Home business

prohibited, including practice of medicine, dentistry, etc. (Section 2.8)

Signs & flags

only one sign for sale/rent, max 9 sq ft; developer signs allowed (Section 2.9)

Setbacks / home size

minimum building setback lines as shown on plat; may be varied by Developer (Section 3.3)

Maintenance

owner responsible for repair of residence and lot neatness; association responsible for Common Area maintenance (Sections 2.10, 4.5)

Use restrictions

private single-family residential purposes (Section 2.1)

Voting & meetings

Two classes: Class A (lot owners, one vote per lot) and Class B (Developer, one vote per lot in subdivision until conversion) (Section 4.13)

Amendments

by 75% of owners, filing amendment (Section 5.1)

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