Bend Riverside Motel Condo I Aka Riverside Commons

Key facts from Bend Riverside Motel Condo I Aka Riverside Commons's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title: 'Declaration of Condominium Owner)

Governing law

Oregon Condominium Act, ORS Chapter 100 (formerly Unit Ownership Law, ORS 91.500 et seq.) (2020 Declaration Recitals A; also origin)

Assessments & dues

Initially set by declarant in organizational meeting memorandum, thereafter subject to review by Board of Directors; adjusted as needed (Original Bylaws Art VI Sec 1)

Special assessments

Permitted (implied by reference to assessments for common expenses and deficiency after casualty) (Original Bylaws Art XII Sec 2 (deficienc)

Collections & liens

Failure to comply with documents is grounds for relief including foreclosure of lien (Original Declaration Sec 10.3: 'relief w)

Reserves & fees

Required: Reserve Fund for Replacements, General Operating Reserve (5% of monthly assessments initially, adjustable); Real/Personal Property Tax Fund optional (Original Bylaws Art VI Sec 1(a), (b), (c)

Pets

Yes (domestic animals allowed subject to regulations) (Original Bylaws Art VI Sec 7(b): 'Those )

Leasing & rentals

Yes; each unit when not used by owner shall be available for renting as a motel unit (Original Declaration Sec 6: 'Each unit w)

Parking & vehicles

Speed limit 5 mph on streets/drives; no specific parking prohibitions (Original Bylaws Art VI Sec 7(j): vehicul)

Architectural approval

Yes; owner shall not make structural modifications or alterations without notifying Association in writing; Association must respond within 30 days (Original Bylaws Art VI Sec 3(b))

Maintenance

Owner responsible for interior maintenance and repair within unit; Association responsible for common elements (Original Bylaws Art VI Sec 2(a) (owner),)

Insurance

Fire insurance with extended coverage for full insurable replacement value of all units and common areas; comprehensive liability insurance ($200,000 per occurrence bodily injury, $100,000 property damage); workers' compensation; fidelity b (Original Bylaws Art VII Sec 1(a)-(d))

Use restrictions

Living units shall be utilized for residential living only, private or commercial (i.e., motel use) (Original Bylaws Art VI Sec 3(a): 'All li)

Voting & meetings

Percentage based on undivided interest in common elements as set forth in Declaration (2020 Declaration Art 6.2; Original Bylaw)

Amendments

Declaration may be amended by consent or approval of 75% or more of unit owners holding 75% of total percentage interest (Declaration Sec 11); Bylaws may be amended by 75% of voting rights (Bylaws Art IX); restatement requires 75% approval (Original Declaration Sec 11; Original By)

Amenities

Swimming pool, Jacuzzi bath, tennis court, manager's unit and office (mentioned as part of common elements via easement rights) (Original Declaration Sec 4: 'easement ri)

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