Faulkner Crossing Ph III Property Description:qtr S2 Sc 6 Ts 1n Rg 10w

Key facts from Faulkner Crossing Ph III Property Description:qtr S2 Sc 6 Ts 1n Rg 10w's documents

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

Community type

Single-family residential subdivision with homeowners association (Article VI, Section 1 (all lots resident)

Units / lots

49 residential lots (Lots 133-141 and 152-191) plus 2 common property lots (CP1 and CP2) (First paragraph: 'Lots 133 through 141 a)

Developer / declarant

Rausch Coleman Arkansas Developers, LLC and Rausch Coleman Mid-Ark, LLC

Assessments & dues

$120.00 per year, due January 1, with first assessment prorated at closing (Article IV, Section 3(B))

Special assessments

Board may levy special assessment for capital improvements in any fiscal year, applicable to that year only, uniform rate (Article IV, Section 4 and Section 5)

Collections & liens

Unpaid assessments (including late charge, interest, costs) become a self-executing lien on the lot; personal obligation of owner; lien continues after sale; Board may collect attorney fees and costs; lien subordinate to first mortgages (Article IV, Sections 6 and 7)

Reserves & fees

Board may establish reserve funds separately from operating funds (Article V, Section 4)

Pets

Dogs, cats, other common household pets allowed; not for commercial purposes; must not be obnoxious or offensive (Article X, Section 2)

Leasing & rentals

Leasing/rental signs permitted (limited), so leasing is impliedly allowed (Article XIII (signs for leasing/rental a)

Parking & vehicles

Boats, trailers, recreational vehicles and vehicles used for recreational purposes not allowed unless they fit entirely into a private garage or within a fenced rear yard screened from street (Article XI, Section 3)

Architectural approval

Two sets of all building and site improvement plans must be submitted to Architectural Control Committee for approval prior to construction (Article VIII, Section 1)

Home business

Home occupations in which customers or suppliers travel to/from residence are prohibited (Article IX)

Signs & flags

Signs prohibited except: one 'for sale' sign not exceeding 6 sq ft; rental/leasing signs not exceeding 4 sq ft displayed from inside window; no rental signs on lawn; builder marketing signs during construction; all signs must comply with ci (Article XIII)

Setbacks / home size

At least 850 square feet of heated and cooled finished space, excluding garages and unheated porches (Article VI, Section 1 and Article VIII, )

Maintenance

Association responsible for Common Properties; owners responsible for their lot and for protecting underground facilities (Article III, Article V, Article VII, Sec)

Use restrictions

All lots shall be used for single-family residential purposes only; no business, trade, or profession (Article VI, Sections 1 and 2)

Voting & meetings

One vote per lot; Developer has 4 votes per lot while Developer owns lots in Subdivision (Article II, Section 2)

Amendments

May be changed by written instrument signed by Owner/Developer while Developer owns at least 1 lot, or by owners of 60% of lots. If conflict, Developer's instrument prevails during Developer's ownership of at least 1 lot. Effective upon rec (Article XIV, Section 3)

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