Belmont Park II

Key facts from Belmont Park II's documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Developer / declarant

Belmont Farms, a Limited Liability Company (pg5: 'Belmont Farms, a Limited Liability)

Assessments & dues

Set by Board of Directors. Maximum may increase each year based on Consumer Price Index. (Article VII, Section 3, pg12: 'the maxim)

Special assessments

May be levied for the purpose of defraying the cost of any construction, reconstruction, repair, or replacement of a capital improvement on the Common Area, including fixtures and personal property. Requires assent of at least one-half of t (Article VII, Section 4, pg12-13: 'specia)

Collections & liens

Assessments are a continuing lien on the property, superior to any homestead or other exemptions. May be foreclosed in any manner provided by Oklahoma law for foreclosure of mortgages. (Article VII, Section 1, pg11: 'a charge )

Reserves & fees

$25.00 (Article VII, Section 8, pg13: 'plus a la)

Pets

Dogs, cats, or other household pets may be kept, provided they are not for commercial purpose or create a neighborhood nuisance. (Article VIII, pg14: 'No animals, livesto)

Home business

Prohibited. No stores or businesses allowed on lots. (Article VIII, pg14)

Use restrictions

All lots and blocks shall be used for private residence purposes only. No store, business, automobile service station, flat, duplex, apartment house, or any building other than single-family dwellings. (Article VIII, pg14: 'All lots and blocks)

Voting & meetings

Two classes: Class A (each owner has one vote per lot); Class B (Declarant has 4 votes per lot until conditions met). After Class B membership ends, all become Class A with one vote per lot. (Article VI, pg10: 'Class B Member(s) sha)

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