Lone Oak Run

Key facts from Lone Oak Run's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Homeowners' Association, Inc.

Developer / declarant

Lone Oak Ridge, L.L.C.

Assessments & dues

Annual assessment set by Association; may increase each year by no more than 15% without vote; special assessments may be levied (Article VI, Section 2: 'maximum permissi)

Special assessments

Association may levy special assessments for capital improvements (Article VI, Section 1: 'for capital impr)

Collections & liens

Assessments are a lien on the Lot; subject to foreclosure; sale or transfer does not relieve from lien; mortgagee entitled to notice of default (Article VI, Section 4 (Page 13-14): 'dee)

Reserves & fees

Interest at the highest lawful rate on delinquent amounts (Article V, Section 3 (Page 9): 'interest)

Use restrictions

All Lots shall be used exclusively for residential purposes (Article IV, Section 3.1 (Page 8): 'All L)

Voting & meetings

Each Lot Owner entitled to one vote for each Lot owned; Declarant entitled to three votes for each Lot owned until twenty-first (21st) anniversary of the Declaration (Article III, Section 3.1: 'every Lot Own)

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