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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 60, § 60-851: Nature of developments

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Where this section sits in the code
  1. OK Code
  2. Title 60

The term "real estate development" shall include developments:

1. Which consist or will consist of separately owned lots,

parcels or areas with either or both of the following features:

a. One or more additional contiguous or noncontiguous

lots, parcels or areas owned in common by the owners

of the separately owned lots, parcels or areas.

b. Mutual, common or reciprocal interests in or

restrictions upon, all or portions of such separately

owned lots, parcels or areas, or both.

2. The estate in a separately or commonly owned lot, parcel or

area may be an estate of inheritance, estate in fee, an estate for

life, or an estate for years.

Either common ownership of the additional contiguous or

noncontiguous lots, parcels or areas referred to in subparagraph a.

of paragraph 1. above, or the enjoyment of the mutual, common or

reciprocal interests in, or restrictions upon the separately owned

lots, parcels or areas pursuant to subparagraph b. of paragraph 1.

above, or both, may be through ownership of shares of stock or

membership in an owners association or otherwise.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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