The Commons at Quail Creek Condos

Key facts from The Commons at Quail Creek Condos's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

The Commons At Quail Creek

Developer / declarant

Willard Barnett as Manager of the entity on behalf of the company (Signature page, acknowledgment)

Governing law

Oklahoma Unit Ownership Estate Act (Bylaws Art. I §1)

Assessments & dues

Board prepares annual budget and levies assessments accordingly (Bylaws Art. IV §2(e))

Special assessments

For capital improvements; requires 75% approval if over $100 per unit (Declaration Art. V(C))

Collections & liens

Association has assessment lien, may foreclose like mechanics/materialmen's lien; includes costs, expenses, attorney fees (Declaration Art. V(E))

Reserves & fees

Required for replacement reserves (sinking funds) (Bylaws Art. V §2(c))

Pets

Subject to permission of Association and rules; no pets running loose; Board may adopt further regulations (Declaration Art. VII §6)

Leasing & rentals

Yes; lease must comply with Declaration; copy of lease to be delivered to Association/management (Declaration Art. I §3(A))

Architectural approval

Yes for changes to visible elements such as doors, windows, garage doors; must be approved for compatibility with overall architectural design (Declaration Art. IV §5)

Maintenance

Owner: unit interior, condensing unit, fan coil, hot water heater; Association: common elements and limited common elements (Declaration Art. IV §4, §4.5; Bylaws Art)

Insurance

Property insurance covering all building improvements 'sheetrock-out', replacement cost; liability insurance minimum $1,000,000 per occurrence (Declaration Art. VI §1, §2)

Use restrictions

Units used and occupied only as single family residences (Declaration Art. VII §1)

Voting & meetings

Each unit has voting percentage per Exhibit D; owner must be current on dues to vote or hold board position (Bylaws Art. II §2, Exhibit D)

Amendments

Declarant reserved special amendment power to comply with mortgage agencies; other amendment procedure not detailed (Declaration Art. VIII §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.