Perimeter Center

Key facts from Perimeter Center's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development (heading: 'PERIMETER CENTER, A_PLANNED UN)

Legal name

Perimeter Center Association (Section 1.3: 'Association — Perimeter Ce)

Developer / declarant

Perimeter Center #1, an Oklahoma general partnership (Opening paragraph)

Governing law

Oklahoma law (State of Oklahoma references throughout)

Assessments & dues

Board sets monthly assessments based on budget and relative interest (square footage) (Section 11.2.1: 'The Board shall set the)

Special assessments

Emergency assessments allowed with 5% Owner approval (present) for sums over $10,000; special assessments for enforcement/repair costs (Section 11.3: 'emergency assessment ... )

Collections & liens

Association has lien on Lot for unpaid assessments; may foreclose (Section 11.8: 'The Association shall hav)

Reserves & fees

A portion of assessments set aside for reserve fund (Section 11.2.1(b): 'an amount to be set )

Voting & meetings

Each Lot has one vote; voting only by unit, proxies not allowed (Section 9: 'The vote representing a Lot )

Amendments

Requires approval of 90% of Owners for amendments to Declaration (Section 15.1: 'amendments... require the)

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