Redmont Trace Homeowners Association

Key facts from Redmont Trace Homeowners Association's documents

Community type

Homeowners Association (Redmont Trace Homeowners Association (Th)

Legal name

Redmont Trace Association, Inc.

Governing law

Oklahoma Nonprofit Corporation (An Oklahoma Nonprofit Corporation)

Special assessments

Maximum 50% of annual assessment per year; requires consent of Members via vote (Article 13.5 and 13.8: maximum amount ..)

Collections & liens

Association may file and foreclose a lien against the Lot (Article 13.12: file and foreclose a lien)

Reserves & fees

Reserve Fund may be funded from unused assessments or a reserve assessment approved by members (Article 13.6: Reserve Fund Assessment ..)

Architectural approval

Prior ARC approval required for any construction or modifications (Article 15.1: No construction or modific)

Home business

Prohibited: employees or clients arriving regularly, visible business signs or advertising (employees, clients arriving and departin)

Use restrictions

Single-family residence purposes only (Redmont Trace may be used for single-fam)

Voting & meetings

One vote per Lot; each Lot entitled to one vote (vote be cast with respect to any one Lot)

Amendments

Bylaws may be amended at a regular or special meeting of Members with proxy; majority vote of Members required; Board approval also required (Article XVI: may be amended at any calle)

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