Fanno Creek Townhomes

Key facts from Fanno Creek Townhomes's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Owners Association for planned community) (Bylaws Art. I Sec. 1.1, 1.2)

Legal name

Fanno Creek Townhomes Owners Association (Bylaws Art. I Sec. 1.1)

Units / lots

11 living units (Declaration Art. VII Sec. 7.1)

Developer / declarant

Danchok Investment Group, Inc. (Bylaws Art. I Sec. 1.4; Declaration Art.)

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.980 (Bylaws Art. VII Sec. 7.6)

Assessments & dues

Set by Board of Directors at least annually; assessments may not be waived due to nonuse of Common Property (Declaration Art. VIII Sec. 8.1, 8.2)

Special assessments

Capital Improvement Assessment over $20,000 requires 75% owner approval (Declaration Art. VIII Sec. 8.5)

Reserves & fees

Common Property Reserve Assessments Account – portion of common expense set aside for major maintenance and replacement (items needing replacement in 3 to 30 years); separate from operating account (Declaration Art. VIII Sec. 8.4)

Pets

Reasonable number of household pets allowed, must be reasonably controlled so as not to be a nuisance; inconvenience/damage caused by animals is owner's responsibility (Bylaws Art. VI Sec. 6.2(d))

Leasing & rentals

Yes, with prior written consent from Board; lease must be written and subject to Declaration and Bylaws; minimum lease term 30 days; no leasing of entire unit for shorter period (Declaration Art. V Sec. 5.11)

Parking & vehicles

Vehicle in extreme state of disrepair not permitted on Lot parking space over 48 hours; Board may remove after 5 days’ notice and charge owner (Bylaws Art. VI Sec. 6.2(b))

Insurance

Property insurance covering fire, extended coverage, 'all risk'; at least 100% replacement cost of Living Units and improvements on Common Areas; deductible up to $10,000 or 1% of policy amount, whichever less; includes fixtures, building s (Bylaws Art. VII Sec. 7.1(a))

Use restrictions

Lots shall be used only for residential purposes; no trade, craft, business, profession, commercial activity except rental/sale activities, declarant construction, and incidental professional home office use (Declaration Art. V Sec. 5.3)

Amendments

Proposed by majority of Board or by owners holding 30% of voting rights; must be in writing and included in meeting notice; majority of Lot Owners required for approval except certain items; any amendment must be approved by Declarant prior (Bylaws Art. IX Sec. 9.1, 9.2, 9.4)

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