Lakeland Harbor Horizontal Pro

Key facts from Lakeland Harbor Horizontal Pro's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

LAKELAND HARBOR HORIZONTAL PROPERTY REGIME

Governing law

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

Assessments & dues

Board estimates annual net charges including reasonable provision for contingencies and replacements, less expected income and surplus from prior years; assessed according to percentages in Master Deed (Article XVIII(a))

Special assessments

Board may levy special assessment against a unit for cost of maintenance or repair reasonably necessary to protect common elements or preserve appearance and value, if owner fails after written notice (Article XV(i); Article XXXII (deficiency)

Collections & liens

Lien upon recording notice of assessment; priority over all other liens except tax liens and prior recorded mortgages; enforceable by sale by Board of Administration (Article XIX; Article XX)

Reserves & fees

Implied: annual estimate includes reasonable provision for contingencies and replacements (Article XVIII(a))

Pets

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

Architectural approval

Written consent of Board of Administration required for any structural alteration, improvement or addition in or to unit or exterior; also for painting or decorating any portion of common elements (Article XXIV)

Maintenance

Owner keeps interior and exterior of unit in good order, including plumbing fixtures, water heaters, furnaces, lighting, disposals, etc.; Board maintains and repairs common elements (Article XXIII; Article XV)

Use restrictions

Units and common elements shall be occupied and used by owner's family or lessees or guests (Article XXV(a))

Voting & meetings

Each owner entitled to vote; voting power based on basic value percentage (51% majority defined in Article I(e)) (Article XI; Article XIV(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.