Promenade Court Townhomes

Key facts from Promenade Court Townhomes's documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Master Deed title (doc 122021 page 1); g)

Legal name

Promenade Court Townhomes, a Condominium

Developer / declarant

Berkley Partners 1989-1, a Kentucky General Partnership

Governing law

Horizontal Property Law, Sections 381.805 through 381.910 of the Kentucky Revised Statutes (Master Deed page 4 (Declaration) (doc 12)

Assessments & dues

Based on percentage of common interest derived from floor area of Unit relative to total floor area of all Units (Master Deed §4 (doc 122021 page 10))

Special assessments

Permitted for emergency repairs, owner failure to maintain Limited Common Elements, or as provided in Bylaws; becomes a lien enforceable like a mortgage (Master Deed §1.11.6, §1.11.7 (doc 122021)

Collections & liens

Unpaid common expenses and special assessments constitute a lien on the Unit; may be foreclosed like a mortgage; lien inferior to first mortgage and taxes (Master Deed §19 (doc 122021 page 41); §1)

Reserves & fees

Capital Replacement Fund (Section 24) and Maintenance Fund (Section 23) provided (Master Deed §23 and §24 (doc 122021 page)

Maintenance

Maintenance, repair and replacement of General Common Elements (including roofs, foundations, structural walls, etc.) are responsibility of Council. Maintenance and repair of Limited Common Elements (including window units, door units, pati (Seventh Amendment §1.11.2 and §12.1 (doc)

Use restrictions

Units shall be used only for residential purposes (Seventh Amendment §14.1 (doc 120640 page)

Voting & meetings

One vote per Unit (Master Deed §5.5 (doc 122021 page 15))

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