Parker Condominiums Owners Association

Key facts from Parker Condominiums Owners Association's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Article 2)

Legal name

Parker Condominiums Unit Owners Association (Article 14.1 (Declaration))

Units / lots

19 (12 Residential Units + 7 Parking Units) (Article 4.2)

Developer / declarant

Own Your Own, LLC, an Oregon limited liability company (Article 1.4)

Governing law

Oregon Condominium Act, ORS 100.005 to 100.990 (Preamble)

Special assessments

During Declarant control period, no capital assessments without Declarant's written consent (Article 15.2). Board may impose special assessments for common expenses; details in Bylaws. (Declaration Article 15.2; Bylaws Section)

Collections & liens

Association lien is subordinate to any mortgage. Mortgagee taking possession takes free of claims for unpaid assessments accruing prior to possession (except pro rata share). (Declaration Article 13.3)

Reserves & fees

Board must include reserves in annual budget; reserve account maintained as described in Bylaws Section 14. (Bylaws Section 14 (Reserve Account))

Leasing & rentals

Timesharing of Units is prohibited. (Declaration Article 10.1)

Home business

Use as 'home office' or similar allowed subject to Bylaws limitations; exclusive office use prohibited. (Declaration Article 10.1)

Maintenance

Roof is part of General Common Elements, maintained by Association. (Declaration Article 5.2)

Use restrictions

Residential Units may be used for single family residential purposes on ownership, rental, or lease basis. (Declaration Article 10.1)

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