Fairway Estates

Key facts from Fairway Estates's documents

Community type

Covenant / Planned Community

Legal name

Fairway Estates

Developer / declarant

Fairway Estates Limited Partnership

Governing law

Oklahoma Real Estate Development Act (Title 60 O.S. 1981, §§851-855, as amended) (Preamble)

Assessments & dues

Board determines annual assessment at least annually; may adjust by majority vote (By-Laws Article IV, Section 2(a) (page 2)

Special assessments

Levied when necessary for capital expense or emergencies (By-Laws Article IV, Section 2(a) (page 2)

Collections & liens

Association may record lien and foreclose in same manner as mortgage on real property (Article VIII, Section 4 (page 19))

Reserves & fees

Required for deferred maintenance and replacement; sinking fund established (By-Laws Article V, Section 3(b)(c) (page)

Pets

Yes, household pets (dogs, cats, other) allowed (Article V, Section 7 (page 9))

Leasing & rentals

Yes, Dwelling Unit may be leased for single family residential use (Article III, Section 3 (page 5))

Parking & vehicles

Not specifically addressed; general prohibition on trucks and recreational vehicles on lots? (Article V, Section 11 (page 10): "No ...)

Fences

Fences require ARC approval; no unsightly fence materials; no chain link or wood? Not specified (Article V, Section 1(b) (page 7) mention)

Architectural approval

Yes, Architectural Committee approval required for all structures, improvements, and alterations (Article VI, Section 1 (page 12-13))

Home business

Not specifically addressed; general nuisance prohibition may apply (Article V, Section 5 (page 8): "No ... o)

Setbacks / home size

Front: 25 feet; Side: 5 feet; Rear: 3 feet; corner lots may have designated frontage (Article V, Sections 28 and 29 (pages 11-)

Maintenance

Association maintains Common Area; Owner maintains Dwelling Unit Exterior and interior; sidewalks and yard by Owner (Article IX, Section 1 (page 19-20); Arti)

Insurance

Association to maintain insurance on Common Area, including property and liability; fidelity bond for funds handlers (Article IX, Section 3 (page 20); By-Laws)

Use restrictions

Each Dwelling Unit for single family residential use (Article V, Section 1(a) (page 7): "Each )

Voting & meetings

One vote per Unit; Class A (owners) and Class B (Declarant until termination) (Article VII, Section 4 (page 16))

Amendments

By 75% vote of Owners; also Declarant may record Special Amendments to comply with lending requirements (Article XI, Section 1 (page 21); Section)

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