Legacy Estates I

Key facts from Legacy Estates I's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Legacy Estates Community Association, Inc. (Section 17 (page 13))

Governing law

Oklahoma Real Estate Development Act (Title 60 O.S. 1971, Sections 851- ) (Preamble (page 1) and definition 1.1 (pa)

Assessments & dues

Board of Directors fixes annual assessments for estimated Common Expenses (Section 12.3, 12.5 (page 9))

Special assessments

Permitted for defraying cost of additions or improvements (Section 12.4 (page 9))

Collections & liens

Unpaid assessments become a continuing lien; may be enforced by foreclosure or money judgment (Sections 13.1, 14 (pages 10-11))

Reserves & fees

Referenced in fidelity bond provision as 'reserve fund' in custody of Association (Section 17.4 (page 14))

Pets

Household pets (dogs, cats, or other common household pets) allowed; no animals, poultry, or livestock (Section 4.1 (page 4) - OCR: 'No animals,)

Architectural approval

Building Committee (BC) approval required for any construction, erection, or alteration on a Lot (Section 4.3 (page 4-5))

Setbacks / home size

All residences shall contain a minimum square footage acceptable to the Building Committee (not specified) (Section 4.3.1.3 (page 5))

Insurance

Property insurance on Common Elements for fire, lightning, extended coverage, vandalism and malicious mischief, all risk, agreed amount, inflation guard, replacement cost; also liability insurance and workmen's compensation if required (Section 17.1 (page 12-13))

Use restrictions

Each Lot shall be used and occupied only for single family residential purposes (Section 4.1 (page 4))

Amendments

Declaration may be amended by instrument signed by Owners of at least 75% of Lots; Declarant may make Special Amendments while owning a Lot (Section 11 (page 8) for 75%; Section 23.)

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