Great Oak Condominiums Homeowners' Association

Key facts from Great Oak Condominiums Homeowners' Association's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.1: 'the Condominium was establ)

Legal name

Great Oak Condominiums Homeowners' Association

Governing law

ORS Chapter 100 (Section 1.1: 'in accordance with the pro)

Assessments & dues

Board prepares annual budget, estimates common expenses, assesses each Owner. Additional assessments may be levied if budget insufficient or for emergencies. (Sections 5.1, 5.3)

Special assessments

Allowed for capital improvements, emergency expenses, or when budget insufficient. Specific assessments for unit maintenance (5.4.4) and violation costs. (Sections 5.1, 5.4.1, 5.4.4, 5.9)

Collections & liens

Association has a lien on Unit for unpaid assessments. May foreclose lien; may also obtain money judgment. Lien subordinate to tax liens but may be prior to first mortgages. (Sections 5.5, 5.6, 5.8)

Reserves & fees

Required fund for major repairs and replacements of Common Elements. Administered by Association; adjusted periodically. After second year after Turnover Meeting, may be reduced/eliminated/increased by 75% vote. (Section 5.4.2)

Pets

Yes, but subject to Rules and Regulations adopted by the Board; no animals may be raised, bred, or kept except as permitted by rules. (Section 7.9: 'No animals ... shall be ra)

Leasing & rentals

Yes. Units may be used on 'rental or lease basis'. (Section 7.1)

Parking & vehicles

Board shall require removal of any inoperative or unsightly vehicle. If not removed, Board may cause removal at risk and expense of Owner. (Section 7.3: 'The Board shall require re)

Home business

Prohibited (implied by 'only as single-family residences' and 'purposes normally incident to residential use') (Section 7.1)

Signs & flags

Declarant may maintain signs during sales period (Section 7.2). Otherwise, not addressed in Bylaws; Board may adopt rules under 7.8. (Section 7.2)

Use restrictions

Yes. Units shall be used only as single-family residences on ownership, rental, or lease basis, and for social, recreational, or other reasonable purposes normally incident to residential use. (Section 7.1: 'The Units shall be used on)

Voting & meetings

One vote per Unit; total 4 votes. Each Unit designates one voting representative. Declarant votes as Owner of unsold Units; Board votes for Association-owned Units (except director elections). Voting by mail permitted. (Sections 2.7, 2.10)

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