Brookside Townhouses Hpr Property Description:brookside Townhouses Hpr

Key facts from Brookside Townhouses Hpr Property Description:brookside Townhouses Hpr's documents

Community type

Horizontal Property Regime (Document title and preamble)

Legal name

Brookside Townhouses Horizontal Property Regime

Governing law

Arkansas Code (references to Arkansas Code in Article VII) (Article VII (Damage or Destruction))

Assessments & dues

Board adopts budget before fiscal year based on estimated charges; assessments are fixed according to percentages in Master Deed. (Article IV, Sections 1 and 2)

Special assessments

Board may levy further assessment if charges become inadequate. (Article IV, Section 2)

Collections & liens

Delinquent assessment creates a lien; Board may foreclose; lien subordinate to prior recorded mortgage. Certificate of indebtedness may be recorded. Foreclosure sale permitted; Board may bid. (Article IV, Section 5(a), (c))

Reserves & fees

Budget includes reserves for contingencies and replacements. (Article IV, Section 1(a))

Pets

Household pets may be kept, subject to rules and regulations adopted by the Board. No animals, livestock, or poultry of any kind shall be raised, bred, or kept. (Article VI(c))

Architectural approval

Exterior devices (antennas, satellite dishes) and any exterior remodeling or redecorating (e.g., painting) must be pre-approved by Board. (Article VI(g) and (h))

Voting & meetings

One vote per condominium unit; if multiple owners, vote cast as a unit; if any owner owns more than one condominium, their vote counts as one (not per unit). (Article II, Section 6)

Amendments

By-laws may be amended by affirmative vote of majority of co-owners or majority of Board; but if amending method of administration, requires two-thirds vote of co-owners. Amendment must be filed for record in Pulaski County. (Article IX)

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