Westlake Blocks 19-22

Key facts from Westlake Blocks 19-22's documents

Community type

Planned Unit Development (Preamble B: 'Planned Unit Development he)

Units / lots

Block 22 contains a four-unit multi-family residential complex; all 37 interests share common elements (Article 2.2.2: 'Lot 1, Block 22 (4 unit )

Developer / declarant

Westlake III Limited Partnership, an Oklahoma limited partnership, and Investment Property Specialists, Inc. (signature block and acknowledgments, pag)

Governing law

60 O.S. §§851 through 855, inclusive (Oklahoma Real Estate Development Act) (Preamble B)

Assessments & dues

Developer is responsible for and pays all costs of maintenance of common elements until January 1, 1997 (Article 4.3)

Special assessments

The Board may levy a special assessment applicable to that year only for capital improvements, reconstruction, repair or replacement of common elements and related personal property, or to defray underestimated expenses (and taxes on common (Article 4.4)

Collections & liens

Annual and special assessments, together with interest, costs and reasonable attorneys' fees, constitute a continuing lien upon the lot against which the assessment is made, effective upon record of a notice of assessment (Article 4.1)

Reserves & fees

Assessments shall include an adequate reserve fund for maintenance, repairs and replacement of the common elements (Article 4.2)

Parking & vehicles

Inoperable vehicles shall not be permitted to remain on the Property (Article 7.2)

Setbacks / home size

Except for the units on Block 22, each residence must be at least 1,400 square feet, excluding garage and outbuildings (Article 7.8(i))

Maintenance

The Board provides maintenance as provided in the By-Laws (Article 5.3)

Insurance

The Owners' Association shall obtain policy/policies of property and liability insurance for the common elements and facilities as the Board deems necessary or desirable (Article 5.2.3 and Article 8.5)

Voting & meetings

Each lot owner has one (1) vote per lot (Article 3: 'one (1) vote per lot')

Amendments

Amendments may be enacted by the vote or written assent of a majority of lot owners (Article 8.3.1)

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