Shelby Crossing

Key facts from Shelby Crossing's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (horizontal property regime) (Page 1: 'submitted to a horizontal [cond)

Legal name

Shelby Crossing Condominiums

Units / lots

Approximately 171 units (expandable) (Section 2.4: 'approximately 11 buildings)

Developer / declarant

Shelby Crossing Acquisition, LLC

Governing law

Kentucky Horizontal Property Law, KRS 381.805 through 381.910 (Page 1: 'under the Kentucky Horizontal P)

Assessments & dues

Determined annually by Board based on budget; each owner pays percentage of common interest (Section 7.2(a), 7.2(b))

Special assessments

Allowed for reasonable purposes; may be levied against one, group, or all Units (Section 7.2(c))

Collections & liens

Unpaid assessments become a continuing lien on the Unit; Council may foreclose like a mortgage (Section 7.6, 7.7)

Reserves & fees

Council shall include reserve funds for future capital improvements in total assessment (Section 7.2(a) (B): 'those reserve funds)

Leasing & rentals

Yes (Section 5.3)

Parking & vehicles

Prohibited (Section 5.6: 'No vehicle shall be parked)

Architectural approval

Yes, for alterations affecting Common Elements or exterior changes (Section 9.1: 'No alteration or improveme)

Maintenance

Council (roof is Common Element) (Section 1.2: Common Elements includes 'r)

Insurance

Fire, extended coverage, vandalism, malicious mischief, liability, worker's compensation (Section 8.1)

Use restrictions

Units used only for single family residential purposes (Section 5.1)

Voting & meetings

One vote per Unit (Section 6.1: 'each Unit owner shall have)

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