Northeast Highland 2nd

Key facts from Northeast Highland 2nd's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Governing law

Unit Ownership Estate Act of Oklahoma (WHEREAS ... Unit Ownership Estate Act)

Assessments & dues

Board of Directors determines in advance for each calendar year the estimated aggregate amount of assessments (By-Laws 4.3.6 and Declaration paragraph )

Special assessments

Special assessments for capital improvements require majority assent of Unit Owners (Declaration paragraph 20)

Collections & liens

Assessment lien and foreclosure (Declaration paragraph 22)

Reserves & fees

Replacement reserves, contingency funds, working capital (By-Laws 5.2 and Declaration paragraph 20)

Leasing & rentals

Implicitly allowed with Right of First Refusal (Declaration 26 (Option to Purchase))

Architectural approval

Yes, for any building, structure, or exterior addition (By-Laws 13.4.1)

Maintenance

Owner maintains unit interior (walls, floors, ceilings, finishes, appliances, fixtures); Association maintains Common Elements and structural/utility systems (Declaration 13)

Insurance

Hazard insurance at 100% of insurable replacement cost (Declaration 23.2)

Use restrictions

Unit shall not be used for any offensive or detrimental purpose; no noxious activities; no storage of ashes, garbage, etc. on Common Elements (Declaration 9.1, 9.3)

Voting & meetings

Each Unit Owner has a vote percentage equal to the percentage assigned to the Unit in the Declaration (By-Laws 2.2)

Amendments

By-Laws may be amended by 80% of Unit Owners (By-Laws 8.1)

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