Chauncey Louisville

Key facts from Chauncey Louisville's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.1)

Legal name

Chauncey Louisville Condominium

Units / lots

100 (Section 3.2.3)

Developer / declarant

Chauncey Louisville, LLC, a Kentucky limited liability company (Preamble)

Governing law

Kentucky Horizontal Property Law, KRS §381.805 et. seq. (Section 2.2.1)

Special assessments

Board may levy Special Assessments against each Unit in accordance with Percentage Interest if cash requirements insufficient (Section 6.2)

Reserves & fees

Board shall establish adequate Reserve Funds for improvement and replacement of Common Elements and Limited Common Elements, funded as part of Common Expense Liability. Fund balances may be invested in interest-bearing securities. Proprieta (Section 5.3)

Leasing & rentals

Declarant retains right to lease Units owned by Declarant; no explicit restriction on other owners, so presumably allowed (Section 8.2)

Use restrictions

All Units restricted to residential use except Declarant's sample, model, management, rental or sales offices (Section 7.1.1)

Voting & meetings

Each Unit Owner's votes = Percentage Interest multiplied by 1,000 (Section 5.2)

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