Quail Springs Condominiums Recreation Association

Key facts from Quail Springs Condominiums Recreation Association's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Throughout, e.g., 'Member Condominium' d)

Units / lots

216 (two hundred sixteen) in initial project QSC-I, plus future annexed projects (Article II: 'two hundred sixteen (216) r)

Governing law

Oklahoma Unit-ownership Estate Act (Oklahoma statutes, 1969, Title 60, Sections 501–531) (Definitions section: 'Unit-ownership Est)

Assessments & dues

Annual budget approved by the Board; assessments allocated equally among Member Condominiums (Section 6.2: 'Board shall approve an ann)

Special assessments

May be levied by Board for needs of Association (other than capital improvements) without Member vote; for capital improvements exceeding 10% of annual budget, requires two-thirds (2/3) vote of Member Condominiums (Section 6.4: 'Special assessments... may)

Collections & liens

Association has a lien on each Member Condominium for unpaid assessments, interest, and collection costs; lien effective from date assessment becomes due; priority over other liens except tax liens and prior Association liens; right to fore (Section 6.10: 'Association shall have a )

Reserves & fees

Board shall provide for an operating reserve fund for capital expenditures for portions of Rec Property that need repair or replacement (Section 6.2: 'Board shall provide for an)

Leasing & rentals

Not explicitly stated in CC&Rs; reference to tenants and guests implies leasing is permitted (Sections 10.1, 10.6, 12.1 mention 'tenan)

Use restrictions

Rec Property not restricted to residential use; commercial, business, immoral, or offensive use prohibited on Rec Property (Section 10.3: 'No commercial, business, )

Voting & meetings

Each Member Condominium has one vote; Declarant has three additional votes per Member Condominium it owns (total of four votes per such unit) until termination of declarant control (Section 5.3: 'each Member Condominium sh)

Amendments

Amendments require vote of 75% of Member Condominiums; cannot affect priority of mortgages without 100% consent of first mortgagees; also requires consent of Declarant while it owns units (Article XVI (16.2): 'amended or restated)

Amenities

Two (2) pools, a cabana, a clubhouse, a thirty-foot by forty-foot (30'x40') enclosed by six-foot chainlink fence encompassing two regulation-size tennis courts (Rec Property description: 'two (2) pools)

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