Six Sisters Condominium Association

Key facts from Six Sisters Condominium Association's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Six Sisters Condominium Association

Developer / declarant

Six Sisters LLC, represented by Daniel J. Desler and Joseph M. Van Lom (Recitals, page 1)

Governing law

Oregon Condominium Act, ORS 100.005 et seq. (Section 1, Bylaws 1.1)

Assessments & dues

Board of Directors establishes budget and sets assessments; initial assessment determined by Declarant (Bylaws 4.3.3, 4.3.4, 6.2)

Special assessments

Board may levy special assessments to correct deficit in operating budget; requires vote of majority of Board (incomplete in text) (Bylaws 6.3 (text cuts off))

Collections & liens

Association has lien for unpaid assessments; subordinate to first mortgage; upon foreclosure, property taken free of claims for unpaid assessments except pro rata share (Declaration 12.3; 17.4)

Reserves & fees

Required reserve accounts for replacement of common elements with useful life >3 and <30 years; also general operating reserve and special reserves (Bylaws 6.1.2)

Leasing & rentals

Units cannot be rented for fewer than 2 days (Declaration 12.2)

Signs & flags

Declarant may maintain 'For Sale' or 'For Rent' signs consistent with Pine Meadows Village CC&Rs and city ordinances (Declaration 16.2)

Maintenance

Association responsible for maintenance, repair, replacement of general and limited common elements; owners responsible for damage caused by negligence and for maintenance of door frames, window frames, screens; exterior painting is Associa (Declaration 4.2, 5.2)

Use restrictions

Each Unit shall be used for residential, home occupation, or vacation purposes only (Declaration 8.1)

Voting & meetings

one vote per Unit (Declaration Section 7, Bylaws 2.2)

Amendments

By approval of 75% or more of voting rights; Declarant's consent required until earlier of 75% Units conveyed or 2 years after first conveyance; certain amendments require mortgagee consent (51% of votes of mortgaged Units); recordation in (Declaration 13, 13.1, 13.2, 12.7)

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