Crescent Court

Key facts from Crescent Court's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Condominium Project consisting of the pr)

Legal name

Crescent Court Condominiums

Developer / declarant

Jane S. Dawson, Estin Kurfees Stone, Grace Nickens and Lena Denham Smith

Governing law

Kentucky Condominium Property Law, Sections 381.805 through 381.910 of the Kentucky Revised Statutes (condominium property regime established )

Assessments & dues

Council annually determines estimated common expenses and sets monthly assessments based on each unit's percentage of common interest (To annually determine the estimated comm)

Collections & liens

Unpaid common expenses constitute a lien on the unit, prior to all other liens except taxes and first mortgage. Enforceable by suit like mortgage of real property, with 30 days written notice. Council may bid at judicial sale. (All sums assessed for common expenses sh)

Reserves & fees

Council shall establish and maintain a Maintenance Reserve Fund, made up from assessments of all unit owners payable in monthly installments according to unit owner's proportionate interest (The Council of Co-owners shall establish)

Use restrictions

Units shall be used only for residential purposes (The unit shall be used only for resident)

Voting & meetings

Percentage of common interest basis (25% per unit) (Voting shall be on a percentage basis, a)

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