Westgate (KY)

Key facts from Westgate (KY)'s documents

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

Community type

Condominium

Legal name

Westgate Condominiums

Developer / declarant

Tich, Inc., a Kentucky corporation (Preamble)

Governing law

Horizontal Property Law of the Commonwealth of Kentucky, KRS 381.805 to KRS 381.910 (Preamble)

Assessments & dues

Council acting through Board of Directors shall determine regular total assessment at least once every 12 months (Article V(G)(1))

Special assessments

Council may levy special assessments for reasonable purposes, apportioned based on square feet unless unfair (Article V(G)(3))

Collections & liens

Unpaid assessments constitute a lien on the Unit, enforceable by foreclosure after 30 days default, including attorney fees (Article V(C))

Reserves & fees

Council shall estimate and hold reserve funds for future capital improvements in a separate account (Article V(G)(1))

Leasing & rentals

Yes, Unit Owner may sell or lease Unit subject to notice to Council (Article IX(A))

Architectural approval

Yes, for any alteration or improvement affecting common elements or other Units, with prior written consent of Board (Article II(G))

Signs & flags

Declarant may erect and store signs within Units and distribute promotional materials; others not addressed (Article II(D))

Maintenance

Council (Article II(E)(1))

Insurance

Fire and extended coverage, vandalism, malicious mischief, liability insurance, and worker's compensation if required, covering buildings and common elements at 100% replacement value (Article VIII(A)(1)-(2))

Use restrictions

Each Unit shall be occupied as a residence by one family only (except Declarant's sales/model use) (Article II(D))

Voting & meetings

Each Unit Owner is a member of the Council; voting not detailed but each Unit Owner has a percentage interest in common elements (Article I(G), Article III(B))

Amendments

By Declarant during control period; thereafter by vote of >50% interest after notice to all Unit Owners and mortgagees, with Board approval, and recorded (Article XIII)

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