Arkansas Code Title 18, Subtitle 2, Chapter 13 - Horizontal Property Act

• § 18-13-101 - Title.
  This chapter shall be known as the "Horizontal Property Act".
• § 18-13-102 - Definitions.
  As used in this chapter: (1) "Apartment" means a part of the property intended for residential, commercial, industrial, or any other type of independent...
• § 18-13-103 - Establishment of Horizontal Property Regimes.
  Whenever a sole owner or the co-owners of a building already constructed or the owners of property upon which a building is to be...
• § 18-13-104 - Master Deed.
  (a) The master deed creating and establishing the horizontal property regime shall be executed by the owner or owners of the real property making...
• § 18-13-105 - Plans to Be Attached to Master Deed.
  (a) (1) There shall be attached to the master deed, at the time it is filed for record, a full and exact copy of...
• § 18-13-106 - Additional Units in Excess of Those Described in Master Deed.
  (a) The sole owner or co-owners of property constituted and established under this chapter as a horizontal property regime may, by description of their...
• § 18-13-107 - Waiver and Reestablishment of Regimes.
  (a) All of the co-owners or the sole owner of a building or property constituted into a horizontal property regime may waive this regime...
• § 18-13-108 - Bylaws.
  (a) The administration of every building constituted into horizontal property shall be governed by bylaws which shall be inserted in, or appended to, and...
• § 18-13-109 - Modification of Administration.
  (a) The sole owner of the building or, if there is more than one (1), the co-owners representing two-thirds (2/3) of the total value...
• § 18-13-110 - Book of Receipts and Expenditures -- Examination.
  (a) The administrator, the board of administration, or other form of administration specified in the bylaws shall keep a book with a detailed account,...
• § 18-13-111 - Status of Individual Units.
  Once the property is submitted to the horizontal property regime, an apartment in the building may be individually conveyed and encumbered and may be...
• § 18-13-112 - Ownership and Valuation of Separate Units and Common Elements.
  (a) (1) An apartment owner shall have the exclusive ownership of his or her apartment and shall have a common right to a share,...
• § 18-13-113 - Types of Joint Ownership.
  Any apartment may be held and owned by more than one (1) person as joint tenants, as tenants in common, as tenants by the...
• § 18-13-114 - Common Elements.
  (a) The common elements, both general and limited, shall remain undivided and shall not be the object of an action for partition or division...
• § 18-13-115 - Conveyances.
  (a) Any conveyance or other instrument affecting title to an apartment which describes the apartment by using the plan letter or number followed by...
• § 18-13-116 - Liability for Expenses and Assessments.
  (a) (1) The co-owners of the apartments are bound to contribute pro rata, in the percentages computed according to § 18-13-112, toward the expenses...
• § 18-13-117 - Insurance Generally.
  The co-owners may, upon resolution of a majority, insure the building against risk, without prejudice to the right of each co-owner to insure his...
• § 18-13-118 - Application of Insurance Proceeds to Reconstruction.
  (a) In case of fire or any other disaster, the insurance indemnity shall, except as provided in subsection (b) of this section, be applied...
• § 18-13-119 - Sharing of Reconstruction Costs When Building Not Insured or Indemnity Insufficient.
  (a) When the building is not insured or when the insurance indemnity is insufficient to cover the cost of reconstruction, the new building costs...
• § 18-13-120 - Taxation.
  (a) (1) Taxes, assessments, and other charges of this state, of any political subdivision, of any special improvement district, or of any other taxing...

Last modified: November 15, 2016