Preserve at Covell

Key facts from Preserve at Covell's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) (Section 1.02 'Association' and Article I)

Legal name

The Preserve at Covell Homeowners Association, Inc.

Governing law

60 O.S. §§ 850 through [[unclear]] (Oklahoma) and related statutes (By-Laws Article XI amendment reference)

Assessments & dues

Initial Street Assessment: $200.00 per Lot per year. Regular Assessment amount not initially specified, set by Board. (Section 7.03 (page 17))

Special assessments

Allowed for Association purposes including construction, reconstruction, repair of ponds, roads, spillways, etc. Must be recommended by Board and approved by 2/3 of voting power. For Common Elements improvements costing over $20,000 in a ye (Section 7.06 (page 17), By-Laws 13.01(c))

Collections & liens

Association has a lien on each Lot for unpaid assessments, interest, costs, attorneys' fees, with power of sale. Lien has priority over other claims except prior mortgages and trust deeds. (Section 7.07 (page 18-20))

Reserves & fees

Association shall maintain adequate reserve fund for maintenance, repairs, replacements of Common Elements. Also contingency fund, reserve, capital and sinking funds. (By-Laws Article VIII (page 41) and Secti)

Pets

Generally recognized house or yard pets may be kept; no livestock. (Section 4.03 (page 7-8))

Leasing & rentals

Not explicitly addressed in extracted text; likely allowed subject to rules. (By-Laws Section 2.02 imposes obligations)

Parking & vehicles

Implicitly prohibited as 'junk' and 'excessive number of motor vehicles' are prohibited. (Section 4.07 (page 9))

Architectural approval

Prior written approval of Design Review Committee required for construction or alteration of any Improvement on any Lot. (Section 8.02 (page 21))

Home business

Permitted if conducted wholly within residence, not open to public, no excessive noise/traffic/nuisance. (Section 4.02 (page 7))

Signs & flags

Not explicitly addressed; signs prohibition may apply. (No specific reference)

Use restrictions

Not explicitly, but business activities allowed only if wholly within Residence, not open to public, no excessive noise/traffic/nuisance. (Section 4.02 (page 7))

Voting & meetings

Each Lot Owner is a member. One vote per Lot, but multiplied for cumulative voting in director elections. Declarant has three (3) votes per Lot owned until control period ends. (Section 6.01, Section 6.04 (page 15), By)

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