Of , Conditions and for Timber HOA

Key facts from Of , Conditions and for Timber HOA'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

THE TIMBER CREEK ESTATES HOMEOWNERS ASSOCIATION, INC. (Section 1.1 Definitions)

Developer / declarant

Mongold Properties, L.L.C., an Oklahoma Limited Liability Company (Recitals and Declaration)

Governing law

Oklahoma's Real Estate Development Act (Title 60 O.S. SS851-57, as amended) (Recitals)

Assessments & dues

Initial amount of $300.00 per year. (Section 2.6(B))

Special assessments

Board may levy a special assessment with assent of either Declarant or 2/3rds of Owners, after written notice at least ten (10) days in advance. (Section 2.6(C))

Collections & liens

Unpaid assessments and annual dues constitute a lien on the Lot (with priority exceptions) and may be foreclosed in like manner as a mechanics or materialmen's lien. Costs and attorney's fees added. (Section 2.6(E))

Pets

Yes, only domesticated household pets. (Section 4.14)

Leasing & rentals

Yes, but lease must be in writing, subject to approval by Declarant or Association, and subject to covenants. (Section 1.3)

Parking & vehicles

Recreational vehicles, boats, trailers, campers, etc. are not allowed to be parked or stored visible from street; must be inside storage building or behind fence on concrete surface. (Section 4.7)

Architectural approval

If all required information is submitted, Committee must act within 60 days; if not approved or disapproved within 60 days, plans are deemed automatically approved. (Section 2.10(C))

Signs & flags

Only 'for sale' signs permitted on Lot without prior written consent of Declarant. No 'for rent' or 'for lease' signs allowed. No political signs allowed. (Section 4.5)

Use restrictions

All Lots shall be occupied as Single Family residences only. No commercial or business purpose, and no use in violation of zoning. (Section 3.1)

Voting & meetings

Two classes: Class A (each Lot Owner except Declarant) has one vote per Lot owned; Class B (Declarant) has fifty (50) votes per Lot owned. Class B converts to Class A when total Class A votes exceed Class B votes, or earlier at Declarant's (Section 2.2)

Amendments

Amendments require written instrument signed by Declarant as long as Declarant owns any Lots; or by affirmative vote of at least 70% of Lot Owners (using Class A and B collective voting) and Declarant if Declarant still owns Lots. Term: 20 (Section 5.1)

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