Thompson Knoll Homeowners Association

Key facts from Thompson Knoll Homeowners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class 1 planned community (Recitals)

Legal name

Thompson Knoll Homeowners Association

Developer / declarant

Roundstone Development, Inc. (First page, Article 1.7)

Governing law

ORS 94.550 to 94.783 (Recitals)

Assessments & dues

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

Special assessments

Allowed for budget deficit, breach of documents, repairs to Common Area, capital additions (requires 51% vote of all Lots with Class B having one vote per Lot, and Declarant approval if Declarant owns a Lot). (Section 10.6)

Collections & liens

Association has a lien against each Lot for assessments. May sue for money judgment without waiving or foreclosing lien. (Section 10.8)

Reserves & fees

Required for Common Area improvements with useful life 3-30 years. Funded by Reserve Fund Assessment. Annual reserve study required. (Section 10.5)

Pets

Yes, a reasonable number of household pets allowed. (Section 4.7)

Leasing & rentals

Yes, Owner entitled to rent or lease residence if conditions met. (Section 4.6)

Parking & vehicles

Prohibited except to the extent permitted by government authorities and the Board. (Section 4.9)

Architectural approval

Yes, for any improvement on a Lot (construction, reconstruction, exterior alteration). (Section 6.1)

Home business

Allowed only with Board consent if not observable outside residence, does not significantly increase parking or traffic, and not in violation of ordinances. (Section 4.1)

Signs & flags

One For Sale sign allowed, max 24 inches high by 36 inches long. No For Rent/Lease signs. Political signs allowed, must be removed within 3 days after election. No signs on Common Area without Board approval. (Section 4.11, Section 9.3)

Use restrictions

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

Voting & meetings

Two classes: Class A (one vote per Lot owned) and Class B (Declarant, three votes per Lot owned). After Class B termination, one vote per Lot. (Section 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.