The Oaks 1st

Key facts from The Oaks 1st's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

The Oaks Owners' Association, Inc.

Developer / declarant

Earl Austin Construction Co. (Preamble, page 1: 'EARL AUSTIN CONSTRUCT)

Governing law

Oklahoma Unit Ownership Act (as referenced, text struck through but 'Unit Ownership Act' appears) (Page 1: 'the provisions of the ~~Unit Ow)

Assessments & dues

Board of Directors annually estimates Common Expenses and sets assessments, due yearly in advance upon notice (Article 13, page 9: 'assessments for the)

Special assessments

Board may levy a special assessment in any year for construction or reconstruction of a described capital improvement, including fixtures and related costs (Article 13, page 9: 'special assessment )

Collections & liens

All unpaid Common Expenses, fines, interest, and costs constitute a lien upon the Lot, subsequent to first mortgage; foreclosure may be brought in Oklahoma County (Article 15, page 10-12: 'shall constitut)

Reserves & fees

Late charges as provided in the By-Laws of the Association (Article 14, page 10: 'together with late)

Pets

Yes, but no more than two pets may be kept without written consent of the Association (Article 3.7, page 8: 'No more than @ bet)

Leasing & rentals

Yes, Lots may be occupied by the Owner's tenants (Article 3.4, page 4: 'by the Owner, fami)

Architectural approval

Yes, plans and specifications must be submitted in duplicate to and approved by the Architectural Control Committee for harmony of external design, location, materials, color, and conformity with overall design concept (Article 5, page 7: 'plans and specificat)

Maintenance

Owner responsible for maintenance, repair, and insurance of Lot and improvements; Association responsible for Common Elements (maintenance, repair, alteration, insurance) (Article 8, page 8: 'each Owner shall hav)

Insurance

Association shall maintain property insurance on Common Elements, comprehensive general liability insurance, workers compensation, directors and officers liability, and flood insurance if applicable (Article 18, page 14: 'maintain … propert)

Use restrictions

Lots shall be used and occupied only for single-family residence purposes by the Owner, family, tenants, or guests (Article 3.5, page 4-5: 'shall be used an)

Voting & meetings

Owners become members of the Association and have voting rights as per By-Laws (Article 6, page 7: 'upon becoming an Own)

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