Hepburn

Key facts from Hepburn's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and throughout)

Legal name

Hepburn Condominiums

Governing law

Kentucky Horizontal Property Law, KRS 381.805 through 381.910 (Preamble, Article I definitions)

Assessments & dues

Board determines annually, subject to Council approval; includes operating and reserve funds (Section 7.2(a))

Special assessments

May be levied by Council for reasonable purposes; may be against one unit, group, or all; apportionment based on square feet unless unfair (Section 7.2(c))

Collections & liens

Assessment constitutes a continuing lien on the unit; may foreclose like a mortgage; includes costs and attorneys fees (Article VII, Sections 7.1, 7.6, 7.7)

Reserves & fees

Required; reserves for capital improvements held in separate account; board authorized to disburse (Section 7.2(a)-(b))

Leasing & rentals

Yes, subject to Declaration, Bylaws, Rules; lease must be in writing and copy delivered to Board (rent may be redacted) (Section 5.3)

Maintenance

Council maintains common elements; unit owner maintains interior of unit (including plumbing, HVAC, etc.) and limited common elements as per Declaration (Article VI, Section 6.3; Article I, Sect)

Insurance

Each unit owner must obtain insurance on interior improvements, furnishings, personal property, and comprehensive personal liability insurance (Section 8.7)

Use restrictions

Unit shall be used only for single-family residential purposes (Section 5.1)

Voting & meetings

One vote per unit; joint owners must agree on vote or no vote (Article VI, Section 6.1)

Amendments

By majority of unit owners, effective upon recording; except as otherwise provided in Declaration or Act (Section 11.2)

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