Ampere Drive

Key facts from Ampere Drive's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (name: Ampere Drive Condominiums; condomi)

Legal name

Ampere Drive Condominiums

Developer / declarant

Dixie Warehouse & Cartage Co., a Kentucky corporation (page 1: DEVELOPER; also page 3)

Governing law

Horizontal Property Law of the Commonwealth of Kentucky, KRS 381.805 to KRS 381.910 (WHEREAS and Article I references)

Assessments & dues

Assessments for common expenses are made pursuant to the bylaws; shares are defined in Article V(A) (Article V: The making and collection of )

Special assessments

Assessments may be made if insurance proceeds insufficient for reconstruction (Article IX(E)); costs of alterations to common elements may be assessed (Article III(H)) (Article IX(E): assessments shall be made)

Collections & liens

Unpaid common expenses constitute a lien on the unit, prior to all liens except tax liens; may be foreclosed like a mortgage; includes interest and attorney fees (Article V(C): Any unpaid common expenses)

Reserves & fees

Permitted; common surplus after allowance for retention of any reserve to cover future common expenses (Article V(A)(3): common surplus (after d)

Leasing & rentals

true; unit owner has right to sell or lease unit and common elements appurtenant (Article X(A): The unit owner... shall ha)

Architectural approval

Yes; for any alteration or improvement that would alter or affect common elements or the other unit, prior written consent of board of directors required (Article II(F): no alteration or improvem)

Maintenance

Council responsible (Article IV(A)(1): roof and foundation)

Use restrictions

false; units used only for light manufacturing, general office and storage purposes (Article II(D): Each unit shall be used o)

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