Parker Woods Homeowners Association

Key facts from Parker Woods Homeowners Association's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Parker Woods Homeowners Association

Developer / declarant

Round Stone Development, Inc.

Governing law

ORS 94.550 to 94.783 (Recitals, page 1)

Assessments & dues

Set annually by Board approval of budget; not a fixed amount. (Section 10.4)

Special assessments

Board may levy special assessment for: (a) operating budget deficits (majority of Board); (b) breach of documents (majority of Board); (c) repairs/renovations to Common Area (majority of Board); (d) capital additions (vote of at least 51% o (Section 10.6)

Collections & liens

Association has lien on each Lot for delinquent assessments (including future installments, interest, late fees, fines, attorneys’ fees). Lien superior except to property taxes, first mortgage, deed of trust, or land sale contract recorded (Section 10.8(b))

Reserves & fees

Reserve fund established for replacement of Common Area improvements with useful life 3-30 years. Funded by Reserve Fund Assessment levied equally on Lots. Board may borrow from reserve for temporary expenses; must repay within 6 months unl (Section 10.5)

Pets

Reasonable number of household pets allowed; not kept, bred, or raised for commercial purposes. (Section 4.6)

Leasing & rentals

Owner entitled to rent or lease residence if conditions met. (Section 4.5)

Parking & vehicles

Parking prohibited on Private Drives in 'No Parking' zones as posted. All owners must keep Private Drives free for vehicle and emergency vehicle access. (Section 5.3)

Fences

All fences installed on Lot are Owner's maintenance responsibility; must be maintained in condition acceptable to Board and ARC. Fences on Common Area perimeters maintained by Association. (Section 4.13)

Signs & flags

Not more than one 'For Sale' sign (max 24x36 inches) temporarily displayed on Lot by Owner, Declarant, or licensed real estate agent. No 'For Rent', 'For Lease' or similar signs. Political signs allowed temporarily, must be removed within 3 (Section 4.11)

Setbacks / home size

Single-story: at least 1,200 sq ft exclusive of attics, patios, decks, porches, balconies, garages. Two-story: at least 1,500 sq ft exclusive of same. (Section 4.3(b))

Use restrictions

Lots shall be used for residential purposes only. (Section 4.1)

Voting & meetings

Two classes: Class A (1 vote per lot); Class B (Declarant, 3 votes per lot until Termination Date). After termination, all owners have 1 vote per lot. (Article 9.2)

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