Madison Park Property Description:lt 1 Madison Park

Key facts from Madison Park Property Description:lt 1 Madison Park's documents

Reflects the 2010 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Madison Park

Developer / declarant

Arkansas Real Estate Investment Partners, LLC and James Built Homes, Inc.

Assessments & dues

$1,800 per year (computed from $150 monthly fee) (Section 13: "pay a $150.00 monthly assoc)

Special assessments

Association may apportion expenses for improvements and maintenance on a pro rata basis by affirmative vote. (Section 13)

Collections & liens

Nonpayment of apportioned expenses may constitute a lien on the property by filing a lien notice with the Circuit Clerk for Pulaski County. (Section 13: "Such expenses, if not timel)

Pets

Household pets, tropical fish, dogs and cats are permitted. No commercial dog or cat breeding enterprises are allowed. (Section 9: "Household pets, tropical fis)

Fences

All fencing must be approved by developer or POA. Private courtyards must be accessible by lawn maintenance personnel on scheduled maintenance days. (Section 10)

Setbacks / home size

Setbacks shall be in accordance with plan development attached as Exhibit B. (Section 3: "Setbacks shall be in accorda)

Use restrictions

All property shall be used solely for residential purposes. (Section 1: "All property shall be used s)

Voting & meetings

One vote per residence; Developers have majority vote as long as they own any parcel. (Section 13: "association shall act by ma)

Amendments

Covenants may be amended or revised by agreement of at least seventy percent (70%) vote of the property owners. (Section 12)

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