Thierman

Key facts from Thierman's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Horizontal property regime established u)

Legal name

The Thierman Condominiums

Governing law

Kentucky Revised Statutes Sections 381.605 through 381.910 (Page 1)

Collections & liens

Unpaid Common Expenses, attorney's fees, late charges, interest constitute a lien on units, prior to all other liens except taxes and first mortgage. Lien may be enforced by suit; 30 days' written notice required. Money judgment can be obta (Section K)

Reserves & fees

Maintenance Reserve Fund established, funded from assessed Common Expenses, payable monthly. Owner's proportionate interest cannot be withdrawn or separately assigned; transferred with unit. Upon termination of regime, remaining fund distri (Section P)

Insurance

Fire and extended coverage, vandalism, malicious mischief, liability insurance, and if required by law, worker's compensation insurance (Master Policy). (Section M)

Use restrictions

Unit shall be used only for single family residential purposes (Section G.1)

Voting & meetings

Each unit entitled to one vote on the Council (Section H: 'Each condominium unit shall )

Amendments

Declaration may be amended by signatures of 75% of unit owners, effective upon recording. Owners may amend to alter/merge units prior to sale without harming common elements of sold unit. (Section R)

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