Meadowlark Manor Townhouse Estates

Key facts from Meadowlark Manor Townhouse Estates's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential condominium project submitted to the Horizontal Property Law (declares that said property shall be a c)

Legal name

Meadowlark Manor Townhouse Estates Condominiums

Units / lots

37 units within the condominium project, not to exceed 37 units (Subject to Article XIII, there shall be )

Developer / declarant

Samuel C. Avery and Bonnie H. Avery, husband and wife, 812 Alden Road, Louisville, KY 40207 (DECLARANT: Samuel C. Avery and Bonnie H.)

Governing law

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

Assessments & dues

Assessments made and collected pursuant to bylaws; each unit owner's proportionate share equals the percentage interest in common elements set forth in Exhibit B (Each unit owner shall bear the same perc)

Special assessments

Assessments may be levied if insurance proceeds are insufficient for reconstruction/repair; cost of alterations/improvements to common elements substantially benefiting requesting unit owner(s) may be assessed against them in fair proportio (If the proceeds of insurance are not suf)

Collections & liens

Unpaid common expenses constitute a lien against the unit prior to all liens except first mortgage and tax liens; council may sue and foreclose after 30 days default; lien secures legal interest and reasonable attorney fees; foreclosure def (any unpaid common expenses assessed to a)

Reserves & fees

During declarant control period, board may not assess common charges to create/add to/replace reserve, contingency, or surplus fund if effect would increase amount beyond proportion that initial budget reserves bear to total initial budget, (assess any common charges for the creati)

Leasing & rentals

Unit owners have the right to sell or lease the unit and appurtenant common elements (The unit owner of each unit shall have t)

Parking & vehicles

Parking spaces may be limited common elements (reserved for unit) or general common elements; unassigned general spaces available to all unit owners, tenants, guests; council may rent unassigned spaces at rates and periods board deems advis (Any parking spaces not a part of a unit )

Architectural approval

Prior written consent of board required for any alteration or improvement to a unit that would alter or affect common elements or any other unit; permit applications for such work must be approved and executed by board (No alteration or improvement to the unit)

Signs & flags

Declarant may erect and store signs and billboards within units and distribute promotional materials in and around project during marketing (declarant may use unsold units and the c)

Maintenance

Council responsible for maintenance, repair, and replacement of roofs (The buildings (except to the extent of t)

Insurance

Council must insure all buildings, common elements, and improvements to maximum insurable replacement value (excluding foundation/excavation), fire and extended coverage, vandalism/malicious mischief, earthquake, plate glass; public liabili (All buildings, common elements, and othe)

Use restrictions

Each unit shall be occupied as a residence by one family only, except declarant may use unsold units as sales office or model (each unit ... shall be occupied (1) as a)

Amendments

During declarant control period, board may not amend condominium documents without declarant's prior written consent. Declarant may unilaterally amend if it does not alter non-declarant unit interests, increase non-declarant common expenses (Article VI(F); Article III(D); no adjust)

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