Pulaski Heights

Key facts from Pulaski Heights's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Horizontal Property Regime) (Page 1, recitals: 'as a Horizontal Prope)

Developer / declarant

HAT PROPERTIES, LLC, an Arkansas limited liability company (Page 1: 'WHEREAS, HAT PROPERTIES, LLC...)

Governing law

Ark. Code Ann. Section 18-13-101 et seq. (Act 60 of 1961) (Page 1 recitals referencing 'Act 60' and)

Assessments & dues

Not fixed; determined by Board each year based on estimated cash requirements. (Bylaws Article VI Section 1)

Special assessments

Permitted if estimated cash requirements prove inadequate. (Bylaws Article VI Section 1)

Collections & liens

Unpaid assessments create a lien on the Unit, superior to all other liens except federal/state tax liens and recorded mortgages. Board has all rights and remedies allowed by law. (Master Deed Section 5)

Reserves & fees

Budget includes 'reasonable provision for contingencies and replacements'. (Bylaws Article VI Section 1)

Leasing & rentals

Units may be leased (condominium ownership includes right to lease). (Master Deed Section 6.a: 'Units may only)

Architectural approval

Yes, for any alteration to Limited Common Elements (e.g., patios) and for any exterior addition/change/alteration to the Building. Also for penetration of load-bearing walls. (Master Deed Section 3.c(i) (Limited Comm)

Home business

Not explicitly addressed; but no noxious or offensive activities allowed, which may restrict certain businesses. (Master Deed Section 6.g(i))

Maintenance

Roof over main building and mechanical room is a Limited Common Element for the Units it serves. The visible/exterior portion of Limited Common Elements is maintained from Regime funds (Section 3.c). Thus roof maintenance is Association res (Exhibit B (roof is limited common elemen)

Insurance

Fire insurance with extended coverage for full insurable replacement value of Units and Common Elements; comprehensive general liability insurance with limits not less than $1 million per person/$1 million per occurrence; workers' compensat (Bylaws Article V Section 1(a)-(c))

Use restrictions

Each Unit shall be used for single-family residential uses only. (Master Deed Section 6.a)

Voting & meetings

Each Unit Owner votes in proportion to the percentage of basic value of the Regime appertaining to that Unit (e.g., 4% value = 4 votes). Votes cannot be split within a Unit. (Bylaws Article III Section 4)

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