The London Square Homeowners Association

Key facts from The London Square Homeowners Association's documents

Community type

Covenant / Planned Community

Legal name

London Square Homeowners Association

Developer / declarant

Century 21 Homes, Inc.

Governing law

Oregon Planned Community Act (ORS 94.550 et seq.) (Recitals; Art. I § 2.2)

Assessments & dues

Board prepares annual budget estimating Common Expenses; budget must be approved by majority of Owners present at meeting; assessments are levied accordingly (Art. VII § 7.1)

Special assessments

Requires approval by at least two-thirds (2/3) of Owners (Art. VII § 7.6)

Collections & liens

Association has lien under Oregon Planned Community Act; can foreclose; Owner required to pay reasonable rent during suit; Board can purchase Lot at foreclosure sale (Art. VII § 7.9)

Reserves & fees

Separate account for major maintenance and replacement of Common Area (items with useful life 3-30 years); funds may be borrowed for seasonal demands; not refundable to sellers (Art. VII § 7.5)

Pets

Cats, dogs, birds or other household pets not kept for breeding or commercial purpose; must abide by county regulations and not become a nuisance (Bylaws Art. VII § 7.3(c))

Parking & vehicles

Vehicles in excess of 6,500 lbs gross weight used for private purposes must have prior approval (one-year periods) from Association (Bylaws Art. VII § 7.3(a))

Fences

Fences allowed only in rear yard; max 4 ft except project perimeter max 6 ft; must be wood of standard quality; must be on Lot lines; written approval required; height variances possible with adjacent Lot owners and Board approval (Art. XI § 11.3 (fence provisions))

Architectural approval

Committee must approve or disapprove within 30 days after submission; if no action, approval deemed given (Art. XI § 11.3)

Maintenance

Owner responsible for maintenance of Lot and improvements; Association responsible for maintenance, repair, replacement of Common Area (Art. X § 10.3; Bylaws Art. VII § 7.1)

Insurance

Property insurance for fire, vandalism, malicious mischief, extended coverage; liability insurance not less than $1,000,000 combined single limit; worker's compensation as required (Bylaws Art. VIII § 8.1(a)(b)(c))

Use restrictions

Each Lot is to be used for residential purposes (Art. V)

Voting & meetings

One vote per Lot (Art. IV § 4.3; Bylaws Art. II § 2.1)

Amendments

Amendment requires 75% of total votes of Planned Community; cannot increase number of Lots or change boundaries or uses without unanimous consent of affected Owners (Art. XII § 12.1)

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