Knollhurst Condominium Association

Key facts from Knollhurst Condominium Association's documents

Reflects the 1978 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Knollhurst Condominium Association

Governing law

ORS 91.505 through 91.675 (Declaration section 1 and By-laws Articl)

Assessments & dues

Pro-rata according to Enabling Declaration, except garbage, water, sewer fees divided 1/20th to each unit (Declaration paragraph O and By-laws Arti)

Special assessments

Items of common expense totaling $150 or more must be authorized by majority of owners at a meeting (By-laws Article VII Section 2(d))

Collections & liens

Unpaid assessments constitute a lien prior to all other liens except taxes and first mortgage; may be foreclosed by suit; owner required to pay reasonable rental and attorney fees; manager may bid at sale (Declaration sections G and H, and By-law)

Reserves & fees

$1,000 cancellation and transfer fee payable to Association upon any transfer; must be paid prior to recording (Amendment to Declaration paragraph K)

Use restrictions

Units shall be occupied and used only as a private dwelling for the owner, family, tenants, and social guests and for no other purpose (Declaration paragraph F(2))

Voting & meetings

Voting on percentage basis per unit assigned in Enabling Declaration; majority of owners defined as 51% of votes (By-laws Article II Sections 1 and 2)

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