Mockingbird Terrace

Key facts from Mockingbird Terrace's documents

Community type

Condominium

Legal name

Mockingbird Terrace Condominiums

Units / lots

no more than 50 (Art II.2.1(b); Art III.3.3(a))

Developer / declarant

Mockingbird Terrace, LLC

Governing law

Kentucky Condominium Act, KRS 381.9101 to 381.9207 (Recitals)

Assessments & dues

Executive Board develops annual budget; each owner pays proportionate share based on Expense Percentage (Art VII.7.5; Art VI.6.1)

Special assessments

allowed, including emergency assessments per KRS 381.9167 (Art VI.6.1)

Collections & liens

lien for unpaid assessments, enforceable by foreclosure like mortgage (Art VI.6.3)

Reserves & fees

included in Common Expenses (Art I.1.1(h))

Leasing & rentals

units may be leased for residential purposes (Art III.3.3(b))

Parking & vehicles

each unit assigned one indoor garage parking space as limited common element; additional spaces may be offered by Declarant (Art V.5.7(a))

Architectural approval

prior written approval for exterior modifications and consolidations (Art III.3.5(b)(vi); Art III.3.7(a))

Use restrictions

each unit shall be used, leased or occupied only for residential purposes (Art III.3.3(b))

Voting & meetings

one vote per unit (Art VII.7.1(d))

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