Grand Timber

Key facts from Grand Timber's documents

Community type

Residential Subdivision (Single Family Homes) (Section 4.01a – Residential Use; Section)

Legal name

GRAND TIMBER HOMEOWNERS ASSOCIATION, INC. (Section 1.04)

Units / lots

At least 28 (lots referenced up to #28) (Section 7.05 – exemptions for Lots 26,27)

Developer / declarant

Kanaly Properties, Inc., an Oklahoma Corporation (Preamble)

Governing law

60 Okla. Stat. (Oklahoma Uniform Common Interest Ownership Act reference) (By‑laws Article 2: ″submitted to the pro)

Assessments & dues

Maximum regular assessment set at $2,500.00 per Lot per year (initial) (Section 7.03: ″maximum regular assessmen)

Special assessments

Allowed for capital improvements; must be recommended by Board and approved by 2/3 vote of Lots; exceptions for Lots 26,27,28 (Section 7.05, 7.06)

Collections & liens

Association has a lien on the Lot for unpaid assessments; can file claim of lien and foreclose in manner of a mortgage; priority over homestead and other liens except tax liens; power of sale (Section 7.07, 7.08)

Reserves & fees

Assessments shall include an adequate reserve fund for maintenance, repairs, and replacements of Common Elements (By‑laws Article 8; also Section 7.02 (in)

Pets

Reasonable number of recognized house or yard pets; not for commercial purposes (Section 4.01e)

Leasing & rentals

Implicitly allowed (references to lessees, tenants) – no specific restrictions or minimum term (Section 10.01 (indemnity for guests, ten)

Parking & vehicles

Must be totally enclosed in a building (Section 4.01q)

Signs & flags

Generally prohibited except: signs required by legal proceedings; one construction sign (max 24″×24″, 3 sq. ft.); Declarant signs; signs approved in advance by Design Review Committee; all signs set back 10 feet from street edge (Section 4.01o)

Use restrictions

All Lots shall be used exclusively for Residential Use and recreational facilities incidental thereto (Section 4.01a)

Voting & meetings

One vote per Lot; fractional votes not allowed; if co‑owners cannot agree, vote is lost; Declarant gets five votes per Lot owned initially; each Lot has equal weight; voting by proxy allowed (Section 6.03; By‑laws 3.06)

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