Chisholm Equine Estates

Key facts from Chisholm Equine Estates's documents

Reflects the 2011 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Chisholm Equine Estates Community Association, Inc.

Developer / declarant

Revocable Trust

Governing law

60 O.S. §859 (Oklahoma Uniform Common Interest Ownership Act) (Section 1 (preamble))

Assessments & dues

Base Assessment $1,500 per Lot per year (Exhibit E). (Exhibit E)

Special assessments

Permitted for Common Expenses; levied equally per Lot. (Section 8.3)

Collections & liens

Association has lien on each Lot for unpaid assessments; superior to all liens except those superior by law; may foreclose and bid at sale. (Section 8.7)

Reserves & fees

Board shall prepare and review at least annually a reserve budget for replacement of Common Area. (Section 8.2)

Pets

Pets allowed; up to six chickens may be kept in proper confinement; no commercial breeding; no savage/dangerous animals. (Exhibit C, Section 2.2)

Leasing & rentals

Leasing of Lots permitted; lease must be in writing and Owner shall provide copy to Association upon request. (Exhibit C, Section 4)

Parking & vehicles

Boats, trailers, RVs may be kept on Lot if screened from view and not used as temporary residence. (Exhibit C, Section 3.6)

Architectural approval

ARC approval required for all new construction and Modifications (including sheds, fences, paint, etc.). (Section 4 and Design Guidelines 2.2)

Home business

Home occupations permitted if conducted entirely within Dwelling Unit, no external evidence, no traffic or nuisance. (Exhibit C, Section 2.17)

Signs & flags

Flag poles permitted; decorative flags subject to Board approval; obscene flags prohibited. (Design Guidelines 4.16)

Use restrictions

Property shall be used only for residential and related purposes. (Exhibit C, Section 1)

Voting & meetings

Two classes: Class 'A' (all Owners except Declarant) and Class 'B' (Declarant and its assigns); Class A entitled to one vote per Lot; Class B votes as specified in Section 9.1; during Class B Control Period, Class B may exercise additional (Section 6 (Membership, Classes of Member)

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