Pinnacle Place Garden Homes

Key facts from Pinnacle Place Garden Homes's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Master Deed page 1: "create a Condominiu)

Legal name

The Villas at Pinnacle Place

Developer / declarant

WKB Pinnacle Place, LLC

Governing law

Kentucky Revised Statutes Sections 381.805 through 381.910 (Master Deed page 2)

Assessments & dues

Board determines estimated Common Expenses annually, then assesses monthly or quarterly based on each Unit's percentage of common interest, rounded to nearest whole dollar. (Master Deed Section J)

Collections & liens

Unpaid Common Expenses constitute a lien on the Unit, prior to all other liens except taxes and first mortgage; enforcement by suit like mortgage with 30 days notice. (Master Deed Section L)

Reserves & fees

Capital Replacement Fund: portion of Common Expense collections for capital replacement reserves; disbursements for major capital improvements. (Master Deed Section R)

Leasing & rentals

Yes, but Board may limit number of Units owned for rental by one person/organization. (Master Deed Section G2)

Parking & vehicles

Parking areas are Common Elements; garages and driveways are Limited Common Elements; owners have easements for ingress/egress over driveway. (Master Deed Section D8)

Setbacks / home size

Council shall observe setback lines affecting the Regime as shown on plans. (Master Deed Section I5)

Maintenance

Owner responsible for interior plumbing, HVAC, electrical, hot water heater, window panes, garbage disposal, storm/screen doors, windows, and equipment within or connected to Unit (A5). Association responsible for Common Elements including (Master Deed Sections A3, A5, A6, I3)

Insurance

Fire, extended coverage, vandalism, malicious mischief, liability insurance minimum $500,000 per occurrence, and Workers Comp if required. (Master Deed Section N)

Use restrictions

Unit shall be used only for residential purposes; Developer may use unsold units as models or sales offices. (Master Deed Section G1)

Voting & meetings

One vote per unit; if joint owners disagree, vote divided according to ownership interest; proxy allowed. (Master Deed Section U)

Amendments

Declaration may be amended by majority of unit owners, recorded. Developer may amend to record floor plans of completed units without unit owner consent. By-Laws amendment requires 60% majority. (Master Deed Sections W, U)

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