Glengate

Key facts from Glengate's documents

Community type

Real Estate Development (Planned Unit Development) (Preamble B)

Governing law

60 Okla.Stat. §§851 through 855 (Preamble B)

Assessments & dues

Board of Managers prepares budget and determines assessments; allocated per fractional undivided interest in common elements (per Exhibit A) (Article 4.5; By-Laws 8)

Special assessments

Allowed for capital improvements, deficits, or to bring owner into compliance; special assessments for individual lot also allowed (Article 4.4)

Collections & liens

Assessments (when recorded) constitute a lien on each lot, prior to all other liens except taxes and first mortgages; Association may foreclose (Article 4.6)

Reserves & fees

Adequate reserve fund for maintenance, repairs, replacement of common elements (Article 4.2: "adequate reserve fund for )

Parking & vehicles

Commercial vehicles, semi-trucks (except pickup), inoperable automobiles, boats not permitted to remain on property other than temporarily (Article 7.3: "No commercial vehicle, sem)

Fences

Fences subject to ARC approval (Art 8.1 includes "fence") (Article 8.1)

Architectural approval

Yes – no improvement or alteration (including fences, walls, screens, etc.) shall be commenced until approved by Board (Article 8.1, 8.2)

Maintenance

Owner responsible for damage to common elements caused by owner/tenant/guests (Art 5.3). Association responsible for maintenance of common elements (Art 4.2). Owner maintains their own lot. (Article 4.2, 5.3)

Insurance

Association shall obtain property and liability insurance covering common elements, with severability of interest endorsement (Article 9.5)

Use restrictions

Implicit; no commercial vehicles, no business signs; "No trade, occupation or business" (not explicit but implied from restrictions) (Article 7.1 (nuisances) and 7.3 (signs))

Voting & meetings

Each lot has one vote; value equal to common interest per Exhibit A (Article 3.2: "one (1) vote per lot"; By-)

Amendments

Amendments require written assent of majority of owners, recorded in Oklahoma County (Art 9.3). By-Laws may be amended by Board unless otherwise provided. (Article 9.3; By-Laws Article 11)

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