Homestead I

Key facts from Homestead I's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

residential subdivision (WHEREAS clauses (Page 1) - "a residentia)

Legal name

Homestead Property Owners Association

Developer / declarant

Danfort-Peve L.L.C.

Governing law

60 Okla. Stat. §§ 851 et seq. (Page 1, WHEREAS: "under the provisions o)

Assessments & dues

$200.00 for Class A members; $0 for Class B (as of 1996). (Article 5.3 (Page 6): "Type of Member Am)

Special assessments

May be levied with assent of two-thirds of voting members at meeting called for that purpose; also individual special assessments against an Owner to reimburse Association for costs of bringing that Lot into compliance. (Article 5.4 (Page 7))

Collections & liens

Assessments, together with late charges, interest, costs and attorney's fees, constitute a lien on the Lot superior to all other liens except taxes and first mortgages. Association may foreclose lien as provided by law. (Article 5.1 (Page 5) and Article 5.8 (Pa)

Reserves & fees

Annual assessments shall include an adequate reserve fund to insure, maintain and repair the Common Areas. (Article 5.5 (Page 7): "Annual assessment)

Pets

Household pets (dogs, cats or other) allowed, provided not kept, bred or maintained for commercial purposes. (Article 7.10 (Page 9): "dogs, cats or ot)

Leasing & rentals

Lease or rental of a Lot for residential purposes shall not be considered a violation. (Article 7.2 (Page 8): "Lease or rental o)

Parking & vehicles

No commercial vehicle, truck (other than standard size pickup truck), inoperable vehicle, boat, camper, trailer, mobile home, or similar equipment shall remain upon any area within Homestead except temporarily (less than 24 hours) unless wi (Article 7.11 (Pages 9-10))

Fences

Perimeter fence on lots abutting Homestead Boulevard shall be uniform, originally constructed by Declarant on fence and maintenance easement (Association Fence). No other perimeter fence permitted on those lots. Any other fence requires pri (Article 7.21 (Page 11))

Architectural approval

No building, structure, fence, wall, obstruction, improvement or alteration shall be erected, placed or altered on any Lot except with prior written approval of the Building Committee. (Article 7.3 (Page 8) and Article 7.23 (P)

Solar & roof

Roof of each residence shall be composition shingles (Prestige II or equivalent/superior approved by building committee) of a color approved by building committee. Variances allowed if in conformity with architectural design of Homestead. (Article 7.7 (Page 9))

Home business

No trade or business of any kind may be carried on. Lease or rental of a Lot for residential purposes is not a violation. (Article 7.2 (Page 8))

Signs & flags

No signs or billboards on any Lot except: signs placed by builders or licensed realtors for sale/rental; signs approved by Association; an Owner's "For Sale" sign approved as to size and content. (Article 7.14 (Page 10): "No signs or bil)

Setbacks / home size

Front building line as shown on Plat; no building structure or part thereof within five feet (5') of the side property line nor within twenty feet (20') of the back lot line. (Article 7.8 (Page 9))

Maintenance

Association responsible for maintenance of Common Areas including Association Fence (originally constructed). Owner responsible for maintenance of segment of Association Fence on his lot and grass/plantings on both sides. (Article 7.21 (Page 11): "The Association)

Use restrictions

Each Lot shall be used for single family residential purposes only. (Article 7.2 (Page 8): "each Lot shall be)

Voting & meetings

Class A members: 1 vote per Lot; Class B member(s): 1 vote per Lot owned by Declarant. Cumulative voting for Board elections. (Article 4.3 and 4.4 (Pages 4-5) for voti)

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