Riverwalk Homeowners Assoc

Key facts from Riverwalk Homeowners Assoc's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Homeowners Association (WHEREAS clauses; Article I definitions)

Assessments & dues

Maximum $540.00 per lot until January 1 of the year after first conveyance; then may increase up to 5% annually without vote. (Article V Section 4)

Special assessments

Permitted for capital improvements to Common Properties and for maintenance/improvements of owner premises – referenced in Article V Section 1(B). Procedures not detailed. (Article V Section 1)

Collections & liens

Assessments, interest, and costs become a continuing lien on the property. Personal obligation of owner at time of delinquency. Association may foreclose. Lien subordinate to first deeds of trust. (Article V Sections 1, 9, 10)

Reserves & fees

Referenced in Article IX Section 2: Board may add amount to sinking fund or reserve for future exterior maintenance. (Article IX Section 2)

Pets

Not prohibited, but Board may adopt rules to prohibit or limit types of animals/pets and govern their presence on Common Properties. (Article XI Section 4)

Leasing & rentals

Not explicitly addressed in this declaration.

Fences

Notice and approval required for fences as part of structures; no specific dimensions. (Article VIII Section 1)

Architectural approval

Yes – plans for building, fence, wall, other structure, or landscaping change (other than inside a fenced area) must be submitted to Board or aesthetics committee. (Article VIII Section 1)

Home business

Not explicitly prohibited, but limited by residential zoning and nuisance provisions. (Article XI Sections 1, 2)

Maintenance

Association (paint, repair, replace, care for roofs). (Article IX Section 1)

Insurance

Association must maintain hazard insurance on insurable improvements upon Common Property at 100% of current insurable replacement cost. (Article VI Section 4(d))

Use restrictions

Yes – no use impermissible under applicable governmental residential zoning regulations. (Article XI Section 1)

Voting & meetings

Two classes: Class A (owners, one vote per lot/living unit); Class B (Developer, three votes per lot/living unit until conversion). More than one owner of a lot must agree on single vote. (Article III Section 2)

Amendments

First 20 years: 90% vote of each class. Thereafter: 75% vote of each class. Notice 30 days in advance including subject matter. Amendment recorded. Certain matters requiring mortgagee approval or higher percentage governed separately. (Article XI Section 6)

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