London Towne

Key facts from London Towne's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family and duplex residential subdivision (Article VII Section 7.1: lots classified)

Legal name

London Towne Homeowner's Association

Developer / declarant

Innovation Plus, an Oklahoma general partnership

Assessments & dues

$20.00 per lot (Section 5.3: The annual maintenance asse)

Special assessments

Allowed; maximum amount equal to annual maintenance assessment per member per assessment year (Section 5.3.1: special assessment limite)

Collections & liens

Assessment becomes lien; Association may foreclose; lien subordinate to mortgages (Section 5.9.4 and 5.9.5)

Reserves & fees

Interest at the minimum rate then charged by First National Bank and Trust Company of Oklahoma City, plus two percent (Section 5.9.4: interest on the assessmen)

Architectural approval

Yes, for any building, fence, driveway, wall, or other structural improvement (Section 6.1: No building, fence, drivewa)

Home business

Prohibited (Section 7.1: No gainful occupation, prof)

Setbacks / home size

Residence setback line as shown on recorded subdivision plat (Section 7.2.3: No building shall be erec)

Use restrictions

Single-family or duplex residential purposes only (Section 7.1: each lot shall be used excl)

Voting & meetings

Two classes: Class A (one vote per lot for owners other than Declarant), Class B (three votes per lot for Declarant) (Section 3.2: Class A members shall be en)

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