Villages at Hunting Creek I

Key facts from Villages at Hunting Creek I's documents

Community type

Condominium

Legal name

The Villages at Hunting Creek I, a Condominium

Governing law

Horizontal Property Law, Kentucky Revised Statutes Sections 381.805 through 381.910 (Section 1 (page 4 of original))

Assessments & dues

Not fixed; determined annually by Board after Developer's Transfer of Control based on estimated Common Expenses for next 12 months; before transfer, Developer sets charges (Section 14.7 (page 26 of original))

Special assessments

Board may levy special assessment for cost of maintenance or repair if Unit Owner fails to perform after notice (Section 1.12.7); also for unanticipated Common Expenses (Section 14.7); additional assessments for reconstruction cost if insur (Sections 1.12.7, 14.7, 20.3 (pages 8-11,)

Collections & liens

Unpaid Common Expenses constitute a lien on the Unit, prior to all other liens except (1) tax liens and (2) first Mortgagee liens. Lien may be enforced by suit in like manner as a mortgage, after at least 30 days' written notice to record i (Section 17 (pages 30-31 of original))

Reserves & fees

Board shall establish a Capital Replacement Fund, funded from a portion of Common Expense collections budgeted for capital replacement reserves. Disbursements for replacing or substantially repairing major capital improvements, or repaying (Section 23 (pages 33-34 of original))

Pets

Yes, but limited to not more than one household pet per Unit; must not be kept for commercial purposes; must be leashed outside Unit; pet causing nuisance or unreasonable disturbance shall be permanently removed upon 3 days' written notice (Section 12.6 (page 18 of original))

Signs & flags

Not specifically mentioned; likely prohibited as a sign or display under Section 12.2 (Section 12.2)

Use restrictions

Units shall be used only for one family residential purposes; not subdivided. Developer may use unsold Units as models or sales offices. (Section 12.1 (page 16 of original))

Voting & meetings

Each Unit entitled to one vote; joint owners may cast one vote per Unit; voting by written proxy allowed; majority of Council defined as at least 51% of floor area of Units; majority of Board defined as at least 51% of members (Sections 14.10, 14.11 (pages 27-28 of or)

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