Ambleside (KY)

Key facts from Ambleside (KY)'s documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Master Deed recitals)

Legal name

Ambleside Condominiums

Developer / declarant

Home Equity Development Group, Inc. (First paragraph of Master Deed)

Governing law

Kentucky condominium property law (KRS 381.806 to 381.910) (WHEREAS clauses)

Assessments & dues

Common expenses determined by Council, Board, or Managing Agent (Section (7) first sentence)

Special assessments

Board may levy special assessment against unit owners in proportion to ownership percentage; used e.g. to acquire units or for reconstruction (Section (13)(j) and Section (11))

Collections & liens

Unpaid common expenses constitute a lien on the unit, prior to all other liens except ad valorem taxes and first mortgage lien. Lien may be enforced by legal action like mortgage foreclosure. Thirty days' written notice required before suit (Section (8))

Reserves & fees

Common expenses include reserves to cover future replacement costs and contingencies (Section (7) – last sentence of first par)

Pets

Yes, dogs under 16 pounds, cats, or other household pets, subject to Board rules (Section (15)(h))

Leasing & rentals

Leasing allowed but subject to first right of refusal by Council (Section (13)(a))

Signs & flags

Not specifically addressed; exterior displays prohibited generally (Section (15)(f) – nothing hung or displa)

Maintenance

Roof is part of general common elements – Association responsibility (Section (4) - includes roofs in common e)

Insurance

Council shall acquire full replacement value insurance for the regime including casualty, liability, and workers compensation (Section (11))

Use restrictions

Units restricted to single-family residential use, except Units 1 and 2 on first floor may be used for professional offices (Section (10) and Section (15)(a),(b))

Amendments

Master Deed may be amended by instrument signed and acknowledged by owners of 75% of all units and 75% of first mortgagees; Bylaws amended by 75% of unit owners; Developer may correct errors without consent during conversion period (Section (22)(a),(b))

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