Hull Street

Key facts from Hull Street's documents

Community type

Condominium

Legal name

Baxter Place Condominiums

Units / lots

Initially not more than 12 Units; expandable up to 48 Units (Article 2, Section 6(a) and (b))

Developer / declarant

Hull Street Condominium Developers, Inc.

Governing law

KRS 381.805 to 381.910 (Article 1, introductory paragraph)

Assessments & dues

Council determines total assessment necessary for common expenses for a period not to exceed 12 months, including general operating funds and reserve funds (Article 5, Section 2(a))

Special assessments

Council may levy special assessments for reasonable purposes; may be against one, group, or all Units; apportioned by square feet unless unfair (Article 5, Section 2(c))

Reserves & fees

Council must include reserve funds for future capital improvements in regular assessment; funds held in separate account for benefit of all Owners (Article 5, Section 2(a) and (b))

Pets

Dogs, cats or other household pets may be kept in Units, provided not kept for commercial purpose and pet weighs less than 30 pounds (Article 11, Section 1(f))

Leasing & rentals

Less than entire Unit may not be leased; Owner other than Developer or first mortgagee in possession may not rent for less than 6 months; leases must be in writing and subject to Declaration, By-Laws, Rules (Article 12, Section 7)

Parking & vehicles

Only currently licensed noncommercial, non-farm, motor vehicle may be parked in a parking space (Article 12, Section 8(a))

Insurance

Council shall carry master policy of fire and extended coverage, vandalism, malicious mischief, liability insurance, and if required, workmen's compensation; amount not less than 100% replacement value of buildings, improvements, personal p (Article 6, Section 1(a) and (b))

Use restrictions

Each Unit shall be used only as a residence (Article 11, Section 1(a))

Voting & meetings

One vote per Unit; membership arises automatically upon ownership and ceases upon termination; Developer holds irrevocable proxy from all Unit Owners until specified event (Article 4, Section 1(a) and (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.