Riverside at River Bend Homeowners Association, Inc.

Key facts from Riverside at River Bend Homeowners Association, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Riverside at River Bend Homeowners Association, Inc.

Developer / declarant

Riverside Homes, LLC (First page and Article 1.1.7)

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) (Recital B and page 2)

Assessments & dues

Board adopts annual budget and proposed assessments; must mail to Owners and hold meeting within 30 days after adoption; budget ratified unless 75% of Total Association Vote reject it. (Section 4.4)

Special assessments

Requires approval by two-thirds (2/3) of Total Association Vote at a meeting (Section 4.5)

Reserves & fees

Amount as Board may determine from time to time for assessments delinquent more than 10 days (Section 4.7)

Pets

Yes, conventional household pets may be kept subject to restrictions (Section 6.10)

Leasing & rentals

Yes, Lots may be leased for residential purposes (Section 6.8)

Parking & vehicles

Not considered passenger vehicles; may only be parked in parking areas on Lots or in screened area approved by ACC (Section 6.6.1)

Home business

Permitted subject to guidelines and rules established by Board, and approval by Board; limited to certain business uses, no disturbance, increased traffic or parking congestion, and must comply with Governing Documents (Section 6.2)

Insurance

Association shall obtain fire and extended coverage on insurable buildings and structures it is obligated to maintain, and public liability policy on Common Areas with combined single limit at least $1,000,000 (Sections 7.1.1 and 7.1.2)

Use restrictions

All Lots shall be used for single-family residential purposes exclusively, with exception for home occupations approved by Board (Section 6.2)

Voting & meetings

One vote per Lot; multiple owners of same Lot must determine vote jointly or vote suspended. (Section 3.4)

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