Bayshore Cove Condominium Hpr

Key facts from Bayshore Cove Condominium Hpr's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium horizontal property regime (Document title: 'Bayshore Cove Condomini)

Legal name

Bayshore Cove Condominium Horizontal Property Regime Property Owners Association, Inc.

Governing law

Act No. 60 of the Acts of the General Assembly for the State of Arkansas for 1961 (Article IX)

Assessments & dues

Not fixed; determined annually by Board based on budget estimate. (Article V Section 1)

Special assessments

Board may levy further assessment if estimated cash requirements prove inadequate. (Article V Section 1: 'the Board of Direc)

Reserves & fees

Budget includes 'a reasonable provision for contingencies and replacements'. (Article V Section 1)

Use restrictions

Each unit shall be used solely as a place of personal residence; no business of any kind shall be conducted therein. (Article XI(b) (interpreted from OCR: 'An)

Voting & meetings

Voting on a percentage based on interest in the Regime as per Master Deed; each unit owner gets one vote per unit owned; 'majority' means more than 50% of total vote on the matter. (Article I, Section 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.