Cresent Condominium

Key facts from Cresent Condominium's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (unit ownership estate) (title: 'A UNIT OWNERSHIP ESTATE'; Sectio)

Legal name

Cresent Condominium Owners' Association

Developer / declarant

Buxton Enterprises, Inc. and Art L. Pemberton and Fanny B. Pemberton (preamble 'WHEREAS, Buxton Enterprises, I)

Governing law

Oklahoma Unit Ownership Estate Act (Title 15 O.S. 1971, Sections 801 to 818?) (By-laws Article XVI (Dispute resolution))

Assessments & dues

Not fixed; determined annually by Board of Directors (By-laws Article IV 2(i): 'To prepare and)

Special assessments

May be levied for capital improvements with majority of owners after written notice (10 days); for emergencies, Board may levy without owner vote; also for deficits (Declaration paragraph 17 (special assess)

Collections & liens

Assessment lien attaches upon recording of notice of unpaid assessment; may be foreclosed like a mortgage; priority subject to taxes, prior judgments, prior recorded mortgages, mechanic's liens for unit work (Declaration paragraph 19: 'Such lien may)

Reserves & fees

Reserves (sinking funds) for repair or replacement due to wear or obsolescence; also capital improvements reserves (By-laws Article V 2: 'Reserves (sinking )

Pets

Animals allowed if kept with care and restraint; not objectionable; dangerous animals prohibited; no commercial breeding; no more than __ without written permission; no running loose (Declaration paragraph 8.M: 'No animal sh)

Signs & flags

Radio transmitting devices prohibited; no explicit sign restriction but architectural control likely covers signs (Declaration paragraph 8.J: 'No radio tra)

Use restrictions

Units shall be used for single family purposes only (Declaration paragraph 8: 'all such units)

Voting & meetings

Unit owners vote in proportion to their undivided ownership interest in the common elements; voting may not be split; proxies allowed (By-laws Article II: 'Voting may not be s)

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