Fourteen Thirty Two Cherokee Road

Key facts from Fourteen Thirty Two Cherokee Road's documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Fourteen Thirty-Two Cherokee Road Condominiums

Developer / declarant

Cletus J. Roppel, Jr.

Governing law

Kentucky Horizontal Property Law, KRS 381.805 to KRS 381.910 (Recitals, PAGE 1)

Special assessments

If insurance proceeds insufficient for reconstruction, amount may be deemed a common expense and special assessment levied. (Article IX(B)(2), PAGE 16)

Collections & liens

Unpaid assessments constitute a lien prior to all other liens except taxes and first mortgages. If co-owner in default for 30 days, council may bring suit to collect and foreclose like a mortgage. (Article V(C), PAGE 8)

Leasing & rentals

Yes, with written notice to council prior to commencement of lease term. (Article X(A): "written notice of the fac)

Architectural approval

Yes, for alterations affecting general common elements or the other unit. Prior written consent of council required. (Article II(G), PAGE 5)

Insurance

Co-owner may obtain separate insurance for unit, personal property, and improvements, but such insurance shall not decrease amount council may realize under master policy or cause contribution. (Article VIII(E), PAGE 14-15)

Voting & meetings

Each co-owner is a member of the council; majority means co-owners of 51% of undivided interests in general common elements. (Article I(J): "Majority" of co-owners me)

Amendments

Master deed may be modified, altered, amended, or added to by an instrument signed by each co-owner of record. (Article XIII, PAGE 22)

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