Castlewood (KY)

Key facts from Castlewood (KY)'s documents

Reflects the 1988 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The Castlewood

Developer / declarant

David P. Dillon, Theodore £. Jackson, Jr. and Barbara Kearns Jackson, James P, Kearns and Marie Kearns, and Douglas A. Hendrickson and Kathryn 8. Hendricksen

Governing law

Kentucky Horizontal Property Act (Condominium Act) (Article I, Section 1.1; KRS 382.810 refe)

Special assessments

Allowed by Council if reserves inadequate (including from nonpayment); may be payable in lump sum or installments; becomes effective with next monthly payment due more than 10 days after notice (Bylaws Article 5, Section 5.1(e))

Collections & liens

Annual assessment lien effective first day of fiscal year; special assessment lien effective first day of month after 7 days after notice; foreclosure remedies available (Article 8) (Bylaws Article 8, Section 8.2(a); Act re)

Reserves & fees

Council shall build up and maintain reasonable reserves for working capital, operations, contingencies, and replacements (Bylaws Article 5, Section 5.1(e))

Pets

Yes, with restrictions: small, orderly domestic pets (dogs, cats, caged birds); not to exceed one per unit without Council approval; not for commercial or breeding; must be leashed or carried on common elements (Bylaws Article 5, Section 5.8(a)(8))

Leasing & rentals

Yes, but not for transient or hotel purposes; initial lease period of at least 6 months; no partial unit leasing; written lease required with terms complying with condominium instruments (Bylaws Article 5, Section 5.8(a)(6))

Parking & vehicles

Trailers, campers, recreational vehicles, boats and other large vehicles may be parked on Property only if expressly permitted by Rules and Regulations and only in designated areas (Bylaws Article 5, Section 5.8(a)(7))

Architectural approval

Yes, for structural additions, alterations, or improvements in unit; also for painting or altering exterior (including doors and windows). Developer exempt until unit conveyed. (Bylaws Article 5, Section 5.7)

Maintenance

Council maintains all common elements (including washer/dryer and limited common elements); unit owner maintains unit, equipment, appliances, and appurtenances in good order and repair (Bylaws Article 5, Section 5.5(a) and (b))

Insurance

Deductible is a common expense; may be assessed against unit owner if caused by his negligence (Bylaws Article 6, Section 6.1(e))

Use restrictions

Units shall be used for single family residence and related common purposes; Council may permit reasonable temporary non-residential uses (Bylaws Article 5, Section 5.8(a)(1))

Voting & meetings

Based on Common Element Interest (percentage per unit) (Bylaws Article 2, Section 2.9(a))

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