Charleswood

Key facts from Charleswood's documents

Community type

condominium (Master Deed, Page 1: 'residential condom)

Developer / declarant

Ella Bross

Governing law

Horizontal Property Law of the Commonwealth of Kentucky, KRS 381.805 to KRS 381.910 (Master Deed, Page 1: 'Horizontal Propert)

Assessments & dues

Each unit owner pays share of common expenses equal to their undivided interest in common elements (per Exhibit B) (Master Deed, Article V(A): 'Each unit ow)

Collections & liens

Unpaid common expenses constitute a lien against the unit, prior to all liens except first mortgage and tax liens; council may foreclose like mortgage (Master Deed, Article V(C))

Reserves & fees

Interest only; no late fee specified (Master Deed, Article V(B): 'Assessments )

Leasing & rentals

Yes, subject to written notice to council and approval (unreasonably not withheld) (Master Deed, Article X(A))

Architectural approval

Prior written consent of board required for any alteration affecting common elements or other units; board must respond within 30 days (Master Deed, Article II(J))

Home business

Incidental business meetings allowed with board permission, not primary purpose (Master Deed, Article II(G): 'incidental )

Signs & flags

Declarant may erect signs within units for sales purposes; otherwise not addressed (Master Deed, Article II(G): 'erecting an)

Maintenance

Council (Master Deed, Article II(H)(1): 'maintain)

Insurance

Fire, extended coverage, vandalism, malicious mischief, earthquake, plate glass, public liability, workers' comp, other as board determines (Master Deed, Article VIII(B))

Use restrictions

Unit shall be occupied as a residence by one family only; no industry, trade, business, or profession except incidental business meetings allowed with board permission (Master Deed, Article II(G))

Voting & meetings

Percentage of common interest determines voting; >50% interest required for amendments (Master Deed, Article XIII: 'by a vote of)

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