Village Wiestoria Homeowners Association

Key facts from Village Wiestoria Homeowners Association's documents

Community type

Planned development (Page 3: 'This development is a planned d)

Legal name

Village Wiestoria Homeowners Association (Oregon non-profit mutual benefit corporation) (Page 1: 'VILLAGE WIESTORIA HOMEOWNERS AS)

Governing law

O.R.S. 94.550 et seq. (Oregon Planned Community Act) (Page 3: 'This development is a planned d)

Assessments & dues

Not fixed; set annually by Board based on budget. Equally divided among all Lots (excluding Association-owned lots). Due in monthly installments unless otherwise specified by Board. (Sections 8.4, 8.4.3; pages 27, 28)

Special assessments

Board may levy special assessments: (1) to correct operating budget deficit (majority Board vote); (2) to collect amounts due from Owner for breach (majority Board vote); (3) for Common Area repairs if insufficient funds (majority Board vot (Section 8.5.1, 8.5.2, 8.5.3, 8.5.4; page)

Collections & liens

Association has lien for delinquent assessments, interest, late fees, fines, attorneys’ fees. Lien superior to all liens except property taxes, first mortgages/deeds of trust recorded prior to lien notice, and institutional lender mortgages (Section 8.7.2; page 30)

Reserves & fees

Required separate Reserve Account for replacement of common property (items with life 3-30 years). Funded by annual assessment. Board must annually inventory common property and estimate remaining life and replacement cost. Reserve Account (Section 8.6.2; pages 29-30)

Pets

Yes: dogs, cats, birds, fish and other household pets kept largely indoors. No animals, livestock or poultry of any kind except these. Pets must be housed inside home or in fenced rear/side yard. (Section 4.7; page 18)

Leasing & rentals

Yes, with conditions. Owner must be in good financial standing (assessments current, no outstanding fines, no current violations). Prior Board approval required. Written rental agreement required. (Section 4.6; page 15-17)

Architectural approval

ARC shall render decision within 30 working days of receiving all materials; otherwise deemed approved. Appeal to Board in writing within 10 days of ARC ruling; Board decides within 30 days. (Sections 6.5, 6.8; pages 24, 17)

Home business

Prohibited without Board consent. Board shall not approve unless only normal residential activities observable outside and not violative of local ordinances. (Section 4.1; page 12)

Use restrictions

Lots shall be used for residential purposes only. No trade, craft, business, profession, commercial or similar activity without Board consent. Exceptions: activities related to sale of residences, contractor construction, and personal busin (Section 4.1; page 12)

Voting & meetings

One vote per Lot owned (as set forth in Bylaws) (Section 7.3: 'with one (1) vote for each)

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