Falls at Vista Lane

Key facts from Falls at Vista Lane's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Falls At Vista Lane

Governing law

Oklahoma Real Estate Development Act (Recitals: Submission to Real Estate Deve)

Assessments & dues

Board of Directors as provided in the Bylaws (Section 2.5: Annual Dues imposed by Asso)

Collections & liens

Association may file lien and foreclose for unpaid assessments; lien attaches from due date (Section 2.5(F), (G): lien may be enforce)

Reserves & fees

Association responsible for funding adequate reserves for eventual replacement of assets (Section 2.4(vii): funding adequate reser)

Pets

Household pets allowed; no savage or dangerous animals; no animal running loose (Section 3.21: Animals and Pets)

Parking & vehicles

Commercial vehicles prohibited except one ton pickup trucks and passenger vans without business advertising; no magnetic or painted signs (Section 3.16: Commercial Vehicles)

Architectural approval

All improvements subject to approval by Declarant or Architectural Committee (Section 1.6: Architectural Control; Sect)

Signs & flags

Only "for sale" or "for rent" signs permitted on Lots; no signs in common areas; signs in yards may be removed without notice if misused (Section 3.14: Signs and Billboards; Decl)

Maintenance

Owner responsible for Lot and improvements; Association responsible for Common Areas (Section 2.4: Association responsible for)

Insurance

Association shall purchase property insurance, liability insurance, director and officer coverage (Section 2.4(iv), (v): insurance policies)

Use restrictions

Single family residences only (Section 3.1: Single family residences)

Voting & meetings

Class A: one vote per lot for all owners except Declarant; Class B: Declarant, converts to Class A upon earliest of: (1) Declarant owns no lots, (2) Class A votes equal Class B votes, (3) January 1, 2030, (4) Declarant’s discretion (Section 2.2: Class A and Class B members)

Amendments

By Declarant’s written consent or as provided in Article IV; Declarant may amend without owner approval for clerical/procedural matters; substantive amendments require recorded instrument (Section 4.2: Amendments; Section 4.2(A),)

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