Ashton Cove (OK)

Key facts from Ashton Cove (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

Ashton Cove

Developer / declarant

Ashton Cove, LLC, an Oklahoma limited liability company (Preamble)

Governing law

Oklahoma Planned Community Act, 60 O.S. §851 et seq. (Section 1.1)

Assessments & dues

Board adopts annual budget and levies Base Assessment uniformly per Unit. The Board may consider assessment income from prior fiscal year. (Section 8.1)

Special assessments

Requires affirmative vote or written consent of Members representing more than 60% of Class A votes, and consent of Class B Member if such membership exists. (Section 8.3)

Collections & liens

Association has a lien for unpaid assessments. Lien is subject to installments due prior to foreclosure of first mortgage; after foreclosure, subsequent owner may be liable. (Section 8.7)

Reserves & fees

Board must budget for reserves based on number and nature of replaceable components and expected repair or replacement cost. (Section 8.2)

Leasing & rentals

Yes, but with restrictions. (Exhibit C Section 4)

Parking & vehicles

Inoperable, unlicensed, or uninspected vehicles are prohibited. (Exhibit C Section 2.5)

Signs & flags

Real estate signs allowed: temporary, non-illuminated, max 5 sq ft, max 4 ft height, one per street frontage. Garage sale signs limited to 6, placed on owner's Unit or public right-of-way. Signs in Common Areas prohibited unless by Declaran (Exhibit C Section 4.33)

Use restrictions

Yes, but home businesses are allowed under strict conditions. (Exhibit C Section 2.16)

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