Arbor Place (KY)

Key facts from Arbor Place (KY)'s documents

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

Community type

Condominium

Legal name

Arbor Place Condominiums

Developer / declarant

Arbor Place, a Kentucky general partnership

Governing law

Horizontal Property Law of the Commonwealth of Kentucky, KRS 381.805 to KRS 381.910 (Recitals, PAGE 3)

Leasing & rentals

Unit owner has right to sell or lease the unit and common elements appurtenant (Article X(A), PAGE 28)

Architectural approval

No alteration or improvement affecting common elements or other units may be made without prior written consent of board of directors (Article II(F), PAGE 8)

Home business

No industry, trade, business, or profession of any kind conducted in any unit or on any part of condominium project (except developer for sales) (Article II(D), PAGE 8)

Insurance

Council shall insure all buildings, units, common elements and improvements at maximum insurable replacement value excluding foundation/excavation costs, against fire and extended coverage, vandalism, malicious mischief, earthquake, plate g (Article VIII(A), PAGE 21-22)

Use restrictions

Each unit shall be used only for residential purposes (Article II(D), PAGE 8)

Voting & meetings

Each unit owner is a member of the Council; voting rights per articles and bylaws; proxy given to developer during initial management period (Article II(B) (membership), Article VI(A)

Amendments

Master deed may be amended by vote of more than 50% of unit owners and first mortgagees, provided: (A) notice of meeting with full statement sent to all unit owners and first mortgagees; (B) board of directors approves amendment; (C) amendm (Article XIII, PAGE 33)

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