Crestwood (OK)

Key facts from Crestwood (OK)'s documents

Reflects the 1979 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Unit Ownership Estate) (Recitals and Section 1)

Units / lots

52 units in all phases (original) (Section 16: Interim Control of Associati)

Developer / declarant

Eugene H. Brown and Elizabeth B. Brown, husband and wife, and John R. Samara and May F. Samara, husband and wife (Recitals and Section 1.I)

Governing law

Unit Ownership Estate Act of the State of Oklahoma (Recitals)

Assessments & dues

Board of Directors determines estimated aggregate common expenses annually, prorated among units per capita basis and based on Exhibit C percentages (Section 18: Assessment for Common Expens)

Special assessments

Board may levy special assessment for capital improvements or unexpected repair with majority assent of owners (Section 18.D)

Collections & liens

Unpaid assessments constitute a lien on the unit, senior to all liens except taxes, some court judgments, prior recorded mortgages, mechanic's liens (for common elements) and such other exceptions; Association may foreclose (Section 20: Lien for Assessments)

Reserves & fees

Reserves for deferred maintenance and replacement are provided for in the fiscal articles of the By-Laws (By-Laws Article V: Fiscal (Reserves for )

Pets

1 per unit (Section 7.O)

Leasing & rentals

Yes, but minimum lease term of 30 days (Section 7.A)

Use restrictions

Only family residence purposes; rental minimum term of 30 days (Section 7.A)

Voting & meetings

One vote per unit (By-Laws Article II, Section 2)

Amendments

Requires consent of owners representing 80% of undivided interest in common elements and 80% of first mortgagees; additional procedures for annexation (Section 17)

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