Regency Pointe

Key facts from Regency Pointe's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

homeowners association (Art. I, F: 'Regency Pointe Property Owne)

Developer / declarant

ERC LAND DEVELOPMENT GROUP, LLC, an Arkansas limited liability company (Art. I, L, page 2)

Governing law

Oklahoma law (implied, references Oklahoma Power of Sale Mortgage Foreclosure Act) (Art. V, §5.6, page 18)

Assessments & dues

$500 per Lot per year initially (Art. V, §5.3, page 17)

Special assessments

Board may levy Special Assessment for capital improvements, emergencies, etc. (Art. V, §5.5, page 17)

Collections & liens

Valid lien for unpaid assessments, subordinate to mortgages; may be foreclosed (judicial or non-judicial under Oklahoma Power of Sale Mortgage Foreclosure Act); superior title reserved in Association (Art. V, §5.2, §5.6, §5.8, pages 16-18)

Reserves & fees

Board may impose late charges in addition to interest (Art. V, §5.6, page 17)

Home business

Business permitted only if unobtrusive and incidental to primary residential use (Art. II, §2.1.A, page 3)

Use restrictions

Single-family residential purposes only (Art. II, §2.1.A, page 3)

Voting & meetings

One vote per Lot; no more than one vote per Lot, except Declarant (Art. IV, §4.4, page 15)

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