Rustic Oaks (OK)

Key facts from Rustic Oaks (OK)'s documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential subdivision (Rustic Oaks Addition) (PAGE 1: RUSTIC OAKS ADDITION)

Units / lots

Not explicitly stated; lot numbers referenced in multiple sections (General reference; e.g., Section 7.07 - )

Governing law

Oklahoma law (Section 11.07 (or 12.04) - Oklahoma Law)

Assessments & dues

$250.00 per lot per year (PAGE 18: Two Hundred fifty ($250.00) Dol)

Special assessments

Allowed for capital improvements, construction, reconstruction, etc. (Section 7.04-7.05: Special assessments s)

Collections & liens

Association may file lien for delinquent assessments, interest, costs, attorney fees; may foreclose as on a mortgage or trust deed (Section 7.07a: right to lien; Section 7.)

Reserves & fees

Interest at lesser of maximum rate permitted by law or Bank+Trust prime rate plus 3% (Section 7.10: interest at the lesser of )

Architectural approval

DRC must approve or disapprove within 30 days of submission; if no action within 30 days, approval deemed granted (Section 8.08: Time for Approval)

Setbacks / home size

Not to exceed two stories unless variance granted by DRC (Exhibit B item 2: not exceed 2 stories; )

Insurance

Association to obtain property insurance on Commons (Section 5.03b), liability insurance (5.03c), other insurance as needed (5.03d) (Section 5.03b, 5.03c, 5.03d)

Use restrictions

Lots shall be used for single-family residential purposes only (Section 4.01a: Single Family Residential)

Voting & meetings

Each Lot owner is a member; voting rights per Lot? Not specified in detail; certain actions require 2/3 vote of Lots (e.g., debt >$1,000) (Section 6.03 (voting), Section 6.07 (2/3)

Amendments

Holders of a majority of the Lots may amend this Declaration at any time; amendment must be recorded (Section 11.03)

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