Casady Terrace

Key facts from Casady Terrace's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development (Title: "STONEPOINT FIRST, A PLANNED UNIT)

Developer / declarant

TMC RESIDENTIAL, an Oklahoma general partnership (Recitals: "WHEREAS, TMC RESIDENTIAL, an )

Governing law

Oklahoma Real Estate Development Act (Title 60 O.S. § as amended) (Recitals)

Assessments & dues

Not fixed; determined by Board based on estimated common expenses (Section 14.3: "The Board of Directors ma)

Special assessments

Yes, with majority assent of all owners with interests in Common Elements (Section 14.4: "Special Assessments for..)

Collections & liens

Yes, assessment constitutes a lien on Unit, prior except for taxes, prior judgments, prior mortgages, mechanic's liens. Notice recorded, suit to foreclose. (Section 15.1: "All sums... shall constit)

Reserves & fees

Working capital fund for initial months; also reserve for replacement of Common Elements (Section 18.3: "...to serve fund for the )

Pets

Yes, household pets only; no animals bred for commercial purposes (Section 4.15: "Household Pets... No anim)

Leasing & rentals

Yes, but limited to residential use; no hotel use (less than 30 days); leases must be in writing and subject to Declaration and By-Laws (Section 4: "...any lease shall be in wri)

Parking & vehicles

Prohibited storage/parking (Section 4.8 (includes recreational vehic)

Architectural approval

Not explicitly stated in this document (No provision found)

Home business

Not prohibited except if offensive or noxious (Section 4.3: "...no offensive or noxious)

Maintenance

Association responsible for Common Elements; Owner responsible for damage caused by misuse or negligence within Unit (Section 8: "...If damage is the result o)

Insurance

Property insurance for Common Elements (fire, extended coverage, vandalism, malicious mischief, all risk, replacement cost); comprehensive general liability insurance ($1,000,000 per occurrence); fidelity bond for dishonest acts (amount equ (Sections 19.1, 19.3)

Use restrictions

Yes, single-family residence; no hotel use (rental less than 30 days) (Section 4: "Single family residence ... )

Voting & meetings

Based on ownership interest in Common Elements (Section 13: "...an aggregate ownership i)

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