Stanford Court Association

Key facts from Stanford Court Association's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Stanford Court Association

Developer / declarant

Charles Singve Interests, Inc. (PAGE 1, first paragraph)

Governing law

60 O.S. §§ 851-856 (PAGE 2, lines 6-10)

Assessments & dues

Determined annually by Board-approved budget; based on total operating expenses divided by total living area square footage of all Homes, then multiplied by each Home's square footage (PAGE 10-11, Sections 6.1.1, 6.1.4)

Special assessments

Approved by Majority of Lot Owners of each class; may be levied for capital improvements, etc. (PAGE 11, Section 6.2.1)

Collections & liens

Assessment is a continuing lien on the Lot; Association may foreclose; lien subordinate to mortgages; sale under mortgage does not discharge pre-sale assessment liens; non-judicial foreclosure permitted under Oklahoma Power of Sale Mortgage (PAGE 11-14, Sections 6.1.2, 6.6.1, 6.7.1)

Reserves & fees

Budget to include reasonable reserve for repair and replacement of roofs (shingles, flashing, felt) and painted surfaces of exteriors (including fences) (PAGE 10-11, Section 6.1.1)

Pets

Only dogs, cats, or similar domestic pets; not for commercial purposes; must not become offensive, dangerous, or a nuisance (PAGE 18, Section 9.1.2)

Architectural approval

Written Board approval required for any structure, fence, wall, driveway, sign, swimming pool, tank, hot tub, or any addition/alteration including exterior design; plans and specifications must be submitted in duplicate (PAGE 17-18, Article IX, first paragraph)

Home business

Prohibited (no advertising signs except for sales/lease by Declarant or Association; no commercial activity) (PAGE 19, Section 9.1.6)

Use restrictions

General residential use implied; no noxious trade or activity permitted (PAGE 18, Section 9.1.1; PAGE 19, Section)

Voting & meetings

One vote per Lot for Class A members; Class B (Declarant) multiple votes until conversion; majority and supermajority voting required for various actions (e.g., special assessments, amendments, easements) (PAGE 4-5, Article III, Sections 3.2.1-3.)

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