Elkai Woods Townhomes

Key facts from Elkai Woods Townhomes's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Community subject to Oregon Planned Community Act (ORS 94.550 et seq.) (Recitals: 'subject to the provisions of )

Units / lots

86 (Lots 1 through 86) (Article 1.12: 'Lots 1 through 86'; Artic)

Developer / declarant

Yamazoe International, Inc. (First line: 'THIS DECLARATION is made th)

Management

All aspects of leasing and renting of all Units (one-fifth and full ownership) shall be governed and managed exclusively by a management company selected by the Declarant. (Article 4.6)

Governing law

Oregon Planned Community Act, ORS 94.550 et seq. (Recitals: 'subject to the provisions of )

Leasing & rentals

Yes, but with restrictions: Owners of one-fifth interest Units may rent nightly; owners of full-ownership Units must have minimum 30-day rental. All leasing must be managed exclusively by a management company selected by Declarant. Leases m (Article 4.6)

Use restrictions

All Lots and Living Units shall be used for residential, recreation and vacation purposes only. No commercial, retail or industrial use allowed. However, renting a Unit is permitted and considered a commercial use but allowed under certain (Article 4.2)

Voting & meetings

Full ownership Lots: 1 vote per Lot. One-fifth interest Lots: each owner 1/5 vote; one vote per Lot based on majority (3/5) of votes cast within that Lot. Declarant: 3 votes per Lot owned until earlier of 7 years from recording or 75% of vo (Article 5.3)

Amenities

Common Property will be improved with driveways and landscaping. Pool and conference building exist but are not part of the HOA. (Article 3.3 ('Common Property will be im)

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