Knight Lake

Key facts from Knight Lake's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium ('Northrock Condominium A Unit Ownership )

Governing law

Oklahoma Unit Ownership Estate Act (Article 1.1 of By-Laws: 'Unit Ownership )

Assessments & dues

Determined annually by Board of Directors; not fixed in document (Declaration paragraph 18.3: 'Board of Di)

Special assessments

Board may levy special assessments (By-Laws 4.3.6; Declaration paragraph 18.)

Collections & liens

Unpaid assessments constitute a lien on the Unit, prior to all other liens except taxes, special assessments, and pre-existing first mortgages. Association may foreclose and seek appointment of receiver. (Declaration paragraphs 20, 21, 22)

Reserves & fees

Maintained for maintenance, repair, replacement of Common Elements and Limited Common Elements; includes sinking fund for wear or obsolescence (Declaration paragraph 19.7; By-Laws 5.2.)

Pets

Yes, with restrictions (Declaration paragraph 8.12; Schedule A i)

Use restrictions

Yes; Units shall be used only for single-family residential purposes (Declaration paragraph 7: 'shall be used )

Voting & meetings

Voting is based on undivided interest in Common Elements (By-Laws 2.2: 'Voting shall be in accorda)

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