Lakeside Mountain Property Description:lt 1 Lakeside Mountain

Key facts from Lakeside Mountain Property Description:lt 1 Lakeside Mountain's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

39 (Lots 1 through 39) (Article II, Section 1 and Plat reference)

Developer / declarant

D&N Development, LLC, an Arkansas limited liability company, as successor in interest to PMT, LLC (Preamble)

Assessments & dues

To be fixed by the Association in accordance with its Articles and Bylaws; not specified in this document. (Article XIV, Section 1)

Special assessments

Allowed; Improvement District may levy special assessments as needed for purposes. (Article XV, first paragraph)

Collections & liens

Yes – assessments constitute a continuing lien on the Lot; may be foreclosed. Subordinate to first mortgage. Also maintenance liens (Article XI). (Article XIV, Section 1; Article XI, Sect)

Pets

Yes – dogs allowed; horses allowed (livestock restrictions apply). (Article VII, I (dogs); Article VII, C an)

Leasing & rentals

Yes, but only entire Lot may be rented (not a portion); and transient accommodation prohibited unless consent of Declarant. (Article VII, U)

Parking & vehicles

Boats and horse vans may be stored if location and manner acceptable to ARC. (Article VII, E)

Fences

All fences must be approved by ARC. (Article VII, D)

Architectural approval

Yes – No building, structure, improvement, exterior alteration, landscaping without prior written approval of Architectural Control Committee. (Article IV, Section 2)

Home business

Prohibited without written approval of Architectural Control Committee. (Article III, Section 1; Article VII, A)

Signs & flags

One construction sign (max 12 sq ft) during construction; one 'For Sale' sign (max 24x30 inches); one nameplate (max 96 sq in). No other advertising signs or billboards. (Article VII, K; Article VIII)

Setbacks / home size

Minimum front setback: 50 ft from centerline of road or 25 ft from nearest road easement boundary (whichever greater); minimum side: 25 ft; minimum rear: 50 ft. ARC may authorize variations. (Article IV, Section 7)

Maintenance

Owner responsible for their lot and improvements. Improvement District responsible for maintenance of Common Use Areas (roads, lakes, trails, etc.). Association enforces covenants and operates ARC. (Article XI, Section 1; Article XIV, last)

Use restrictions

Yes – single-family dwelling per lot. (Article III, Section 1)

Voting & meetings

Owner of each Lot entitled to one vote per Lot; Declarant entitled to three votes per Lot for amendments (Article XVIII, Section 2) (Article XVIII, Section 2)

Amendments

First 20 years: 75% of eligible votes; thereafter: 70% of eligible votes. Declarant has three votes per Lot; other owners one vote per Lot. Amendment must be recorded. (Article XVIII, Section 2)

Amenities

Common Use Areas include roads, parks, lakes, bridal paths, pedestrian paths. Also listed: bridal paths, permanent parks, lakes, open spaces, landscaped entrances. (Article I definition of Common Use Areas)

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