Valencia Homeowners Association

What Valencia Homeowners Association's governing documents say

Springs at Valencia is a planned single-family home community (HOA) in Oklahoma City. This governing document creates the homeowners association, defines the property, and sets up the rules for all owners and residents — covering use restrictions, architectural review, maintenance duties, and association finances. The developer (Declarant) retains significant control until a future transition to owner control.

• Community type & who it binds: This is a standard HOA for attached or detached single-family homes — it is not a condominium. The rules run with the land and bind all owners, occupants, tenants, guests, and invitees.
• Association powers & governance: The Association (all owners) manages common areas, enforces rules, and sets budgets. The Board can create, change, or delete rules without a membership vote, though members can veto a new rule within 30 days if more than 50% of Class A votes plus the Class B member object. The developer (Declarant) holds a Class B membership with extra voting power until it chooses to give up that control.
• Architectural & design review: A Design Review Board (DRB) — initially controlled by Declarant — must approve all new construction and most exterior changes (paint, fences, landscaping, solar panels, etc.). Variances are possible in limited circumstances. The DRB can charge reasonable review fees.
• Maintenance & insurance: Owners must maintain their Lot to the 'Springs at Valencia Standard' (the prevailing level of care in the community). The Association maintains common areas. Each owner must carry property insurance on their own improvements. The Association carries master insurance on common areas.
• Leasing & rentals: No rule may prohibit leasing, but the Association may require a minimum lease term up to 12 months and can require use of approved lease forms. The Association cannot charge a leasing fee beyond its reasonable administrative costs.
• Assessments & fees: All owners pay regular 'Base Assessments' (initial amounts in Exhibit E, which is not provided here). The Board can increase Base Assessments by up to 20% per year without a vote. Special Assessments (for unbudgeted expenses) require approval of a majority of owners plus the Class B member. Late payments accrue 10% annual interest (or higher if the Board sets it) plus potential late fees and attorneys fees, and create a lien against the property.
• Use restrictions & rules changes: The Board can add or change use restrictions at any time (with 5 business days' notice to owners and a hearing opportunity). Rules cannot abridge religious displays, unreasonably regulate political signs, interfere with household composition, or require removal of pre-existing compliant property. The Association may require a single housekeeping unit per Lot and limit occupants based on Lot size.
• Enforcement & fines: The Board can fine owners, suspend voting rights or amenity privileges, remove unapproved structures (at owner expense), and tow vehicles violating parking rules — all after notice and a hearing (except in emergencies). Fines become liens. The Association can sue for violations and recover costs and attorneys fees.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.