Parkway

Key facts from Parkway's documents

Community type

condominium (Title)

Developer / declarant

Malinda T. Mabry and Priscilla K. Carroll (Opening paragraph)

Governing law

Kentucky Horizontal Property Law, KRS 381.805 through 381.910 (First paragraph)

Assessments & dues

Determined annually by Board, based on Common Expenses (Section 7.2(a))

Special assessments

Permitted for reasonable purposes; can be levied against one unit, group, or all units (Section 7.2(c))

Collections & liens

Unpaid assessments constitute a continuing lien on the unit; may be foreclosed like a mortgage (Section 7.1, Section 7.6, Section 7.7)

Reserves & fees

Council shall include reserve funds for capital improvements in the assessment (Section 7.2(a))

Pets

Not explicitly restricted (No provision)

Leasing & rentals

Yes, but lease must be in writing, subject to Declaration, Bylaws, and Rules; copy delivered to Board (rent may be redacted) (Section 5.3)

Parking & vehicles

Garage spaces assigned as Limited Common Elements to specific units (Parking #1, #2, #3) (Section 1.3(f))

Architectural approval

Yes, for any alteration affecting Common Elements or other units, including exterior changes (Section 9.1)

Home business

Not explicitly addressed; single family residential use likely prohibits business (Section 5.1)

Signs & flags

Not explicitly, but attachments on outside walls are forbidden without Board consent (Section 5.5)

Maintenance

Roof is part of Common Elements, so Council responsible (Section 1.2(c) - 'roofs' listed as commo)

Insurance

Fire, extended coverage, vandalism, malicious mischief, liability; and if required, worker's compensation (Section 8.1)

Use restrictions

Units used only for single family residential purposes (Section 5.1)

Voting & meetings

One vote per unit; multiple owners of a unit cast one vote as they agree (Section 6.1)

Amendments

Majority of unit owners for general amendments; certain matters require 67% of unit owners and holders of first mortgages with at least 51% of votes (who have requested notice) (Section 11.2)

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