Tinker Villas

Key facts from Tinker Villas's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential community (Title page)

Developer / declarant

Tinker Villas LLC, an Oklahoma limited liability company (Signature block; Section 2.9)

Assessments & dues

Board adopts annual budget and levies Base Assessments against all Lots (Section 8.1)

Special assessments

May be levied by Board with majority Membership approval for capital improvements, reserves, or uninsured losses (Section 8.3)

Collections & liens

Association may file lien for unpaid assessments and foreclose; may acquire Lot at foreclosure sale (Section 8.7)

Reserves & fees

Board shall adopt annual reserve budgets for replacement of common area components (Section 8.2)

Leasing & rentals

Yes, but subject to rules (Section 3.4: 'no rule shall prohibit lea)

Architectural approval

Yes, any modification requires approval (Section 4.1)

Home business

Allowed if no visible sign of business from outside, no customers, no employees, no traffic (Exhibit C Section 2.15)

Maintenance

Owner (part of Dwelling Unit exterior) (Section 5.3)

Insurance

Deductible treated as Common Expense or Special Assessment against responsible Owner (Section 7.3.1)

Use restrictions

Yes (Section 3.4: 'Dwellings located ... rest)

Voting & meetings

Class A - one vote per Lot; Class B - Declarant appoints directors during control period (Section 6.3 (1) & (2))

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