The Timbers

Key facts from The Timbers's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners_association (Article I, Section 2 - 'Association' def)

Legal name

The Homeowners' Association of The Timbers Addition, Inc.

Developer / declarant

The Timbers, Inc., an Oklahoma corporation (Preamble, Article I, Section 7)

Governing law

Oklahoma Unit Ownership Act (Title 60, Oklahoma Statutes as amended) (Preamble - 'Estate Development Act' (lik)

Assessments & dues

Board determines actual assessment during last month of fiscal year; must be reasonable and based on budget (Article VIII, Section 4)

Special assessments

Requires approval at membership meeting; if capital improvement exceeds $2,500, Declarant must also approve in writing (Article VIII, Section 4)

Collections & liens

Automatic lien on unit for unpaid assessments; foreclosable like mortgages; subject to first mortgagee priority; Association may foreclose and take possession (Article VIII, Section 6; By-laws Article)

Reserves & fees

Required; includes funds for replacements, obsolescence, deferred maintenance, sinking funds (By-laws Article VI, Section 2 - 'Reserve)

Pets

true (Article V, Section 8 - 'dogs, cats, or o)

Leasing & rentals

true (Article V, Section 3 - 'any Owner may le)

Parking & vehicles

Prohibited (commercial type vehicles not allowed on Properties except as designated) (Article V, Section 11 - 'No commercial t)

Architectural approval

true (Article VI, Section 1 - 'No building, fe)

Home business

Prohibited (Article V, Section 19 - 'No noxious or o)

Signs & flags

'For sale' signs permitted subject to Rules; other signs may be prohibited (Article V, Section 7 - 'No 'for sale' si)

Use restrictions

true (Article V, Section 17 - 'No structure sh)

Voting & meetings

One vote per unit owned; multiple owners of a unit must agree on vote (By-laws Article II, Section 2; Article I)

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