Princeton Parke

Key facts from Princeton Parke's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

PRINCETON PARKE

Assessments & dues

For Builders: $1,500 per Lot per year; after first Lot conveyed to Owner: $400 per Lot per year for Owners (Section 5.2)

Special assessments

Board may levy Special Assessment if Annual Maintenance Charge insufficient (Section 5.3)

Collections & liens

Lien on Lot and improvements for unpaid assessments; subordinate to first mortgage; foreclosure under Oklahoma Mortgage Foreclosure Act; Association may bid at foreclosure up to amount due (Section 5.6)

Reserves & fees

Not explicitly mentioned; 'Maintenance Fund' used for operation and maintenance (Section 5.1: 'Maintenance Fund')

Pets

Yes, household pets as defined by city ordinance, kept solely as domestic pets (Section 2.1.K)

Parking & vehicles

Permitted per city ordinances; but no storage or habitual parking on streets for more than 48 hours (Section 2.1.C and Section 2.3.Q (48-hour)

Fences

Standard wood privacy fencing 6 ft height; good side out; stained Kelly Moore 'Pecan' or similar; certain lots require 10 ft fence; lakefront lots require 4 ft black aluminum; interior fencing not beyond building line; corner lots set back (Section 2.5.A)

Architectural approval

Yes, for any improvement affecting appearance, including construction, alteration, painting, etc. (Section 3.2)

Home business

Allowed if unobtrusive and merely incidental to primary residential use (Section 2.1.B)

Signs & flags

Allowed: one 'For Sale' sign per lot (max 9 sq ft); job identification sign (max 9 sq ft); political signs (max 4 sq ft each) from 3 weeks before election to 2 days after; other signs require ARC approval; no signs intended to slander; buil (Section 2.1.M)

Setbacks / home size

1,750 square feet (veneer) on first floor, exclusive of steps, porches, balconies, garages, storage (Section 2.4.A)

Maintenance

Owner responsible for Lot and Residential Dwelling; Association responsible for Common Area 'A' (including lakes, streams) and maintenance of common elements (Section 2.3.S (Owner), Section 2.6.G (As)

Insurance

Association shall maintain property insurance on Common Area and liability insurance (Section 6.1)

Use restrictions

Each Lot shall be used for single family residential purposes only (Section 2.1.B)

Voting & meetings

Class A: 1 vote per Lot; Class B: Declarant votes; conversion when last Lot deeded to Class A or 15 years after recording (Section 4.2, 4.3)

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