River Forest Courtyard Homes

Key facts from River Forest Courtyard Homes's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals: "residential condominium proje)

Legal name

River Forest Courtyard Homes

Units / lots

Up to 140 units (including phased additions) (Article II(A): "there shall be One Hundr)

Developer / declarant

VBD & ASSOCIATES, INC.

Governing law

Kentucky Horizontal Property Law, KRS 381.805 to KRS 381.910 (Recitals, after WHEREAS)

Assessments & dues

Proportionate share of common expenses; share equals unit's floor area percentage of total floor area (see Exhibit B) (Article III(B): "that percentage interes)

Special assessments

Permitted for common expenses (including after casualty if insurance insufficient) (Article IX(E): "assessments shall be mad)

Collections & liens

Unpaid assessments constitute a lien on the unit, prior to all other liens except first mortgage and tax liens; can foreclose in like manner as a mortgage (Article V(C): "any unpaid common expense)

Reserves & fees

Reserve, contingency, or surplus fund allowed; Declarant's consent required during marketing interval for increases beyond initial budget proportion (Article VI(F)(3)) (Article V(G): "reserve or contingency ac)

Leasing & rentals

Yes, unit owner may lease unit; subject to compliance with condominium documents; written notice required (Article X(A): "The unit owner of each un)

Use restrictions

Implied as residential condominium; no express restriction stated (The project is described as a residentia)

Voting & meetings

Each unit owner votes in proportion to their percentage interest in common elements (floor area based) (Article III(B): percentage interest equa)

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