Vertrees

Key facts from Vertrees's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article I(N): 'Vertrees Condominiums' me)

Legal name

Vertrees Condominiums

Developer / declarant

ICON PROPERTIES CHEROKEE, LLC

Governing law

Kentucky Horizontal Property Law, KRS 381.805 to KRS 381.910 (Recitals B: 'submit the property to the )

Assessments & dues

By Council according to Bylaws, based on percentage of ownership in Limited Common Elements (Article V(A): 'Each Unit Owner shall be )

Collections & liens

Lien for unpaid assessments prior to all liens except first mortgage and tax liens; foreclosure after 30 days default (Article V(C): 'any unpaid Common Expense)

Reserves & fees

During declarant period, assessments for reserve fund cannot exceed proportion of initial budget reserves (Article VI(F)(3): 'assess any common cha)

Pets

Yes, as amended: one dog and cat of any size, and two caged birds, hamsters, or guinea pigs (First Amendment: 'one dog and cat of any)

Leasing & rentals

Yes, with written notice to Council prior to commencement (Article X(A): 'the Unit Owner of each Un)

Home business

Home office allowed but no non-resident employees and no customers/clients within the Building (Article II(D): 'the occupant of a Unit m)

Use restrictions

Yes, except for incidental business meetings and home offices (Article II(D): 'each Unit... shall be oc)

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