Canaan Creek Farms

Key facts from Canaan Creek Farms's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Canaan Creek Farms Homeowners' Association

Developer / declarant

White Oaks Oklahoma Partnership

Assessments & dues

Lot Assessment: $200.50 per lot or an amount equal to the quotient of total annual operating costs. Residence Assessment: pro rata share of operating costs exceeding Lot Assessments; limited to $1,000 per residence until 20 residences are s (Article IX, Section 3(b)(1) and (2))

Special assessments

May be levied with approval of 2/3 of votes of owners present or by proxy at a meeting called for that purpose. Board may also make special assessments in installments. (Article IX, Section 4)

Collections & liens

Unpaid assessments, interest, costs and attorney fees become a lien on the Lot, superior to all except tax liens and first mortgages recorded prior. If unpaid after 60 days, Association may foreclose. (Article IX, Sections 6 and 7)

Pets

Yes, but no more than two dogs, cats or household pets per Lot, subject to rules. Board may prohibit pets entirely. Horses may be kept on each lot. (Article II, Section 9)

Leasing & rentals

Yes, for residential purposes only, with prior written consent of the Board of Directors. (Article II, Section 5)

Fences

Chain link fences prohibited. Sight-proof fencing not allowed in front of home unless specifically approved. (Exhibit (Building Limit section))

Architectural approval

Yes, for any exterior addition, alteration, or new construction. Two sets of plans must be submitted to Board or Architectural Committee for approval. (Article X, Section 1 and Exhibit)

Home business

Not explicitly addressed; general prohibition on trade or business applies. (Article II, Section 5)

Setbacks / home size

Minimum 2500 square feet (exclusive of basement, attached garage, etc.). (Exhibit (Residences section))

Insurance

Board shall obtain: bodily injury liability $500,000 single person, $1,000,000 per occurrence; property damage $50,000 minimum. All-risk casualty insurance on Common Area structures and optionally on all lots. (Article V, Section 1)

Use restrictions

Each Lot shall be used for residential purposes only; no trade or business may be carried on. (Article II, Section 5)

Voting & meetings

Two classes: Class A (one vote per lot, all owners except Declarant); Class B (Declarant, three votes per lot until conversion). Conversion occurs when total Class A votes equal 17 or at Declarant's discretion. (Article III, Section 2)

Amendments

Amendment requires instrument signed by not less than 75% of Class A and Class B votes. (Article XII, Section 5)

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