River’s Edge

Condominium Association

Homeowners House Rules

Amended and approved on July 25, 2005.

It is the responsibility of each owner and resident to be familiar with the Public Offering Statement for River’s Edge Condominiums, Declaration, Amendments, Bylaws, and House Rules (collectively the ‘governing documents’) of the River’s Edge Condominium Association. The Board of Directors has the authority to adopt and enforce such additional rules as it may deem necessary or advisable, to amend them, and to impose fines, penalties or legal action upon owners for violations. Owners are responsible for actions of their guest and occupants, and all leases must condition tenancy upon compliance with the governing documents.

These House Rules are enacted for the benefit and protection of all owners and residents within the development. They provide clear parameters for conduct and use of the development, and an avenue for owners and residents to address and seek resolution to problems and issues that may arise.

House Rules

Maintenance

No owner may construct additions, perform “do-it-yourself” wiring alterations, or make structural modifications to their unit, nor may garages be converted to living space. Owners are responsible for damage to their own unit and any other unit as a result of “do-it-yourself” improvement/repair projects. Owners are encouraged to use licensed, bonded and insured contractors for repairs to their units. When work done by a licensed contractor results in damage to the unit, the owner has recourse against the contractor.

Minor alterations (such as steps) to accommodate the installation of landscaping (such as decks and patios) and rain gutters are allowed on a case-by-case basis. Requests to alter the exterior of the unit shall be submitted for review to the Board of Directors in writing, and must have Board approval before proceeding with proposed alterations. Interior remodeling is allowed, provided no structural alterations are made. Maintenance and liability for adverse impacts due to alterations of any altered common and limited common areas become the sole responsibility of the unit owner. These become the responsibility of the owner of the altered unit. Alterations of any kind may not adversely impact any other owner.

The Association will maintain the exterior of all units. No owner may paint the outside of his or her unit, or fence.

Owners must immediately notify the Association when the sewage treatment alarm is activated. If the alarm is disconnected or silenced by an owner without notifying the Association, the owner is responsible for any damages to the unit, other buildings and property, water, electrical, or sewage systems therein.

Owners shall replace burned out light bulbs in light sensitive fixtures within seven (7) days. One warning will be issued each instance before penalties are imposed.

Use Restrictions

As per the Public Offering Statement for River’s Edge Condominiums, units are restricted to residential use only. Commercial, professional, or administrative activities may only be carried out within the units so long as the activity is not externally apparent, requires no unreasonable levels of public visitation, mail, shipping, trash or storage. No signs indicating commercial or professional use or advertisement are allowed.

No unlawful use shall be carried out on any part of the Association property.

The exteriors of the units in the common and limited common areas are not to be used for storage, i.e., crates, furniture, appliances, winter/summer tires, etc.,

Explosives or illegal products may not be kept on the premises.

No activities deemed to be noxious or offensive to any other owner/resident shall be carried out within the property.

Owners shall not park more vehicles on their property than their garage and driveway can accommodate – i.e., owners shall not park extra vehicles in common areas or on roadways.

Vehicles must not be parked in such as way as to impede snow plowing/removal.

Pets may not cause a nuisance to others (including but not limited to barking, digging, scratching, climbing, whining, meowing, etc.) All pet owners must clean up after their pets have relieved themselves in any common or limited common area. Owners must keep fenced back yard areas from becoming a source of odor due to excessive pet waste. Any pet outside a fenced backyard, or in a common area must be attended at all times by a person capable of controlling the animal. Animals are not to be staked or tied out in common or limited common areas. Municipal Animal Control Regulations, including leash laws, are in effect and will be enforced. Owners are responsible for damage to building exteriors and common yard/lawn areas, including but not limited to repairs as a result of pet overuse, digging, and urinating. Other rules governing the keeping of pets are outlined in Article 10, Section 10.2 – Occupancy Restrictions, paragraph (f) of the Declaration for River’s Edge Condominiums.

Leasing/Renting of Units

A unit owner who rents or leases their unit to another party shall report to the association manager (currently Snow’s Management) within ten (10) days of rental occupancy or signing of a rental agreement, whichever is earlier, the renters name, mailing address, and contact information. The unit owner must provide a copy of the House Rules to all renters. Leases must require compliance with the Declaration of Covenants, Bylaws, and House Rules as a condition of occupancy. A signature-sheet verifying acceptance of these rules must be signed and sent to the association management company.

