Fremont Row Condominium Owners' Association

Key facts from Fremont Row Condominium Owners' Association's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and introductory paragraph)

Legal name

Fremont Row Condominiums Owners’ Association (Section 18.1)

Units / lots

22 (10 Primary Units: 6 Residential, 3 Commercial, 1 Restaurant; 6 Parking Units; 6 Storage Units) (Introduction and Section 4.1)

Developer / declarant

Fremont NWX, LLC, an Oregon limited liability company (Section 1.1.k)

Governing law

Oregon Condominium Act, ORS Chapter 100 (Section 1.1.a)

Collections & liens

Association may foreclose lien on Owner's Units, including Parking/Storage Units, for unpaid assessments. Receiver may be appointed to collect rent. Owner liable for interest, late charges, attorneys fees. (Section 7.7, Section 7.8)

Reserves & fees

Declarant shall conduct reserve study and establish reserve fund for replacement of Common Elements with useful life >1 year and <30 years, and for painting/sealing exterior surfaces. Assessments for reserves commence upon first sale of a U (Section 13.3)

Leasing & rentals

Leasing is implicitly permitted; Section 25.2(i) lists imposition of restrictions on leasing as a material amendment requiring mortgagee approval, indicating leasing is otherwise allowed. No minimum term or cap stated. (Section 25.2(i))

Parking & vehicles

Parking Units P1-P6: parking of vehicles owned/operated by Owner, tenant, or resident of a Residential Unit; adjacent storage area for same persons. No other parking rules detailed. (Section 9.1)

Use restrictions

Residential Units for residential use only; Commercial Units for commercial purposes; Restaurant Unit for restaurant or commercial; Parking Units limited to parking and storage for owners/tenants/residents of Residential Units; Storage Unit (Section 9.1)

Voting & meetings

Residential Units: 10 votes each; Commercial Units: Unit 1 and 2 – 20 votes each, Unit 3 – 10 votes; Restaurant Unit: 25 votes; Parking and Storage Units: none (Section 8.1)

Amendments

Proposed by majority of Board or by Owners holding 30% of voting rights. Requires approval of 75% of voting power plus Declarant's consent for 10 years after Turnover or as long as Declarant owns a unit. Amendments affecting only Residentia (Section 25.1, 25.2)

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