Waterwood Estates (OK)

Key facts from Waterwood Estates (OK)'s documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Waterwood Estates

Developer / declarant

STK Construction, LLC (Notary page 18)

Governing law

Oklahoma Real Estate Development Code, 60 O.S. 1971, §§851-85, as amended (Recitals, page 3)

Assessments & dues

$400.00 per year (Article II, Section 4, Section 4 (page 9)

Special assessments

Permitted for capital improvements with Board approval and two-thirds vote; cannot exceed twice annual dues per member (Article II, Section 4, page 10)

Collections & liens

Assessments are a continuing lien on the property; may be foreclosed; personal obligation also (Article II, Section 4, Section 1 and Sec)

Reserves & fees

10% per annum interest if not paid within 30 days after due date (Article II, Section 8)

Pets

Yes, but limited to household pets (Article V, Sections 5.3 and 5.12)

Leasing & rentals

Yes, but lease must be in writing and subject to declaration (Article I, Section 1.3)

Parking & vehicles

No boats, trailers, trucks, campers, motor homes or large commercial vehicles (Article V, Section 5.6)

Fences

Fences shall be 1'x6'x6' cedar pickets on steel, except lots 21-31 with 48" wrought iron; must be dog-eared style on top, no pointed pickets (Article IV, Section 4.8)

Architectural approval

Prior approval of Architectural Committee required for any improvement (Article III, Section 3.1 and Article IV,)

Solar & roof

30-year composition roofing, charcoal or weather color, minimum pitch 8/12 (Article IV, Section 4.7)

Signs & flags

No signs or billboards except 'R' signs without Declarant consent (Article V, Section 5.5)

Setbacks / home size

No less than 1,800 (2,000) square feet (Article IV, Section 4.3)

Use restrictions

All lots shall be occupied for single-family residential purposes; no commercial purpose (Article IV, Section 4.1)

Voting & meetings

Class A (single-family lot owners): one vote per lot; Class B (Declarant): three votes per lot (Article II, Section 3)

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