Highlands Village

Key facts from Highlands Village's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Declaration, first paragraph)

Legal name

Highlands Village Condominiums

Developer / declarant

Louisville Housing Services Corporation

Governing law

Kentucky Condominium Property Law, KRS 381.805 through 381.910 (Declaration, first paragraph)

Assessments & dues

Council annually determines estimated common expenses and sets monthly assessments based on percentage of common interest (Declaration Section H.7: 'annually deter)

Collections & liens

All sums assessed for common expenses constitute a lien on the unit, prior except for taxes and mortgage; enforced by suit in like manner as mortgage; 30 days written notice required before suit; Council may bid at sale and acquire unit; mo (Declaration Section K)

Reserves & fees

Maintenance Reserve Fund established; funded by monthly assessments based on percentage interest; fund non-withdrawable and non-assignable separately, transfers with unit; upon termination, remaining balance distributed per common interest (Declaration Section P)

Leasing & rentals

Developer recognizes existing leases; unit owner may show for sale or lease; otherwise no leasing restrictions stated (Declaration Section S; Bylaws Article IV)

Architectural approval

Written approval of Council required for installation of wiring, television antenna, air conditioning units, or other equipment on exterior; also for decorating/landscaping any entrance, hallway, balcony, stoop, planting area (Bylaws Article IV Section 3(m) and 3(g))

Setbacks / home size

Council shall observe any setback lines affecting the Project as shown on Plans (Declaration Section H.5)

Maintenance

Roofs are part of common elements maintained by Council (Declaration Section A.2(b): 'roofs' list)

Insurance

Fire and extended coverage, vandalism, malicious mischief, liability insurance, and if required, workers' compensation; also other perils as Council deems customarily covered (Declaration Section M)

Use restrictions

Units shall be used only for residential purposes (Declaration Section F.1; Bylaws Article )

Voting & meetings

Voting percentage equals percentage of common interest assigned to each unit in Declaration; executors, administrators, guardians, trustees may vote; joint owners may divide vote; vote by proxy allowed (Bylaws Article I Section 7 and Section 8)

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