Capitol View 4th

Key facts from Capitol View 4th's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

THE SEQUOYAH PLACE HOMEOWNERS’ ASSOCIATION

Developer / declarant

B. Earl Austin and Patricia C. Austin (Page 3, Section 1.20 ("Declarant" defini)

Assessments & dues

Maximum monthly maintenance assessment is $50.00 per Lot, plus any proportionate part of a month. (Page 8, Section 5.3)

Special assessments

For capital improvements, reconstruction, etc., a special assessment may be levied with the assent of two-thirds vote of members. (Page 8, Section 5.4)

Collections & liens

Assessments, together with late charges, interest, and costs, constitute a lien on the Lot and are enforceable by foreclosure. (Page 10, Section 5.10 and 5.11)

Reserves & fees

Interest on delinquent assessments at the per annum prime rate of First National Bank of Oklahoma City plus two percent, plus reasonable attorney's fees and costs of collection. (Page 10, Section 5.10)

Pets

Yes, but only household pets not kept, bred, or raised for commercial purposes, in a reasonable number. (Page 14, Section 9.1)

Leasing & rentals

Yes, but only the entire dwelling unit (no portion) may be leased, and only for residential use. The lease must be subject to the terms of this Declaration and the Rules. (Page 6–7, Section 4.5)

Parking & vehicles

Vehicles shall not be placed in the Streets. (Page 14, Section 9.2)

Architectural approval

Prior written approval of the Architectural Committee is required for any structure, alteration, grading, or excavation. (Page 13, Section 8.2.8)

Use restrictions

All Lots shall be used exclusively for residential purposes. (Page 13, Section 8.1)

Voting & meetings

Class A Members (all Owners except Declarant) have one vote per Lot; Class B Members (Declarant) have three votes per Lot owned. (Page 5, Section 3.2)

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