Old Towne Lofts of Edmond

Key facts from Old Towne Lofts of Edmond's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Old Towne Lofts of Edmond Property Owners Association, Inc.

Assessments & dues

First year set by Declarant; thereafter by Association within limits; increase over 10% requires 2/3 vote (Section 4.10; Section 4.3)

Special assessments

Allowed for capital improvements on Common Areas; requires two-thirds (2/3) vote; if increase exceeds 25% of actual annual maintenance assessment, requires nine-tenths (9/10) vote (Section 4.4 (special assessment for cons)

Collections & liens

Association may foreclose lien against the property; attorneys fees and costs added (Section 4.8 (Association may bring actio)

Reserves & fees

$35 per month (Section 4.8 (assessment not paid within )

Pets

Yes, household pets not kept, bred or raised for commercial purposes (Section 8.4 (household pets and not kept)

Architectural approval

Yes, for any building, fence, wall, walk, drive, structure or improvement, including landscaping (Section 5.1 (No building, fence, wall, w)

Signs & flags

Only signs advertising sale or rental of a Lot, not exceeding 5 square feet, allowed (Section 8.2 (except signs advertising th)

Maintenance

Association responsible for exterior maintenance limited to normal wear and tear; Owner responsible for interior and all other exterior maintenance; Association not liable for negligent acts of Owner (Section 6.2 (responsibility of the Assoc)

Use restrictions

All Lots classified as Single-Family; each Lot used exclusively for single family residential purposes (Section 8.1 (All Lots within the Propert)

Voting & meetings

Two classes: Class A (all Owners except Declarant, one vote per Lot) and Class B (Declarant, votes for each Lot owned) (Section 3.2 (Class A Members shall be al)

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