As a private subdivision, University Park is responsible for the maintenance of the streets, sidewalks, curbing, trees bordering the streets, and common-grounds in the Subdivision.

University Park Subdivision is bound by a 51-page Indenture, originally drafted and adopted in 1922. Not only does the Indenture set the physical boundaries of the Subdivision, it outlines the duties and responsibilities assumed by the Subdivision, as well as the procedures and regulations under which the Subdivision operates. This Indenture is a legally-binding document, recognized by both the state of Missouri and the city of University City. Points of interest in the Indenture include:

• University Park Subdivision is governed by a three-member Board of Trustees. The Trustees are elected by property owners in the Subdivision. The Board of Trustees oversees the overall maintenance and upkeep of the Subdivision.

• When making an addition to a property, any residence, garage, out-building, or deck must meet requirements listed in the indenture regarding materials, size, set backs, etc.
  
  In order to verify that all new construction is within the constraints of the Indenture, two (2) members of the Board of Trustees must approve a set of plans before the plans can be submitted to University City for a building permit.

• A regular assessment is levied annually on all properties in the Subdivision by the Board of Trustees. The Board of Trustees also has the option to charge a special assessment each year.