Cedar Springs Lane

Key facts from Cedar Springs Lane's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Subdivision/HOA (Recitals and definitions (non-condominiu)

Developer / declarant

Esperanza Real Estate Investments, LLC

Governing law

State of Oklahoma (County of Oklahoma, first page)

Assessments & dues

Maximum $95.00 per Lot initially (Article 7.3)

Special assessments

Permitted for capital improvements or repairs; requires assent of two-thirds of members (Article 7.2, 7.4)

Collections & liens

Assessment constitutes a lien on the lot, superior to all other liens except real estate mortgage and taxes; may be foreclosed like a mortgage (Article 7.1, 7.10)

Reserves & fees

Interest at 1.5% per month plus a late fee (Article 7.10)

Architectural approval

Reviewer shall respond within 30 days of completed application; if no response within 30 days, approval deemed granted unless inconsistent with Design Guidelines and Community Wide Standard (Article 9.3)

Use restrictions

All Lots within the Property may be used for residential purpose only (Article 8.1)

Voting & meetings

One vote per Lot; multiple owners determine single vote; one class of membership (Article VI)

Amendments

May be amended by vote or written assent of two-thirds of Members; amendment must be filed of record (Article XV)

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