Owners are expected to ensure compliance of occupants and guests. Owners are responsible for violations of the house rules, declarations and bylaws by their renters/leasers. Owners and occupants will be notified of violations. If voluntary compliance is not attained from the occupant, then fines, if necessary will be levied against the owner, rather than the tenant.

Owners must maintain a current “means of contact” on file with the association management company. Owners are responsible to ensure any changes to this information are reported to the management company. Information will be held in strict confidence, but is necessary in the event of an emergency involving the unit.

Parking and Common Areas

Guest vehicles may be parked along the roadway near the pump house building on the lower loop near the mail boxes, but not for more the seven (7) days, unless specifically approved by the Board in advance. No vehicle may be parked so as to obstruct access to other units by other owners, or to obstruct access by emergency vehicles such as police cars, fire engines or ambulances. No vehicles, trailers or recreational equipment may be parked in common areas, access drives, or the fire truck turn around.

There shall be no automotive repair conducted on the driveways.

Wrecked, inoperable, unlicensed, etc. vehicles may not be parked or left in common areas. Vehicles judged by the Board to be oversized and/or unacceptable in appearance (such as junked cars) will not be parked in common areas and are subject to towing at owners expense.

Trailers, boats, snowmobiles, motor homes, campers and other large vehicles may not be parked in driveways for more than seven (7) days, and shall not be used for living space at any time. No vehicle parked in a driveway may extend into or obstruct the roadway.

Owners are liable to the Association for any damages to the common areas or equipment thereon resulting from actions of said owner, their renters or leasers, tenants guests or invitees.

Common areas may not be obstructed or littered.

Miscellaneous

Members of the Board or the association management company can authorize entry into a unit or any part of the project when threatened by a bona fide emergency, such as, but not limited to broken pipes, fire, roof leaks, etc.

Residents may not cause a nuisance to other residents. This includes, but is not limited to noise and noise producing activities. Quiet time is between the hours of 10:00 pm and 8:00 am. Noise and other disturbances covered under the Anchorage Municipal Codes governing noise and disturbances as outlined in Title 8, chapter 8.30.120, and Title 15, chapter 15.70.060 shall be observed and enforced.

Trash receptacles and bags may be placed outside the unit near the end of the driveway along the line between adjoining units the morning of designated trash pick-up day (currently Thursday of each week). Receptacles must be brought in no later than the evening of the designated trash pick-up day.

Advertisements, posters or signs may not be displayed except with written approval of the Board, excepting the use of For Sale or Rent signs.

Windows shall not be covered with foil, newspaper, or other non-traditional light blocking materials.

Fine Schedule/Procedure

The above rules, in addition to provisions of the Declaration for River’s Edge Condominiums, and the Association Bylaws will be enforced with a minimum fine of $25.00 per violation. At the discretion of the Association or the Board of Directors, minor first offenses may result in a warning before imposition of fines. Violations that are deemed to be “serious” may warrant larger fines, up to any amount determined to be reasonable for purposes of Alaska Statute 34.08.320(a)(11), the Uniform Common Interest Ownership Act, specifically, the Powers of Unit Owners’ Association. Ongoing, recurring or intentional violations will result in progressively greater fines, which will be levied at the discretion of the Board or Association Manager.

In addition to fines that may be levied, the Board or the Association may institute legal proceedings to correct violations (i.e., repairs, replacement, restoration, vehicle towing, etc.) charging all associated costs back to the offending owner as additional association assessments. If the Association must retain legal counsel to enforce House Rules, Declaration and Bylaws, legal costs may be assessed against the owner as additional fines or assessments.

Notice of fines shall be delivered to the unit owner by first class mail sent to the owners address listed in Association records. Hand delivery to the unit shall be an acceptable alternate form of notice. Fines shall be tentatively assessed as additional homeowner dues immediately following the infraction, and will become final unless appealed to the Board within 30 days thereafter. Unit owners may address the Board during the next regularly scheduled meeting to appeal any fine, provided the owner files written notice of intent to appeal with the Association Manager (Snow’s Management) with in 30 days of notification of fine. Fines will be levied to ensure compliance with the Declaration of River’s Edge Condominium, Bylaws, and House Rules, and not to raise revenue.