Overbrook Property Owners’ Association

Key facts from Overbrook Property Owners’ Association's documents

Community type

Covenant / Planned Community

Legal name

Overbrook Property Owners' Association (Article I, Articles of Incorporation: "T)

Governing law

Arkansas Nonprofit Corporation Act (Act No. 176 of the 1963 Acts of Arkansas, Arkansas Statutes Section 64-1901 et seq.) (Articles of Incorporation preamble: "In )

Special assessments

May be levied in any assessment year for capital improvements. Cannot exceed three times the current fixed annual assessment. Requires two-thirds vote of members present or by proxy. (Bill of Assurance paragraph (18)(g); By-)

Collections & liens

Assessments are a continuing lien on the property and also the personal obligation of the owner at the time due. Association may bring action at law or foreclose the lien. Interest, costs, and reasonable attorney's fees added. Lien is subor (Bill of Assurance paragraph (18)(b), (i))

Signs & flags

One sign per living unit not exceeding four square feet for sale or rent; nameplate not exceeding one square foot for home office (doctor, writer, artist). All other signs subject to approval. Signs on commercial property governed separatel (Bill of Assurance paragraph (13))

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