Delmer Lakes North

Key facts from Delmer Lakes North's documents

Community type

Covenant / Planned Community

Legal name

Delmer Lakes North Homeowners Association, Inc. (Delmer Lakes North Homeowners Associatio)

Developer / declarant

RENO260 LLC (RENO260 LLC (the "Declarant"))

Governing law

Oklahoma law (Oklahoma law (Article 8.7, Article 6.3 c)

Assessments & dues

Set annually by Board; initial Reserve Assessment equal to 2 months HOA dues at closing (Section 6.3: "Reserve Assessment equal t)

Special assessments

For capital improvements; requires assent of at least one-half of Class A members at a meeting (Section 6.4)

Collections & liens

Assessment is a continuing lien; may be foreclosed like a mortgage under Oklahoma law (Section 6.1: "lien upon the property ...)

Reserves & fees

Reserve Account for future road repairs or other expenses deemed necessary by Board (Section 6.3: "held in a separate account)

Architectural approval

Architectural Committee approval required for any construction, alteration, landscaping, fences, sheds, pools, antennas, etc. (Article 3 generally; Section 3.1: "No st)

Signs & flags

Rent or Lease signs not allowed; other signs subject to Architectural Committee approval (Section 3.5t: "Rent or Lease signs shall)

Use restrictions

Single-family dwellings only (Section 3.5a: "No residential home shall)

Voting & meetings

Class A (owners): one vote per Lot; Class B (Declarant): four votes per Lot held (Section 5.3)

Amendments

Declarant may unilaterally amend while owning a Lot; otherwise 75% of Members vote required (Section 9.2: "Declarant may unilaterally)

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