Oaks III Owners Assoc

Key facts from Oaks III Owners Assoc's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

single_family_home (Article 3.3: 'used and occupied only for)

Legal name

Oaks III Owners' Association, Inc.

Developer / declarant

EARL AUSTIN CONSTRUCTION CO.

Assessments & dues

Each Owner obligated to equally pay estimated or actual Common Expenses imposed by Board (Article 13.1)

Special assessments

Board may levy special assessment for capital improvements (Article 13.4)

Collections & liens

Unpaid assessments constitute a lien on the Lot, enforceable by foreclosure in like manner as mortgage (Article 15)

Reserves & fees

Adequate reserves for periodic maintenance, repair, replacement of Common Elements (Article 14.3)

Pets

Only household pets allowed (Article 4.16)

Leasing & rentals

Implicitly allowed; Owner may have tenants (Article 3.3 and Article 2.2 (tenants men)

Parking & vehicles

Unsightly vehicles, trucks, campers, RVs, motor homes, large commercial vehicles, inoperable vehicles, and vehicles being repaired are prohibited on streets (Article 4.7)

Architectural approval

Plans and specifications must be submitted in duplicate to and approved in writing by Architectural Control Committee (Article 4.12)

Maintenance

Association maintains Common Elements; Owner maintains Lot and improvements (Articles 8 and 9)

Insurance

Association may obtain general liability, workers' compensation, directors & officers, and flood insurance (Article 18)

Use restrictions

Lots used and occupied only for single family residence purposes (Article 3.3)

Voting & meetings

Amendments require 80% of aggregate ownership interest of Common Elements (Article 12)

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