Fairway Heights Owners Association, Inc.

Key facts from Fairway Heights Owners Association, Inc.'s documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Fairway Heights Owners Association, Inc.

Developer / declarant

THE RIVERHOUSE PARTNERSHIP

Governing law

Oregon Planned Community Act (Article III, Section 3(b))

Collections & liens

Unpaid assessments become a lien on the lot; if unpaid after 60 days, Association may foreclose (Article X, Sections 5 and 6)

Reserves & fees

Assessments delinquent after 10 days incur late charge amount determined by Board (Article X, Section 6)

Leasing & rentals

Lease or rental of lot for residential purposes allowed, subject to Board rules; lease must comply with Declaration and rules (Article II, Section 6)

Signs & flags

Only one FOR RENT or FOR SALE sign per lot, not exceeding 1' x 2', placed only on the lot; no other advertising signs (Article II, Section 8)

Insurance

Association obtains insurance for Common Area improvements (full replacement cost) and public liability ($500k single, $1M per occurrence, $250k property damage) (Article V, Section 1)

Use restrictions

Each lot used for residential purposes only as a residence for a single family related by blood, adoption, or marriage (Article II, Section 6)

Voting & meetings

Class A members: one vote per residential lot (except multi-family: 1 vote per 10 units); Class B (Declarant): three times the votes of Class A per lot owned (Article III, Section 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.