Broadway Condominiums

Key facts from Broadway Condominiums's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: Declaration of Unit Ownership Est)

Legal name

Broadway Condominiums

Governing law

Oklahoma Unit Ownership Estate Act (Section 1.1: 'Act means the Oklahoma Uni)

Assessments & dues

Determined by Board each year; not fixed amount (Section 9.1: 'Regular Assessments suffic)

Special assessments

Board may levy Special Assessments by majority vote; may require approval of Majority in Interest if above certain threshold? Not specified (Section 9.2: 'may levy Special Assessmen)

Collections & liens

Unpaid assessments constitute a lien on the Unit; can be foreclosed; redemption period after sale of 30 days or longer (Sections 9.7, 9.8, 9.11)

Reserves & fees

Reserve Fund Requirement for deferred maintenance and replacement; part of Regular Assessments (Section 9.3: 'Reserve Fund Requirement' )

Voting & meetings

Voting rights based on Allocated Interest per Unit (Section 6.4: 'each Unit shall be represe)

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