Brafferton

Key facts from Brafferton's documents

Community type

condominium (Multiple references to ORS 100 (Oregon C)

Legal name

BRAFFERTON HOMEOWNERS ASSOCIATION

Governing law

ORS 100 (Section 1.6: 'Oregon Non-Profit Corporat)

Assessments & dues

Board prepares budget at least annually, estimates common expenses, assesses each property owner proportionally as set forth in declaration. (Section 5.1: 'board of directors shall .)

Special assessments

Capital improvements: board may by resolution establish separate assessments treated as capital contributions; Reserve Account: funded by equal assessments for replacement of common elements (3-30 year life). (Section 5.4: 'board of directors may by )

Collections & liens

Lien for unpaid common expenses has priority over homestead but subordinate to tax liens; may have priority over prior mortgage per ORS 100.450; association may foreclose lien, purchase at sale, appoint receiver to collect rent, recover exp (Sections 5.5, 5.6, 5.7: 'lien upon the p)

Reserves & fees

Reserve Account established for replacement of common elements with estimated useful life more than 3 and less than 30 years; funded by equal assessments; deferred for each property until conveyance except declarant may defer up to 3 years; (Section 5.4(b): 'Reserve Account shall b)

Home business

Not explicitly prohibited, but commercial purposes restricted except as allowed for declarant; inference that home occupations not addressed. (Section 7.5(a): 'no property shall be us)

Use restrictions

Buildings and properties restricted to use as single-family residences only, on ownership, rental, or lease basis, and for social/recreational activities normally incident, plus association operation and management; declarant may use for sa (Section 7.5(a): 'The buildings and prope)

Voting & meetings

One vote for each property exercised by the property owner or co-owners. (Section 2.6: 'one vote for each property)

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