Oakbridge Trails

Key facts from Oakbridge Trails's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single family residential subdivision (Article III - Property Restrictions, Sec)

Developer / declarant

Oakbridge Development, LLC (Recitals: Oakbridge Development, LLC)

Governing law

Oklahoma Real Estate Development Act (Recitals: Submission to Real Estate Deve)

Assessments & dues

Maximum $250.00 per year initially (Section 2.6(B): may not exceed $250.00 p)

Special assessments

Requires assent of 2/3rds of Owners at meeting called with 10 days written notice (Section 2.6(C): special assessment shall)

Collections & liens

Association may file lien for unpaid assessments and foreclose; costs, expenses, attorney fees added (Section 2.6(E) and (F))

Reserves & fees

Initial dues deposited in bank account until $2,000.00 balance, then turned over to Homeowners at initial meeting (Section 2.5(A): Homeowner dues shall be )

Home business

Prohibited (No employment or other pecuniary gain) (Section 2.10: Prohibition of Employment )

Use restrictions

Only single family residences permitted (Article III, Section 3.1: Single family )

Voting & meetings

Two classes: Class A (each Owner one vote per Lot), Class B (Declarant multiple votes until conditions met) (Section 2.2(A) and (B))

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