Gardens of Eastern Parkway

Key facts from Gardens of Eastern Parkway's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: "THE GARDENS OF EASTERN PARKWAY, )

Legal name

Gardens of Eastern Parkway Owners’ Association, Inc.

Units / lots

12 (Phase 1 initial), up to 52 planned across all phases (Section 4: "Phase 1 of the Regime will c)

Governing law

Horizontal Property Law, Sections 381.805 through 381.910 of the Kentucky Revised Statutes (Section introductory text (page 4))

Assessments & dues

Common expenses determined by Board (Section 1.11); assessments based on percentage of common interest per Unit (Section 4, Exhibit B) (Section 1.11.4 and Section 4)

Special assessments

Board may levy special assessment if owner fails to maintain unit or Limited Common Element, and for other common expenses as needed (Section 1.11.7 and Section 19)

Collections & liens

Unpaid common expenses and special assessments constitute a lien on the Unit, enforceable by foreclosure like a mortgage (subordinate to first mortgage and taxes) (Section 19 and Section 1.11.7)

Reserves & fees

Maintenance Fund (Section 23) and Capital Replacement Fund (Section 24) established (Sections 23 and 24 (table of contents an)

Maintenance

Unit Owner: interior surfaces, windows, doors, court yard maintenance, indoor garage cleaning and interior maintenance. Association: General Common Elements including roofs, landscaping, utilities, etc. (Section 1.11.2, Section 1.10.10, Section)

Voting & meetings

Each Unit has one vote in condominium affairs (Section 5.5: "Each Unit added to the Reg)

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