Piccadilly Square Condos

Key facts from Piccadilly Square Condos's documents

Community type

Condominium

Legal name

Piccadilly Square Condos

Governing law

Unit Ownership Estate Act of Oklahoma (Page 10: "Unit Ownership Estate Act")

Assessments & dues

Determined annually by Board; not a fixed amount (Page 23: "fixing and determining ... the)

Special assessments

May be levied by Board with consent of 66 2/3% of Owners voting in person or by proxy at a meeting called for that purpose (Page 21: "special assessment applicable )

Collections & liens

Unpaid assessments, fees, interest constitute a lien on the Unit; lien may be foreclosed in same manner as a mortgage on real property (Page 25-26: "shall constitute a lien on )

Reserves & fees

Association shall maintain an adequate reserve fund for maintenance, repair, and replacement of Common Elements; fund to be at least two (2) months' estimated Common Expenses (Page 25: "maintain an adequate reserve f)

Pets

Yes, household pets allowed subject to restrictions (Page 17: "Household Pets; Care ... No an)

Leasing & rentals

Leasing allowed but with restrictions; transient rental (less than 30 days) is prohibited if hotel services provided; all leases subject to Declaration and By-Laws (Page 14: "lease or rental for any period)

Parking & vehicles

Recreational vehicles and motor homes are restricted (likely prohibited from regular parking) (Page 15: "No trucks larger than ... recr)

Architectural approval

Yes, any building, fence, wall, or other structure requires approval of Architectural Control Committee (Page 73: "No building, fence, wall, or o)

Maintenance

Association (as part of Common Elements) (Page 12: Common Elements include roofs; )

Insurance

Association shall maintain casualty, comprehensive general liability, fidelity bonds, worker's compensation, directors and officers liability, and flood insurance (Page 27: "Maintain, for the Common Eleme)

Use restrictions

Each Unit shall be used as a single family residence by the Owner and his family and guests (Page 14: "held, occupied, and used as a )

Voting & meetings

Each Unit owner has one vote per Unit; owners of multiple Units have multiple votes (Page 68: "Owner or several Owners of an )

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