Fairway Village Condominium Unit Owners Association, Inc.

Key facts from Fairway Village Condominium Unit Owners Association, Inc.'s documents

Community type

Condominium (Document title and Article 1)

Developer / declarant

Rives wiesace DEVEL GPRENT COMPANY (likely River West Development Company) (Declaration preamble)

Governing law

Oregon Condominium Act, ORS 94.004 et seq. (Section 1 (Definitions) and Declaration )

Assessments & dues

By Board of Directors to meet common expenses; equal proportion except fire/casualty insurance (by coverage amount) and reserve funding (by square footage) (Bylaws Article VI, Declaration Section 4)

Collections & liens

Association may foreclose a lien for assessments (Declaration Section 19.4)

Reserves & fees

Reserve account for replacements funded from monthly assessments; also Declarant established reserve per Oregon Condominium Act (Bylaws Article VI (Reserve Items), Decla)

Pets

Yes, but limited: one household pet per unit, not to exceed 20 pounds, not for commercial purposes, not allowed to run at large (Bylaws Article VIII, Section 4)

Leasing & rentals

Leasing not prohibited; timesharing prohibited (Bylaws Article VIII, Section 13)

Signs & flags

Declarant may maintain sales signs; no other signs mentioned for owners, but likely restricted (Declaration Section 16.1)

Maintenance

Association responsible for general common elements including roofs, foundations, central services, etc. Owners responsible for interior and limited common elements (decks/courtyards shared expenses, driveways limited common) (Declaration Sections 4.1, 4.2, 7)

Insurance

Association shall obtain property insurance covering common elements and units (building structure), and liability insurance (Bylaws Article IX)

Use restrictions

Except Unit No. 1 (manager residence/office), all units for rest, recreational, and vacation purposes only (Declaration Section 8)

Voting & meetings

One vote per unit allocated in proportion to percentage of ownership in general common elements (Bylaws Article II, Section 2)

Amendments

Requires 75% of voting rights; Declarant consent as long as Declarant owns units; certain amendments require mortgagee approval (51% of eligible mortgages) (Declaration Sections 12.7, 13)

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