Woods of Crescent Hill

Key facts from Woods of Crescent Hill's documents

Community type

Condominium (Page 1: "create a condominium regime kno)

Legal name

The Woods of Crescent Hill Condominiums

Units / lots

44 (maximum); 38 built as of Second Amendment (16 Phase I, 22 Phases II&III) (Master Deed §2(b): "not more than forty-)

Developer / declarant

Crescent Hill Development, LLC

Governing law

Kentucky Horizontal Property Law, KRS 381.805 to 381.910 (Master Deed page 1: "subject ... to the )

Assessments & dues

Board determines regular total assessment at least once every 12 months based on a budget for a period not to exceed 12 months (Master Deed §11(b): "Board shall, from t)

Special assessments

Board may levy special assessments to construct, structurally alter or replace Common Elements, with limitations: not exceeding $2,500 for any one item or $5,000 aggregate in a calendar year without majority vote of Association and Unit own (Master Deed §11(d))

Collections & liens

Assessments constitute a lien on the Unit enforceable like mortgages under Kentucky law. Lien subordinate to first mortgage recorded before assessment became due. Sale or transfer under foreclosure extinguishes lien for assessments payable (Master Deed §12(b): "shall constitute a )

Reserves & fees

Board shall establish reserves for (i) future capital improvements, (ii) periodic maintenance, repair and replacement of Common Elements, (iii) working capital fund. (Master Deed §11(b): "The Board shall est)

Pets

Dogs, cats, or other household pets may be kept subject to rules and regulations of the Board, provided they are not kept for commercial purposes. (Master Deed §13(i): "dogs, cats, or othe)

Parking & vehicles

Parking along private streets which obstructs the flow of traffic is expressly prohibited. (Master Deed §13(s): "Parking along the p)

Home business

A Unit owner may use a portion of his/her Unit for an office or studio (other than music/dance studio), provided activities do not interfere with quiet enjoyment, increase normal traffic, or result in extra vehicles parked. (Master Deed §13(b): "a Unit owner may us)

Use restrictions

Each Unit shall be used as a residence for a single family and for no other purpose (Master Deed §13(a): "Each Unit shall be )

Voting & meetings

Each Unit entitled to one vote. Owner has sole voting right until all Units sold; thereafter each Unit owner votes. (Master Deed §17(a): "each Unit shall be )

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