Walnut Place

Key facts from Walnut Place's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Walnut Place Condominiums

Developer / declarant

Jackel Company Properties, LLC

Governing law

Horizontal Property Law, Chapter 381 of the Kentucky Revised Statutes (WHEREAS, it is the express desire and in)

Assessments & dues

At each annual meeting, Council fixes amount necessary for common expenses and assesses each unit according to its percentage interest (At each annual meeting the Council shall)

Collections & liens

Unpaid assessments constitute a lien on the unit, inferior only to real estate taxes and prior recorded mortgages; may be foreclosed as per Kentucky law (such amount shall constitute a lien agai)

Reserves & fees

Common expenses include an adequate reserve fund for maintenance, repairs, replacement of common elements; working capital, general operating reserve, reserve fund for replacements (The common expenses shall also include a)

Leasing & rentals

Yes, subject to conditions: copy of lease to Board within 10 days, consistency with governing documents, Board power to terminate lease for tenant default (Any owner of a Unit may lease said Unit )

Parking & vehicles

Trucks larger than a pickup not permitted to stand on common elements (No trailer, boat, camper, bus, mobile ho)

Architectural approval

Prior written approval of the Council required for any further improvements, structural additions, alterations, or improvements; also for alterations to water, gas, heating, electrical, plumbing systems (No further improvements of any nature...)

Use restrictions

All Units shall be used for private residential purposes, except temporary non-residential uses permitted by Board (All Units shall be used for private resi)

Voting & meetings

Percentage-based voting; each unit votes its individual percentage interest. Unanimous vote required on all matters due to small size. (Voting at all meetings 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.