Valencia at Springhurst

Key facts from Valencia at Springhurst's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Valencia At Springhurst

Developer / declarant

Stephen T. Cox Builder, Inc.

Governing law

Kentucky Horizontal Property Regime Law (p.1: "in the manner provided by Kentucky)

Assessments & dues

For Community Association: $460 per lot for 2004 (Art. III §7(a))

Special assessments

Yes, for capital improvements with assent of members per Bylaws (Art. III §8)

Collections & liens

Yes, assessments constitute a lien on the unit, subordinate only to first mortgage; enforceable by foreclosure (Art. II §3 (HOA); Art. III §5, §11 (Comm)

Reserves & fees

Required: "A reserve shall be included in the Regime’s Common Expense budget for such capital expenditures." (p.3 definition of Common Expenses)

Pets

Yes, but limited to dogs, cats or other household pets (domestic pets traditionally recognized in this geographic area) (Art. IV §8)

Home business

No trade or business conducted on any Unit that may become an annoyance or nuisance; exception for builder's model home or office (Art. IV §12)

Signs & flags

One sign for sale or rent, not greater than 9 sq ft; Developer may erect larger signs; occupant name signs, street numbers allowed per zoning (Art. IV §15)

Use restrictions

Yes, "No patio home shall be used except for private single-family residential purposes." (Art. IV §1)

Voting & meetings

Class A: unit owners, one vote per unit; Class B: Developer, ten votes per unit (Art. II §6)

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