Rockwell Condominiums

Key facts from Rockwell Condominiums's documents

Community type

Condominium

Legal name

Rockwell Condominiums

Governing law

Oklahoma Statutes Title 60, Section 503(g) (Unit Ownership Estate) (Introductory paragraph: 'Unit ownership )

Assessments & dues

For calendar year 2007, Regular Assessment is $90.00 per month per unit. (Article XV, page 13: 'shall be $90.00 pe)

Collections & liens

Any unpaid assessment becomes a lien on the Unit; Association may foreclose and may bid at sale. (Article XV, page 16-17: 'liable by the A)

Reserves & fees

Amounts deposited in the depreciation fund for maintenance, repair, and replacement of Common Elements are required as part of assessments. (Article I, page 3: 'Amounts deposited in)

Leasing & rentals

Yes, but lease must be in writing; minimum term appears but number not legible. (Article IX, page 7: 'Leases. Any lease o)

Use restrictions

Yes, each Unit is restricted to single family use, no business conducted. (Article IX, page 7: 'Single Family Use. )

Voting & meetings

Voting is based on percentage interest in Common Elements as shown on Exhibit F; each Unit's interest is appurtenant. (Article XIII (page 10): 'to the represen)

Amendments

May be amended by a majority of owners; no amendment shall reduce ownership interest without owner's consent; provisions benefiting mortgagees cannot be changed without mortgagee consent. (Article VI: 'the Declayatiop-may be amgf)

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