Carlton Lakes I

Key facts from Carlton Lakes I's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Units / lots

24 lots (Section 1.14, Page 7 ("the twenty-four ()

Governing law

Okla. Stat. §§ 851 et seq. (Preamble, Page 5)

Assessments & dues

Initial $300 per Lot due upon initial sale. Regular assessment for 2002 maximum $500 per Lot per year. Thereafter, maximum may increase by up to 15% per year, subject to 2/3 approval. (Section 7.03, Page 18-19)

Special assessments

Permitted for purposes including construction, reconstruction, repair or replacement of roads, paving, culverts, buildings, and other improvements in Commons. Must be fixed uniformly per Lot, and if requiring Owner approval, notice sent 10- (Section 7.05, Page 18; Section 7.06, Pag)

Collections & liens

Association has lien with power of sale on each Lot for unpaid assessments. Lien may be enforced by suit, foreclosure, or power of sale. Lien covers delinquency, interest, costs, attorney's fees. (Section 7.09b, Page 20-21; Section 7.10,)

Reserves & fees

Association may establish adequate reserves for replacement of capital items; regular assessments include adequate reserve fund for maintenance, repairs, and replacements of Common Elements. (Section 7.02, Page 18 ("adequate reserve)

Pets

Yes, reasonable number of generally recognized house or yard pets allowed. Horses allowed on Lots 1,2,3,16? (text unclear) but up to 2 horses per such Lot, with approved structure. No other livestock, fowl, poultry, fish, reptiles. (Section 4.01e, Page 11)

Leasing & rentals

Yes, but only to a Single Family. Lot may not be subdivided; only entire Lot may be rented. No portion of Lot may be leased. (Section 4.01f, Page 11-12)

Parking & vehicles

Not specifically addressed.

Fences

Fences require ARC approval. Must be constructed of wood boards, wrought iron, or vinyl; artistic in design; not exceed 6 feet in height measured from high side; no chain-link fences permitted. Variances may be granted. No fence in front ya (Architectural Rules f, Page 44)

Architectural approval

Yes, prior written approval of Design Review Committee required for any improvement, alteration, excavation, or change to exterior appearance. Also for fences, outbuildings, roofing, mailboxes, etc. (Section 4.01d, Page 11 (lawn maintenance)

Home business

Prohibited (no gainful occupation, profession, trade). (Section 4.01a, Page 10)

Signs & flags

Not specifically addressed (signs only).

Setbacks / home size

Minimum square footage: 2,000 sq ft (but document says "minimum square... foot") and may not exceed two stories. Text: "Any Residence constructed... shall have a minimum square footage... and may not exceed two stories... unless approval gr (Section 8.04a, Page 24 ("2,800 square fe)

Maintenance

Association responsible for maintenance of Commons, including roads, signs, landscaping, etc. Owner responsible for Lot maintenance (lawn, etc.) and per Declaration. Declarant initially provides asphalt road but maintenance then passes to A (Section 3.03, Page 8-9; Section 3.08, Pa)

Insurance

Association may insure Commons against loss or damage, may carry liability insurance, workers' comp. Insurance proceeds used for repair or replacement. (Section 5.03b, c, Page 16-17)

Use restrictions

All Lots shall be used for Residential Use only. No gainful occupation, profession, trade, or other non-residential use. One single family residence permitted per Lot, plus private garage (max 4 cars), guest house, servant quarters. (Section 4.01a, Page 10)

Voting & meetings

One vote per Lot; Declarant has five (5) votes per Lot owned. In elections, each Lot owner may list up to five nominees; cumulative voting used. (Section 6.03, Page 17; By-Laws 3.08, Pag)

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