Lindell

Key facts from Lindell's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Paragraph 1: "NAVAHO CO-OP CONDOMINIUMS")

Legal name

Navaho Co-Op Condominiums

Developer / declarant

K & W Property Holdings, LLC

Governing law

Kentucky Horizontal Property Law, Sections 381.805 to 381.9207 (Paragraph C)

Assessments & dues

Council determines estimated Common Expenses by vote of majority of all unit owners; may amend estimate during year by same vote; if anticipated increase exceeds 15% of previous year's Common Charges, special meeting must be called and new (Paragraph 2(g) (last part))

Collections & liens

Common Charges constitute a lien on the Unit prior to all other liens except tax assessments and first mortgage lien; 30 days written notice required before enforcement; Council may bid at judicial sale; may also sue for money judgment with (Paragraph 10)

Reserves & fees

Board may establish and maintain a maintenance reserve fund from a portion of Common Charges, payable monthly or quarterly; fund not withdrawable by owner separately but transfers with Unit; on termination, remaining funds distributed to ow (Paragraph 15)

Maintenance

Roofs are Common Elements, so Association responsible for maintenance (Paragraph 2(b)(ii): includes "roofs" in )

Insurance

Master policy of fire and extended coverage, vandalism, malicious mischief, liability insurance, and if required by law, workers compensation (Paragraph 12 introductory paragraph)

Use restrictions

Units shall be used only for residential purposes (Paragraph 6(a): "The Units shall be used)

Voting & meetings

Each unit owner has vote equal to percentage of Common Interest (Paragraph 7: "Each member of the Council)

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