Rivers Edge XII

Key facts from Rivers Edge XII's documents

Community type

Homeowners Association (HOA) (Article III)

Legal name

RIVER'S EDGE HOMEOWNERS ASSOCIATION, INC. (Article I, Section 3)

Developer / declarant

THE RIVERHOUSE PARTNERSHIP, an Oregon partnership (Preamble)

Governing law

Oregon Planned Community Act (ORS 94) and Oregon nonprofit corporation laws (Article III, Section 3(b))

Special assessments

Allowed. Up to $500 per Lot per fiscal year without Owner vote; above that requires approval of Majority of Class A members. (Article X, Section 4)

Collections & liens

Assessments become a lien on the Lot; superior except for taxes and first mortgages. Foreclosure allowed after 60 days delinquency. (Article X, Sections 2, 5, 6)

Reserves & fees

Required: capital budget prepared annually; capital contribution set by Board and included in assessments. (Article X, Section 7)

Pets

Yes: up to 4 dogs, cats, or normal household pets. No livestock, poultry. More than 4 birds allowed if kept indoors not for commercial breeding. (Article II, Section 12)

Leasing & rentals

Yes for residential purposes, subject to rules and regulations. (Article II, Section 6)

Architectural approval

MC must approve or disapprove within 45 days after submission, otherwise plans deemed approved. (Article XI, Section 2)

Signs & flags

One FOR RENT or FOR SALE sign per Lot, max 1' x 2', placed only on the Lot. No other advertising signs. (Article II, Section 8)

Insurance

Each Owner must carry blanket all-risk casualty insurance on their Lot and structure. In case of partial loss, repair promptly; if total destruction and not rebuilt, clear lot. (Article V, Section 2)

Use restrictions

Yes: Lots used only for residential purposes; single family related by blood, adoption, or marriage. No trade or business except as allowed. (Article II, Section 6; Article II, Secti)

Amendments

Declarant may unilaterally amend to comply with law, for title insurance, lender requirements, or mortgage insurance; also for any purpose while Class B exists (but cannot materially adversely affect Owner rights). After Class B, amendment (Article XIV, Section 2; Article II, Sect)

Amenities

Public golf course adjacent; no Owner rights to use unless membership granted. Private ways and bike paths; gates may be erected. No pool, clubhouse, or other amenities mentioned. (Article II, Section 1(g); Article XII)

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