Raintree Villas Condo

Key facts from Raintree Villas Condo's documents

Community type

Condominium

Legal name

Raintree Villas Home Owners Association, Inc. (Declaration, Section G (Definitions))

Units / lots

48 (approximate, see Exhibit C) (Exhibit C – Unit Designation and Square )

Developer / declarant

Raintree Homes, Inc., an Oklahoma corporation (Declaration, Section J (Definitions))

Governing law

Unit Ownership Estate Act, 60 O.S. § 529 et seq. (Preamble)

Special assessments

Allowed for defraying reconstruction, unexpected repairs, etc.; requires majority assent of all owners, with written notice at least thirty (30) days in advance (Declaration, Assessments; By-Laws, Artic)

Reserves & fees

Board may establish reserves for deferred maintenance, sinking funds, working capital (By-Laws, Article IV, Section 3(d); Artic)

Pets

Yes, only household pets (Declaration, Section O)

Leasing & rentals

Yes, owner may rent unit for a term of not less than thirty (30) days (Declaration, Section E)

Voting & meetings

Voting rights are on the basis of the undivided interest in the common elements (percentage ownership) (By-Laws, Article II, Section 4; Declarat)

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