Riedlonn

Key facts from Riedlonn's documents

Community type

condominium (Article 1(f): "Condominium Property" or )

Developer / declarant

Limestone Development Company, Inc.

Governing law

KRS 361.635; KRS 381.805 to 381.910 (Article 1: "KRS 361.635" and "KRS 381.80)

Assessments & dues

Council determines regular total assessment at least once every 12 months necessary to defray Common Expenses, including operating funds and reserve funds for capital improvements (Article 5 Section 2(a): "The Council sha)

Special assessments

Council may levy special assessments for reasonable purposes; may be against one Unit, a group, or all Units based on benefit; apportionment based on square feet unless unfair (Article 5 Section 2(c): "The Council may)

Collections & liens

Unpaid assessments become a continuing lien on the Unit; lien arises automatically without recording; may be foreclosed like a mortgage; includes interest, collection costs, reasonable attorneys' fees; lien binds successors; priority over s (Article 5 Sections 1, 6, 7, 9, 13(c), 13)

Reserves & fees

Reserve funds for future capital improvements estimated necessary; held in an account in the name of the Council for benefit of all Unit Owners; funds are appurtenant to each Unit according to percentage of common interest (Article 5 Section 2(a) and (b): "All fun)

Pets

Dogs, cats or other household pets may be kept in Units provided they are not kept for commercial purpose, weigh less than 30 pounds, not dangerous, and do not create a nuisance or disturbance (Article 11(f): "No animals shall be rais)

Leasing & rentals

Owner may lease entire Unit, but no less than an entire Unit; all leases must be in writing and subject to Declaration, By-Laws, and Rules and Regulations (Article 12 Section 7: "No owner may leas)

Parking & vehicles

Only operative, currently licensed automobiles allowed; inoperable vehicles are prohibited (Article 11(c) and Article 12 Section 8(a)

Use restrictions

Each Unit shall be used only as a residence; no part of the project used for other than housing and common recreational purposes (Article 11(a): "Except as otherwise prov)

Voting & meetings

One vote per Unit; Developer holds irrevocable proxy from each Unit Owner until control period ends (Article 4 Section 1(a): Members entitled)

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