Ivy Ridge

Key facts from Ivy Ridge's documents

Reflects the 2026 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1: "Condominium Property Regime")

Legal name

Ivy Ridge

Developer / declarant

WKB IVY RIDGE, L.L.C.

Governing law

Horizontal Property Law of the Commonwealth of Kentucky, KRS 381.805 to KRS 381.910 (Page 1: "the provisions of the Horizonta)

Assessments & dues

Board determines estimated common expenses for next 12 months and assesses monthly per unit based on percentage of common interest (Section K, page 14: "It shall be the dut)

Special assessments

Permitted if budget amended to meet increased expenses or capital expenditures, subject to 15% limitation or statutory procedure (Section K, pages 14-15: "Should the annu)

Collections & liens

Unpaid Common Expenses and fines constitute a lien prior to all liens except taxes and first mortgage; enforceable like a mortgage with 30 days notice (Section M, page 15: "Unpaid Common Expen)

Reserves & fees

Board shall establish a Reserve Fund paid from portion of Common Expense budget allocated for capital replacement reserves (Section S, page 17: "The Board shall est)

Pets

Yes, limited to domestic pets (Section G.23.i, page 10: "the maintenanc)

Signs & flags

Flags (other than the US flag) require Board approval as yard ornaments (Section G.20, page 9: "Yard ornaments in)

Use restrictions

Units shall be used only for single-family residential purposes (Section G.1, page 7: "The Units shall be)

Voting & meetings

Each Unit entitled to one vote; majority = 51% of Units (Section V, page 19: "Each Unit shall be )

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