Parkview Terrace Home Owners Association

Key facts from Parkview Terrace Home Owners Association's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Class I planned community (Recitals: "Declarant intends to develop )

Legal name

Parkview Terrace Home Owners Association

Developer / declarant

Venture Properties, Inc.

Governing law

Oregon Planned Community Act (ORS 94.550 to 94.783) (Recitals and final paragraph before Arti)

Assessments & dues

Annual assessments established when Board approves budget for fiscal year; initial assessment determined by Declarant; equal assessment per Lot; Declarant exempt from operating portion (Sections 10.4, 10.4.2)

Special assessments

Board majority for: correcting deficit, collecting from owner for breach, repairs/renovations if insufficient funds; 80% of all votes for capital acquisitions/improvements (Section 10.4.4)

Reserves & fees

Reserve Account established for items requiring replacement within 1 to 30 years; annual reserve study with 30-year plan (Sections 10.5.1, 10.5.2, 10.5.2.1)

Pets

Reasonable number of domestic household pets not kept for commercial purposes; birds, fish, small reptiles in cages/tanks in interior of Home excluded (Section 4.8)

Leasing & rentals

Yes, subject to conditions (Section 4.7)

Parking & vehicles

Parking prohibited on any public street, private street or Common Area if designated 'no parking' area; subject to tow at owner's expense (Section 4.10)

Signs & flags

Not more than one 'For Sale' or 'For Rent' sign, max 24 inches high x 36 inches long; political signs allowed but removed within 3 days after election; real estate signs removed within 3 days after sale closing (Section 4.12)

Use restrictions

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

Voting & meetings

Class A: 1 vote per Lot owned; Class B (Declarant): 3 votes per Lot owned until termination date (Section 7.3.1, 7.3.2)

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