Central Avenue Villas

Key facts from Central Avenue Villas's documents

Community type

Condominium

Legal name

Central Avenue Villas

Developer / declarant

Deep Deuce Lofts I, L.L.C., an Oklahoma Limited Liability Company (Signature page (page 15))

Governing law

Oklahoma's Unit Ownership Estate Act (Declarations, Recitals; Bylaws Art. I, S)

Assessments & dues

Not fixed; dues are set by the Board. Initial monthly dues per unit are shown on Exhibit D (e.g., Unit 101: $71.39/month plus services $52.76 = $124.15/month). (Art. 5.3 (page 8) and Exhibit D (pages 2)

Special assessments

Special assessments require assent of 2/3rds of Owners voting in person or by proxy at a meeting called for that purpose, with 10 days' written notice. Emergency assessments exceeding $600 per Unit require approval of 75% of voting interest (Art. 5.3 (pages 8-9))

Collections & liens

The Association has a lien on each Unit for unpaid assessments. The Board may file a lien, foreclose, and/or appoint a receiver. The lien is prior to all other liens except those for taxes, special assessments, and prior recorded mortgages. (Art. 5.5(E) (page 9))

Reserves & fees

Yes. Common Expenses include amounts deposited in the Reserve Fund for maintenance, replacement, and repair of Common Elements. (Declaration 'Common Expenses' definition)

Pets

Yes, subject to restrictions. No animal shall be kept except in compliance with applicable laws and conditions. No savage or dangerous animal. Animals not to run at large. Board may establish regulations. (Art. 7.6 (page 14))

Leasing & rentals

Yes, Unit owners may rent their Units, but leases are subject to the Declaration, and the Association is a third-party beneficiary. Copies of leases must be provided to the Association. (Art. 1.3 (page 4): 'Owner's nonexclusive)

Parking & vehicles

Prohibited (large commercial vehicles). (Art. 7.5)

Fences

Not specifically mentioned; likely falls under ARC approval.

Architectural approval

Yes, any changes, additions, alterations, or construction of any structure on a Unit requires approval by the Architectural Control Committee. (Bylaws Art. XIII Sec. 3 (page 36): 'Arch)

Home business

Not explicitly prohibited, but use must be residential. 'No sign advertising the property for sale or rent may be displayed' (Art. 7.4). Commercial vehicles prohibited (7.5). Implied no businesses that create nuisance or violate zoning. (Art. 7.2, 7.4, 7.5)

Use restrictions

Yes, Units shall be used as single family residences only. (Art. 7.1 (page 13): 'single family resid)

Voting & meetings

Unit Owners have voting interest proportionate to percentage ownership as shown on Exhibit D. No co-owner may have more than the voting interest of one Unit unless otherwise provided. (Art. 5.1 (page 8); Bylaws Art. II Sec. 2)

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