Shepherds Crossing

Key facts from Shepherds Crossing's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (condominium project (page 1))

Legal name

SHEPHERDS CROSSING CONDOMINIUMS

Units / lots

up to 48 units; initially 6 units (Article II(A) and Article XIII)

Developer / declarant

Jack Marsh Builder, Inc., a Kentucky corporation (Jack Marsh Builder, Inc. (page 1))

Governing law

Horizontal Property Law of the Commonwealth of Kentucky, KRS 381.805 to KRS 381.910 (KRS 381.805 to KRS 381.910 (page 1))

Assessments & dues

Each unit owner's share of common expenses is the same as their undivided interest in common elements (percentage based on floor area as set forth in Exhibit B); assessments pursuant to Bylaws (Article III(B) and Article VI(A))

Special assessments

Assessments may be made against unit owners to fund reconstruction costs if insurance proceeds are insufficient (Article X(E))

Collections & liens

Unpaid common expenses constitute a lien on unit, prior except for first mortgage and tax liens; after 30 days default, Council may sue to foreclose like a mortgage, including attorneys fees and costs (Article VI(C))

Leasing & rentals

Yes, with notice to Council (Article XI(A))

Voting & meetings

Voting on matters requiring decision of unit owners, including amendment of Master Deed, is based on percentage interest in common elements (Article XIV (vote of greater than two-th)

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