Lake Forest (KY)

Key facts from Lake Forest (KY)'s documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Lake Forest Subdivision

Developer / declarant

NTS/LAKE FOREST II RESIDENTIAL CORPORATION (for supplements); NTS-LAKE FOREST (for Sections 2 & 3); Lake Forest Highlands, LLC (for Highlands Section 2) (Each document opening)

Assessments & dues

Initial max $25/month per lot (Section 3); Section 2 initial $8/month per lot; after first year can increase 25% per year without 2/3 vote (Section 3 Declaration Art IV §6; Section)

Special assessments

Allowed for capital improvements with assent of members per Bylaws (Section 3 Declaration Art IV §7)

Collections & liens

Assessment constitutes lien on lot; may be foreclosed; subordinate to first mortgage; personal obligation of owner at time assessment fell due (Section 3 Declaration Art IV §4, §10, §1)

Reserves & fees

Interest from due date at max rate of interest allowed by Kentucky law (Section 3 Declaration Art IV §10)

Pets

Dogs, cats, or other household pets (traditional domestic pets) allowed; not for commercial/breeding; no livestock or poultry (Section 3 Declaration Art II §4; Section)

Leasing & rentals

Not explicitly addressed in these documents, but owners may delegate use to tenants (Art IV §2 of Section 3 Declaration); no short-term rental restrictions found (Section 3 Declaration Art IV §2)

Architectural approval

Yes; construction plans, specifications, location, grade, exterior materials, driveway must be approved in writing by Developer (or assignee); landscape plan also required (Section 3 Declaration Art III §1; Sectio)

Home business

Prohibited (including medical practices) (Section 3 Declaration Art II §8; Section)

Signs & flags

One sign for sale/rent up to 9 sq ft; Developer may erect larger signs for subdivision and lot numbers; no other signs (Section 3 Declaration Art II §9; Section)

Setbacks / home size

Section 3: one-story 1800 sq ft ground floor; 1.5-story 1300 sq ft ground; tri-level 1800 total; two-story 1000 sq ft ground; exclude garage/basement/porches. Highlands Sec2: one-story 1700 sq ft ground; two-story 1200 ground/2400 total; ot (Section 3 Declaration Art III §3; Sectio)

Use restrictions

Yes; no trade or business allowed, except model home for up to 18 months (Section 3 Declaration Art II §1, §8; Sec)

Voting & meetings

Class A: one vote per lot (owners); Class B: Developer ten votes per lot until 90% lots sold or 20 years from first lot sale (Section 3 Declaration Art IV §12)

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