Fairhaven Vista Owners Association Inc

Key facts from Fairhaven Vista Owners Association Inc's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community Subdivision (Page 1: 'PLANNED COMMUNITY SUBDIVISION D)

Units / lots

81 units (more or less) in Phases 1 & 2 (Article 2.1: 'will contain eighty-one (8)

Developer / declarant

Nichols Group, LLC (for Fairhaven Vista); FairHaven Associates, LLC (for Fairhaven Phase V) (Page 1 and Phase V Page 1)

Governing law

Oregon Revised Statutes (ORS) 94.704 to 94.716 and ORS Chapter 88 (Article 9.3(b) and Article 11.1)

Assessments & dues

Not fixed; determined annually by Board budget; equal pro rata share per lot (except Declarant lots until occupied) (Article 8.3 and 8.4)

Special assessments

Allowed for capital improvements; aggregate exceeding 15% of budgeted gross expenses requires majority vote of owners (Article 8.5)

Collections & liens

Unpaid assessments create a lien on the lot, enforceable under ORS 94.704-94.716 and ORS Chapter 88 (Article 8.12, Article 9.3(b))

Reserves & fees

Declarant establishes a Reserve Fund for replacement of items with life 3-30 years; funded by assessments; may be reduced by 75% vote after second year after turnover (Article 8.11)

Pets

Yes: domestic dogs, cats, and caged pet birds inside dwelling; no other animals, livestock, or poultry (Article 5.8)

Leasing & rentals

Yes; leases must be on not less than month-to-month tenancy basis (Article 11.5)

Architectural approval

Yes, for any exterior changes; Board approval required for alterations and trash receptacle enclosures; Phase V has Architectural Review Committee (Article 5.14, Article 5.1(c), Phase V Se)

Use restrictions

Lots shall be used only for residential purposes (Article 5.1(a))

Voting & meetings

One vote per lot; joint owners must designate one voter (Article 6.2 and Bylaws Article II)

Amendments

Declaration: 75% vote of lot owners, recorded; Bylaws: two-thirds majority vote of members present at a meeting (Article 11.1 and Bylaws Article VII)

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