Savannah Springs

Key facts from Savannah Springs's documents

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

Community type

Condominium

Legal name

Savannah Springs Condominiums

Developer / declarant

LIG, LLC (Master Deed, first page: "LIG, LLC, a Ke)

Governing law

Kentucky Horizontal Property Law, KRS 381.805 through 381.910 (Master Deed, first page: "under the Kent)

Special assessments

Allowed for reasonable purposes; may be levied against one Unit, group, or all Units (Master Deed, Section 7.2(c): "The Counci)

Collections & liens

Unpaid assessments become a continuing lien on the Unit; may be foreclosed like a mortgage (Master Deed, Section 7.6: "thereupon bec)

Reserves & fees

Required; funds for capital improvements held in separate account (Master Deed, Section 7.2(a): "reserve fu)

Leasing & rentals

Yes, with written lease subject to Declaration, Bylaws, and Rules; minimum initial term of 180 days; copy of lease must be delivered to Board (rent may be redacted); no amendment may prohibit leasing (Master Deed, Section 5.3: "Any Unit leas)

Voting & meetings

One vote per Unit owned (Master Deed, Section 6.1: "each Unit own)

Amendments

Developer may amend Declaration to expand Regime as provided in Section 2.4; general amendment procedure not specified in provided text, but Section 2.4(b) grants Developer power of attorney to execute amendments for expansion (Master Deed, Section 2.4(b): "Developer )

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