River Bluff Town Homes Hpr

Key facts from River Bluff Town Homes Hpr's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

River Bluff Town Homes Development

Governing law

Act 60 of 1961 of the General Assembly of the State of Arkansas (Article XXIII)

Assessments & dues

$100.00 per unit per month initially (Article XVBOARD OF ADMINISTRATION POWERS)

Special assessments

Allowed for capital additions/improvements over $5,000 (with owner majority approval) and for unit maintenance if owner fails (Article XV(j) and (i))

Collections & liens

Unpaid assessments become a lien upon recordation of notice; lien may be foreclosed by sale; owner pays costs and attorney's fees; lien filed if 3+ months delinquent; foreclosure after 30 days notice (Article XIX, Article XX)

Reserves & fees

Budgeted percentage of monthly assessment held in reserve for contingencies and replacements of drives, exterior roofing, painting, extraordinary maintenance (Article XV (assessment paragraph))

Pets

Dogs, cats or other household pets may be kept in unit, subject to rules adopted by Board (Article XXV(e))

Leasing & rentals

Owners entitled to rent their property subject to regulations (Article XXV(k))

Use restrictions

Each unit shall be occupied and used for no purpose other than as a private residence for a single family or the owner's lessees or guests (Article XXV(a))

Voting & meetings

Each owner votes in proportion to basic value; cumulative voting allowed for Board elections (Article IV, Article XV(a))

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