Wisteria Landing

Key facts from Wisteria Landing's documents

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

Community type

Condominium

Legal name

Wisteria Landing, Inc.

Units / lots

128 maximum; 32 initially, with right to add up to 96 additional units (Section 2A: Wisteria Landing shall initi)

Developer / declarant

Wisteria Landing, Inc. (made and entered into this ... by Wister)

Governing law

Kentucky Condominium Law, KRS 381.805 through 381.910 (WHEREAS, Developer desires to ... to the)

Collections & liens

Lien for unpaid assessments after 30 days default; subordinate to first mortgage; Council may foreclose (Article 11E: 'any unpaid common expenses)

Reserves & fees

Reserve accounts to be established for future replacements; at transfer of control, Developer shall fully fund operating and reserve accounts (Article 10: 'reserve accounts shall be u)

Maintenance

Unit owner responsible for maintenance, repair, replacement of interior of unit, appliances, limited common elements; Council responsible for general common elements (Article 11B (unit owner responsibility) )

Insurance

Council shall acquire casualty, liability, and employee worker's compensation insurance (Article 9A: 'The Council ... shall acqui)

Voting & meetings

Each unit owner has one vote; amendments require 75% of unit owners and majority of first mortgagees (Article 15: 'Each unit owner shall be a )

Amendments

Until Developer ceases control, Developer may amend unilaterally; thereafter, amendment requires 75% of unit owners and majority of first mortgagees; By-laws amended by majority of percentage interest of all units (Article 16: 'Amendments')

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