The Riverwalk covenants have had several revisions over the years. Below are links to the various revisions.

If you did not receive a copy of the covenants when you moved in to the neighborhood, we encourage you to download a copy of each for your records.

Original Convenants (1989)

First Revision (1990)

Second Revision (1996)

Third Revision

PROPOSED CHANGES/ADDITIONS:

Current Article III, Section 7 Leases

A Lot Owner may lease his Lot, but only in strict compliance with this paragraph. This paragraph shall not apply, except for the requirement of compliance with applicable zoning ordinances, to any individual Lot until said Lot is first conveyed to an Owner by Developer, nor to any Lot owned by a former first mortgagee or secondary purchase money mortgagee on possession of a Lot following default. All leases shall be for only those purposes permitted under applicable zoning ordinances, and shall be subject to the terms and conditions of this Declaration, the Association's articles of incorporation and bylaws, and the rules and regulations of the Association. The rules and regulations adopted by the Board of Directors with respect to leasing may provide for a reasonable limitation on the number of occupants of a lot. All leases shall be in writing. The Lot owner shall provide a copy of the written lease to the Association. All leases by a Lot Owner shall be for a term of at least six (6) months. No lease shall be of less than the entire Lot. The term “lease” shall include all leases, rental agreements and other agreements for occupancy.

Proposed Article III, Section 7 Leases

A Lot Owner may lease his Lot, but only in strict compliance with this paragraph. This paragraph shall not apply, except for the requirement of compliance with applicable zoning ordinances, to any individual Lot until said Lot is first conveyed to an Owner by Developer, nor to any Lot owned by a former first mortgagee or secondary purchase money mortgagee on possession of a Lot following default. All leases shall be for only those purposes permitted under applicable zoning ordinances, and shall be subject to the terms and conditions of this Declaration, the Association's articles of incorporation and bylaws, and the rules and regulations of the Association. The rules and regulations adopted by the Board of Directors with respect to leasing may provide for a reasonable limitation on the number of occupants of a lot. All leases shall be in writing. The Lot owner shall provide a copy of the written lease to the Association. All leases by a Lot Owner shall be for a term of at least six (6) months. No lease shall be of less than the entire Lot. No Lot shall be leased to more than one tenant. No leases falling under or qualifying for Section 8 of the United States Department of Housing and Urban Development's U.S. Housing Act will be allowed for any Lot. (No Section 8 lease agreements.) The term “lease” shall include all leases, rental agreements and other agreements for occupancy.

Third Revision Section 7

The word Chiimneys shall be removed and the word “Chimneys” shall be inserted.

The Declaration is herby amended by inserting the following article:

Article VI Section 12. (a) Initiation Fee : Upon the resale of any lot and at the time of the transfer of title from seller to buye r of any resold lot under the jurisdiction of the property covered by the Riverwalk HOA L.L.C (Douglasville, GA) Covenants and Bylaws, the holder of such Title shall pay (or caused to be paid), to the Association, an Initiation Fee in the amount of $500.00 (five hundred dollars and no cents).

(The new Section is designed to help the HOA to recapture any funds owed to the HOA on any lot that is foreclosed. As it now stands, any lot that is foreclosed on is not legally bound to pay any back HOA fees and the Association has already lost funds due to this. )

(2006)