Cobblestone Park Country Estates by the Lake

Key facts from Cobblestone Park Country Estates by the Lake's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Cobblestone Estates By The Lake

Governing law

Oklahoma Real Estate Development Act (1971, §§851-855, as amended) (Recitals, page 9)

Assessments & dues

Determined annually by Board of Directors based on budget; beginning with conveyance from Declarant, assessments due annually (Article 14 (page 23), By-Laws Art. 5.2.1)

Special assessments

Board of Directors may levy special assessments for capital improvements, emergency expenses, etc. (Article 14 (page 23), By-Laws Art. 4.3.7)

Collections & liens

Unpaid assessments constitute a lien on the Lot, prior to all other liens except taxes, first mortgage, and certain mechanics' liens; Association may foreclose (Article 16 (page 24-26))

Reserves & fees

Association shall establish and maintain a reserve fund for periodic maintenance, repairs, replacement (By-Laws Art. 4.3.12 (page 45), Art. 5.2.)

Pets

Only dogs, cats, birds, fish, or other animals with prior written permission of Association (Article 4.15 (page 17))

Leasing & rentals

Yes, but leases shall be in writing and subject to Declaration; minimum lease term of thirty (30) days (Article 4 (page 14-15))

Parking & vehicles

Not explicitly restricted; but subject to general parking restrictions (Article 4.13 (page 16))

Architectural approval

Yes, for any building, fence, wall, embankment, or other structure; plans and specifications must be approved by Architectural Control Committee (Article 4.14 (page 17); By-Laws Art. 13.)

Home business

Prohibited except for Declarant's sales office until all Lots sold (Article 4 (page 15))

Setbacks / home size

Each residence shall contain a minimum of 3,500 square feet of floor space (excluding basement, open porches, and garages) (By-Laws Art. 13.3.2 (page 59))

Maintenance

Owner responsible for all portions of Lot (interior and exterior); Association responsible for Common Elements (Article 8 (page 20-21))

Insurance

Association shall carry comprehensive general liability, casualty, fidelity, worker's compensation, and any other insurance required by governmental agencies (Article 19 (page 27), By-Laws Art. 4.13 )

Use restrictions

Lots shall be used and occupied only for single family residence purposes; no rentals for less than thirty (30) days (Article 4 (page 14))

Voting & meetings

One vote per Lot; no cumulative voting; voting by proxy allowed (By-Laws Art. 2.2, 2.5 (page 40))

Amendments

This Declaration may not be amended without consent of a recorded majority of holders of first mortgages or 3/4 majority of Owners (or as required by mortgagees) (Article 13 (page 22-23), Article 26.9 (p)

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