Pennington

Key facts from Pennington's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Pennington Condo Association

Governing law

Horizontal Property Law of Kentucky (KRS Chapter 381) (Recitals: 'provisions of the Horizontal )

Assessments & dues

Not fixed amount; based on percentage of common expenses per unit (Exhibit B) (Article VI(A): 'Each unit owner shall be)

Special assessments

Permitted; for reconstruction/repair after casualty if insurance insufficient; no explicit percentage limit (Article X(E): 'If the proceeds of insura)

Collections & liens

Unpaid common expenses constitute a lien on the unit, prior except first mortgage and tax liens. Foreclosure by lawsuit after 30 days default, including attorney fees. Also, a lien for repair costs if owner fails to undertake after 10 days (Article VI(C): 'any unpaid common expens)

Reserves & fees

Implied: common surplus after allowance for reserve; Board may retain reserves for future expenses (Article VI(A): 'shall share in the commo)

Leasing & rentals

Yes, but subject to conditions: minimum lease term one year; owner must have resided in unit at least two years; 20% premium on common expenses (except special assessments); Board approval required. (Article XIII(A): 'No unit owner may disp)

Fences

Not explicitly; but any alteration to common elements including fencing would require Board approval. (Article V(E) covers any change to exteri)

Architectural approval

Yes, for any alteration or improvement to common elements or units that affect common elements or other units; must have prior written consent of Board. Consent must be requested in writing; Board must answer within 30 days. (Article V(E): 'No alteration or improvem)

Setbacks / home size

Unit sizes range from 939.23 to 1557.73 square feet (Exhibit A). No mandated minimum beyond actual units. (Exhibit A shows unit sizes.)

Maintenance

Council: building (except unit interiors), roof, grounds, parking lot, structural portions, exterior doors/windows (interior painting/caulking/repair by owner), all common elements not otherwise mentioned, incidental damage from work, balco (Article V(A) and V(B): detailed lists of)

Use restrictions

Not explicitly stated as restricted to residential; but condominium appears residential. (No explicit restriction found; but units)

Voting & meetings

Each unit owner entitled to one vote per unit; percentages not specified; decisions by unit owners expressed by same person who would cast vote at meeting (Article VII(F): 'Whenever the decision o)

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