Fairway Ridge Homeowners Association

Key facts from Fairway Ridge Homeowners Association's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (single-family) - 12 lots (Article 2: 'The Property contains 12 sin)

Legal name

Fairway Ridge Homeowners Association

Units / lots

12 (maximum 12 dwelling units) (Article 2: 'will contain not more than 1)

Developer / declarant

Larry Brown, Inc.

Governing law

Exempt from Oregon Planned Community Act pursuant to ORS 94.570(1)(a) (Page 3 recital: 'Fairway Ridge is exempt)

Assessments & dues

Amount fixed annually by Board of Directors, assessed equally against each Lot (Section 7.3: 'The Board of Directors sha)

Special assessments

Permitted for capital construction/reconstruction, unexpected repair/replacement, or one-time expenditure; requires 75% vote of Class A members and consent of Class B member (if any); assessed equally against each Lot (Section 7.5: 'No such assessment may be )

Collections & liens

Assessments are a continuing lien on the Lot and personal obligation of Owner at time due. Association may bring action for money judgment without foreclosing lien, or may foreclose lien. Lien subordinate to mortgages. (Section 7.6: 'shall be a charge on the l)

Reserves & fees

Board shall take into account need for reasonable reserves when fixing assessments (Section 7.3: 'taking into account the ne)

Pets

Yes, but only a reasonable number of household pets not kept for commercial purposes, reasonably controlled (Section 4.4: 'a reasonable number of hou)

Parking & vehicles

Occupant's vehicle not allowed on Common Area or adjacent street for more than 12 hours in any 20-day period. Guest vehicles may park on driveway up to 14 days, on Common Area/street up to 24 hours. (Section 4.6: 'No vehicle owned... by the)

Signs & flags

Only one 'For Sale' or 'For Rent' sign not exceeding 2 square feet, temporary; project sign allowed; political signs temporarily; builder signs during construction. No other signs. (Section 4.8: 'not more than one "For Sal)

Use restrictions

Lots shall only be used for single-family residential purposes (Section 4.2: 'Lots shall only be used fo)

Voting & meetings

Two classes: Class B (Declarant) controls all voting until termination; then Class A (each Owner) has one vote per Lot (Section 6.3: 'Until the Class B membersh)

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