Property Ownership
Oklahoma's Condominium Ownership Act allows a homeowners association to foreclose on a unit for:
AMinor violations of building rules only
BUnpaid assessments (dues and special assessments), creating an assessment lien that can be foreclosed upon if the unit owner fails to pay✓ Correct
CAny violation of the CC&Rs regardless of financial impact
DOnly with unanimous consent of all other unit owners
Explanation
Under the Oklahoma Condominium Ownership Act, unpaid assessments create a lien against the unit. If not paid, the HOA can foreclose on this lien.
Related Oklahoma Property Ownership Questions
- Oklahoma's Surface Damage Act requires oil and gas operators to negotiate damages with surface owners. If the parties cannot agree on compensation, either party may request:
- Oklahoma's Scenic Rivers Act restricts which type of development near designated rivers?
- An Oklahoma property owner who wants to exclude adjacent landowners from an established path across their property that has been used informally for years should:
- In Oklahoma, the recording of a deed transfers:
- In Oklahoma, a trustee's deed is used to convey property that:
- Under Oklahoma law, the duty to support groundwater quantity for adjacent property owners is based on:
- In Oklahoma, a fee simple defeasible estate differs from a fee simple absolute estate because:
- In Oklahoma, when a property owner dies intestate (without a will) and has no surviving spouse or children, the property typically passes to:
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →