The Oaks Subdivision Homeowners Association, Inc.

Key facts from The Oaks Subdivision Homeowners Association, Inc.'s documents

Community type

Covenant / Planned Community

Legal name

FOREST OAKS SUBDIVISION COMMUNITY ASSOCIATION, INC.

Developer / declarant

FOREST OAKS CORPORATION

Assessments & dues

Not fixed; Developer guaranteed not to exceed $228 per year until December 31, 1995 (Article VI Section 8 (PAGE 14))

Special assessments

Allowed for budget shortfalls, emergencies, or insufficient reserves for capital improvements (Article VI Section 2 (PAGE 12))

Collections & liens

Association has lien against each lot upon recording of declaration; may file claim of lien and foreclose like a mortgage after 30 days past due (Article VI Section 7 (PAGE 13-14))

Reserves & fees

10% of unpaid amount (Article III Section 23, Article VI Secti)

Pets

Yes, limited to house pets, not kept for commercial purposes (Article III Section 17 (PAGE 7))

Parking & vehicles

No trucks or vehicles used for commercial purposes may be parked unless inside a garage and concealed from public view (Article III Section 15 (PAGE 6-7))

Home business

No business or commercial building; exception: real estate brokers and owners may show lots for sale or lease; Developer may maintain model homes, sales offices, etc. (Article III Section 1 (PAGE 3-4))

Signs & flags

One temporary sign not exceeding 4 sq ft for sale (subject to Developer approval); one construction sign up to 4 sq ft; individual house name/number plates allowed (Article III Section 16 (PAGE 7))

Use restrictions

Lots may be used for single-family residential living units and for no other purpose (Article III Section 1 (PAGE 3-4))

Voting & meetings

Amendments require at least two-thirds (2/3) of voting rights of members; also for termination of declaration (Article IX Section 1 and 6 (PAGE 16-18))

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