Red Oak Estates to Edmond

Key facts from Red Oak Estates to Edmond's documents

Community type

homeowners_association (Red Oak Estates Property Owners Associat)

Legal name

Red Oak Estates Property Owners Association, Inc.

Developer / declarant

Red Oak Development Corp.

Assessments & dues

$50.90 per year initially (Section 3: ... 50.90. per year)

Special assessments

allowed for capital improvements with assent of at least two-thirds (2/3) of members of such class at a meeting called for that purpose (Article V, Section 4)

Collections & liens

assessments are a continuing lien upon the property, paramount and superior to any homestead exemption (Article V, Section 1: continuing lien up)

Reserves & fees

interest at ten percent (10%) per annum from due date, plus attorneys fees and costs (Section 7: delinq ... bear interest ... )

Use restrictions

dwelling unit defined as a residence by a single family (Definition K: Dwelling Unit ... residenc)

Voting & meetings

Class A members (all owners except Declarant) each entitled to one vote per lot owned; Class B member (Declarant) entitled to one vote per lot owned (Article III, Section 2)

Amendments

by vote of three-fourths (3/4) of voting membership at a meeting called for that purpose; also special amendment by Developer to comply with agency requirements (Article X, Section 2 and Section 1)

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