Stonechase

Key facts from Stonechase's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Stonechase Homeowners' Association (Recitals and Article 1.3)

Units / lots

20 (Lots 1-20) plus Tracts A and B (Recitals (Lots 1-20) and Article 1 defin)

Developer / declarant

Stonechase LLC

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.783 (Recitals and Article 1)

Assessments & dues

Board approves budget; assessments fixed for fiscal year; notice 30-90 days before fiscal year (Sections 10.4, 10.4.1)

Special assessments

Allowed: by majority Board for deficit, repairs, or owner obligations; 80% vote of all Lots for capital improvements; reimbursement assessments with hearing (Section 10.5)

Collections & liens

Association has lien for delinquent assessments; superior except property taxes and first mortgage; may foreclose under Planned Community Act (Section 10.7.2)

Reserves & fees

Not required (Class II planned community); no reserve study required (Sections 10.3.2, 10.6.2)

Pets

Yes, reasonable number of household pets not kept for commercial purposes (Section 4.5)

Leasing & rentals

Yes, with conditions (Section 4.4)

Parking & vehicles

Not permitted on streets or Common Area; limited to 7 days on Lot unless screened (Section 4.7)

Fences

Fences and boundary hedges require prior written ARC approval (Section 4.11)

Architectural approval

Yes, for any improvement, including landscaping, fences, exterior changes (Section 6.1)

Home business

Prohibited except personal business/ professional records, phone calls, etc. if only normal residential activities observable; Board may consent if no violation of ordinances (Section 4.1)

Signs & flags

One 'For Sale' or 'For Rent' sign permitted (max 24x36 inches); political signs allowed but must be removed within 3 days after election; real estate signs removed within 3 days after sale closing (Section 4.9)

Maintenance

Owner responsible for maintenance of roofing (exterior repair) (Section 4.3 (siding, roofing))

Insurance

Association shall carry property and liability insurance for Common Area and operations (Section 10.1)

Use restrictions

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

Voting & meetings

Two classes: Class A (1 vote per lot), Class B (3 votes per lot for Declarant until Termination Date) (Section 7.3)

Amendments

By instrument approved by not less than 75% of total votes of each class; must be executed and recorded; Declarant may amend unilaterally for financing requirements (Sections 11.7, 11.9)

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