Watermark (OR)

Key facts from Watermark (OR)'s documents

Community type

Class I planned development under the Oregon Planned Community Act (Recitals B)

Legal name

Watermark Owners Association (Article 8 preamble)

Developer / declarant

Michael J Hoffman (Watermark) (Section 1.8 and opening paragraph)

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.783 (Recitals B)

Special assessments

May be imposed if approved by majority of Board and 67% of Class A voting rights (Section 10.5 (inferred from text: 'If a )

Reserves & fees

Required; funded by annual assessments; used for capital repairs and replacements (Section 10.9)

Pets

Reasonable number of household pets; not for commercial purposes (Section 6.9)

Leasing & rentals

Owner may rent or lease Dwelling Unit or portion thereof if conditions met (Section 6.8)

Parking & vehicles

Vehicles in disrepair or not currently licensed cannot remain parked for more than 48 hours; Association may remove after notice (Section 6.12)

Setbacks / home size

All Dwelling Units shall comply with Washington County's setback requirements and any established by ARC (Section 6.2(c))

Use restrictions

Lots shall only be used for residential purposes; no trade, craft, business, profession without Board consent (Section 6.1)

Amendments

Requires approval of 67% of Class A voting rights and Class B member (if any); must be recorded (Section 14.1)

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