Bertrand Street

Key facts from Bertrand Street's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Bertrand Street Council of Co-Owners, Inc.

Developer / declarant

John P Albers

Governing law

Kentucky Horizontal Property Law, Sections 381.805 through 381.910 of the Kentucky Revised Statutes (WITNESSETH paragraph)

Special assessments

Council may levy special assessments for reasonable purposes; can be against one unit, group, or all based on benefit; apportionment by square feet unless unfair (Section 7.2(c))

Reserves & fees

Council may make reasonable late charge for any assessment not paid when due; late charge is part of assessment and continues as lien (Section 7.12)

Leasing & rentals

Any Unit lease must be in writing, subject to Declaration, Bylaws, and Rules; copy of lease must be delivered to Board (Section 5.3)

Insurance

Fire and extended coverage, vandalism, malicious mischief, liability insurance, and workers compensation if required; amount not less than 100% replacement value of buildings, improvements, and common elements; may include cross-liability e (Section 8.1)

Use restrictions

Unit shall be used only for single-family residential purposes (Section 5.1)

Voting & meetings

Each unit owner has two votes per unit owned; if multiple owners, they must agree among themselves; no split votes; if cannot agree, no vote allowed (Section 6.1)

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