Silvercreek Condo

Key facts from Silvercreek Condo's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Both: Silvercreek Condominium is a condominium; Silvercreek No. 3 Homeowners Association is an HOA for rowhouses (Condominium Declaration title; Declarati)

Units / lots

8 (Lots 24-31) for Silvercreek No. 3 HOA; 11 lots (Lots 2-12) for Condominium (Restrictive Covenant para.1 (Lots 24-31))

Governing law

Oregon Condominium Act (ORS 100.005 et seq.) (Condominium Declaration Preamble and Sec)

Assessments & dues

Condominium: common expenses assessed according to each unit's undivided interest in common elements. HOA: each Living Unit assessed equally; budget presented to members may be amended by majority vote. (Condominium Declaration Section 7; Decla)

Special assessments

HOA: Board may levy special assessments for deficit (majority of Board), breach (majority), repairs/renovations (majority), capital additions/improvements (75% vote of all units). Condominium: common expenses may include special assessments (Declaration of Covenants and Restriction)

Collections & liens

HOA: assessments are a lien on the Living Unit, may be foreclosed, subordinate to first mortgage. Condominium: covenant to pay assessments, no waiver by abandonment; enforcement per Act. (Declaration of Covenants and Restriction)

Reserves & fees

HOA: reserve accounts for common property replacement (3-30 year items) and for painting/staining/roofing of Living Unit exteriors (3-30 year items). Condominium: reserve for common elements maintenance per bylaws. (Declaration of Covenants and Restriction)

Leasing & rentals

Condominium: owners may lease/rent unit subject to declaration, bylaws, rules. HOA: owner may rent unit on nightly, monthly, or other basis, subject to compliance with documents and applicable laws. (Condominium Declaration Section 5.3; Dec)

Fences

HOA: walls/fences cannot be altered without written consent of all Owners of Living Units in the building where located and ARC approval. Condominium: not specifically addressed. (Declaration of Covenants and Restriction)

Architectural approval

Yes, for any exterior change to structures on Property (both condominium and HOA). (Condominium Declaration Section 5.4 (Ass)

Home business

Not explicitly allowed; HOA prohibits commercial use generally but allows rentals even if considered commercial. No specific home business provision. (Declaration of Covenants and Restriction)

Signs & flags

Condominium: not addressed in provided text; HOA: Declarant may maintain 'For Sale' signs; otherwise no specific rule. General prohibition on structures without ARC approval. (Declaration of Covenants and Restriction)

Maintenance

HOA: Association maintains exterior of Living Units (paint, stain, roofs, chimneys), front landscaping, sewer lines to unit/courtyard, water lines to meter, structural walls and floor sheathing. Owner maintains interior (except structural w (Declaration of Covenants and Restriction)

Insurance

HOA: deductible determined by Board considering availability, cost, loss experience. (Declaration of Covenants and Restriction)

Use restrictions

Condominium: units occupied only for residential purposes for owner, family, tenants, social guests. HOA: all Lots and Living Units used for residential, recreation, vacation purposes only; no commercial, retail, or industrial use. (Condominium Declaration Section 5.3; Dec)

Voting & meetings

Condominium: each unit owner/co-owner entitled to one vote. HOA: Class A (owners other than Declarant) one vote per Living Unit; Class B (Declarant) three votes per Living Unit until termination (5 years or 75% conveyed). (Condominium Declaration Section 10; Decl)

Amendments

Condominium: requires 75% approval of all votes; certain changes require affected unit owner and mortgage holder consent; must be recorded. HOA: not provided in text (likely 75% of votes). (Condominium Declaration Section 13.1)

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