Madison Park Property Description:lt 1 Madison Park

Key facts from Madison Park Property Description:lt 1 Madison Park's documents

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

Community type

Covenant / Planned Community

Legal name

Madison Park

Developer / declarant

Arkansas Real Estate Investment Partners, LLC and James Built Homes, Inc.

Assessments & dues

$1,800 per year (computed from $150 monthly fee) (Section 13: "pay a $150.00 monthly assoc)

Special assessments

Association may apportion expenses for improvements and maintenance on a pro rata basis by affirmative vote. (Section 13)

Collections & liens

Nonpayment of apportioned expenses may constitute a lien on the property by filing a lien notice with the Circuit Clerk for Pulaski County. (Section 13: "Such expenses, if not timel)

Pets

Household pets, tropical fish, dogs and cats are permitted. No commercial dog or cat breeding enterprises are allowed. (Section 9: "Household pets, tropical fis)

Parking & vehicles

No commercial or inoperative vehicles may be stored or parked on any lot except for the purpose of making routine deliveries. (Section 7: "No commercial or inoperative)

Fences

All fencing must be approved by developer or POA. Private courtyards must be accessible by lawn maintenance personnel on scheduled maintenance days. (Section 10)

Architectural approval

No alteration of exterior portion of building without approval of developers or association. All fencing must be approved by developer or POA. No outbuildings permitted unless approved in advance. (Section 4: "No alteration of exterior po)

Signs & flags

No sign displayed to public view except one sign not more than six (6) square feet advertising property for sale, lease or rent. Developers may advertise during sales phase. (Section 8: "No sign of any kind shall be)

Setbacks / home size

Setbacks shall be in accordance with plan development attached as Exhibit B. (Section 3: "Setbacks shall be in accorda)

Use restrictions

All property shall be used solely for residential purposes. (Section 1: "All property shall be used s)

Voting & meetings

One vote per residence; Developers have majority vote as long as they own any parcel. (Section 13: "association shall act by ma)

Amendments

Covenants may be amended or revised by agreement of at least seventy percent (70%) vote of the property owners. (Section 12)

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