Elm Cottage

Key facts from Elm Cottage's documents

Community type

Condominium (Document title and Article I)

Developer / declarant

Elm Cottage Condominium Association, Inc. (Opening paragraph, Page 1)

Governing law

Kentucky Horizontal Property Law, KRS Chapter 381 (Article I; preamble)

Assessments & dues

Annual budget produced by Association on or before November 1 each year; budget includes reserve; Unit owners pay 1/12 of annual assessment monthly (Article XIII paragraph 11)

Collections & liens

Association has a lien on the unit for unpaid assessments and other sums; may foreclose pursuant to Kentucky Horizontal Property Law (Article XX Section 3(b); Article XIII pa)

Reserves & fees

Budget shall include a reasonable reserve for contingencies and replacements (Article XIII paragraph 11)

Pets

Cats and dogs only (By-Laws Section 18: 'except for cats and)

Parking & vehicles

Designated garage spaces per unit: Units 1&3 have 1 space, Units 2&4 have 2 spaces (Article IV, Section 4, Page 8)

Home business

Prohibited (By-Laws Section 14: 'No industry, busine)

Signs & flags

For Sale signs allowed only when unit is actively listed; no other signs or advertising without prior association approval which may be arbitrarily denied (Article XIII paragraph 14)

Use restrictions

Allowed; single-family residence (Article IX, Section 1: 'Each Unit may be)

Voting & meetings

Each Unit Owner has one vote; total of four votes (By-Laws Section 1: 'one person 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.