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)

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,)

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.