Overlook at Beargrass Creek

Key facts from Overlook at Beargrass Creek's documents

Community type

Condominium

Legal name

The Overlook at Beargrass Creek Condominiums

Developer / declarant

Overlook Beargrass, LLC

Governing law

Kentucky Horizontal Property Law, KRS 381.805 to 381.910 (Recitals and Section 1(b)(i))

Assessments & dues

Board shall determine regular total assessment at least every 12 months based on budget (Section 11(b): "The Board shall, from ti)

Special assessments

Board may levy special assessments for construction, structural alteration or replacement of Common Elements; limits: $2,500 per item, $5,000 aggregate per year without member approval; Developer consent required until all Units sold (Section 11(d): "the Board may levy speci)

Reserves & fees

Reserves for future capital improvements, periodic maintenance, repair and replacement of Common Elements, and working capital (Section 11(b): "The Board shall establis)

Signs & flags

No 'For Sale' or 'For Rent' signs except as determined by Board; Owner and its agents may place signs on unsold units; mortgagee who becomes owner may place signs; no other advertising displays (Section 13(d): "No 'For Sale' or 'For Re)

Use restrictions

No noxious, offensive or illegal activity; nothing that becomes an annoyance or nuisance to other Unit owners or occupants, or constitutes waste at common law (Section 13(j): "No noxious, offensive or)

Voting & meetings

20% of total votes; if Developer has sole voting power, presence of Developer constitutes quorum (By-Laws Article V D: "The presence at th)

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