Stratford Place Condominium

Key facts from Stratford Place Condominium's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Stratford Place Condominium

Units / lots

135 (Section 16 (page 22): 'seventy-five perc)

Governing law

Oklahoma Unit Ownership Estate Act (Recitals (page 11))

Assessments & dues

Determined annually by Board based on estimated expenses (Section 18 (page 22): 'Board of Director)

Special assessments

Requires majority of all Owners (in person or by proxy) at meeting called for that purpose (Section 18 (page 22-23): 'shall have the)

Collections & liens

Unpaid assessments constitute a lien on the Unit; may be foreclosed (Section 20 (page 25-26): 'the Associatio)

Reserves & fees

Association required to maintain adequate reserve fund for maintenance, repair and replacement of Common and Limited Common Elements (Section 19 (page 25): 'Association shall)

Pets

Not clearly addressed; page 17 states 'No animal... shall be kept' but Table of Contents includes 'Household Pets; Care' (page 1). Full pet provisions missing. (Section 7 (page 17): 'No animal, includi)

Leasing & rentals

Yes, with restrictions (Section 7 (page 15): 'a Unit may be rent)

Architectural approval

Yes, for any changes affecting exterior, windows, doors, antennas, etc. (Section 12 (page 20): 'an Owner shall no)

Home business

Not explicitly addressed; only Declarant's business office allowed (Section 8) (Section 8 (page 15-16): 'Declarant may m)

Signs & flags

Prohibited without prior written consent of Association (Section 7 (page 17): 'No sign of any kin)

Maintenance

Association (part of Common Elements since roof is load-bearing and exterior) (Definition 1.7.3 (page 13) and Section 1)

Insurance

Fire and extended coverage, vandalism, malicious mischief, boiler and machinery, etc. on Common Elements and Units (Section 23.1 (page 27): 'Master Policy..)

Use restrictions

Yes, as single family residence (Section 7 (page 15): 'shall be used and )

Voting & meetings

Based on percentage of undivided ownership in Common Elements as set forth in Exhibit C (Section 17 (page 22): 'in accordance wit)

Amendments

Requires approval of 90% of Unit Owners, 75% of first mortgage holders, and government agency consent (VA, FHA, etc.) (Section 16 (page 22): 'the provisions of)

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