Edmond Gardens

Key facts from Edmond Gardens's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development (Preamble: "Planned Unit Development")

Legal name

Edmond Gardens

Developer / declarant

Edmond Gardens, L.L.C., an Oklahoma Limited Liability Company (Article I Section 7)

Governing law

Oklahoma Real Estate Development Act of 1971, §§851-855, as amended (Recital: "pursuant to Oklahoma's Real Es)

Assessments & dues

Start-Up Period (first 18 months after first unit conveyance): $80/month for condominium, $90/month for duplex. Thereafter, as determined by Board per Exhibit B. (Article VIII Sections 1-2)

Special assessments

May be levied with majority vote of Owners and mortgagees; Declarant must approve any capital expenditure over $2,000. (Article VIII Section 4)

Collections & liens

Association may record lien for unpaid assessments, foreclose; lien subordinate to first mortgage; owner may be required to pay rent. (Article VIII Section 5.b)

Reserves & fees

Association may establish sinking fund for future expected expenditures. (Article VIII Section 3.b)

Voting & meetings

One vote per Dwelling Unit owned; multiple owners decide how vote is cast; Declarant has votes for each Lot owned regardless of unit. (Article VII Section 4)

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