Summit Lake Estates

Key facts from Summit Lake Estates's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Summit Lake Estates

Units / lots

at least 90 (based on Bylaws milestone) (Bylaws 3.3(a): 'when 90 Lots have been c)

Developer / declarant

Summit Lake, L.L.C., an Oklahoma limited liability company (Introduction)

Assessments & dues

set annually by Board in budget; Base Assessment level reasonably expected to produce total income for Association (Article VIII - 8.1 and 8.2)

Special assessments

allowed for unanticipated Common Expenses, levied against all Owners (Article VIII - 8.6)

Collections & liens

yes, assessments constitute a lien on the Lot; superior to all liens except tax liens and first mortgages; may be foreclosed by suit (Article VIII - 8.8)

Reserves & fees

required; budget includes reserves for capital repair and replacement of Common Area and Area of Common Responsibility (Article VIII - 8.2: 'Budgeting for Reser)

Pets

yes, but rules may prohibit roaming, objectionable noise, endangerment; no prohibition of existing pet when rule adopted prospectively (Article III - 3.3(g) and Exhibit B - 2(f)

Leasing & rentals

yes, with disclosure to Association within 10 days of execution of lease (Exhibit B - paragraph 4: 'Owner must mak)

Fences

fences may be installed only on specified boundaries (southerly boundaries of Summit Lake Estates and along Coffee Creek Road right-of-way); height and type limited (Exhibit B - paragraph 7)

Architectural approval

yes, for any structure, alteration, addition, landscaping, improvement, site work on any portion of the Property (Article IV - 4.1: 'No structure shall be)

Home business

permitted subject to conditions: not apparent from outside, no regular client visits, no door-to-door solicitation, compatible with residential character, etc. (Exhibit B - 2(q))

Signs & flags

subject to restrictions; political signs allowed per state law; religious/secular displays allowed with reasonable time/place/manner restrictions (Article III - 3.3(b) and 3.3(c))

Setbacks / home size

2,700 sq ft heated and cooled for specified lots; 3,000 sq ft for others in Section 1 (Exhibit D - IV.A.1 and A.2)

Maintenance

Owner maintains Lot and improvements; Association maintains Common Area and Areas of Common Responsibility (Article V)

Use restrictions

yes, each Lot intended for construction, use, and occupancy as a detached residence for a single family (Concepts and Definitions - 'Lot')

Voting & meetings

one vote per Lot; Co-owners share vote; voting may be by proxy; Class A and Class B membership classes (Article VI - 6.2 and Article II - 'Membe)

Amendments

requires affirmative vote or written consent of 75% of Class A Members; while Declarant owns property, its written consent also required (Article XVII - 17.1)

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