Fountainwood at Summerfield a Condo

Key facts from Fountainwood at Summerfield a Condo's documents

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

Community type

Condominium (Title: Declaration of Condominium Owners)

Legal name

Fountainwood At Summerfield, A Condominium

Developer / declarant

Conrad Custom Homes, Inc., an Oregon corporation (Declaration first paragraph)

Governing law

Oregon Condominium Act (ORS 100) (WHEREAS clauses and multiple ORS referen)

Assessments & dues

Set annually by Board; due February 1st; initial assessment from closing of first sale to end of calendar year (Bylaws Art VI, 6.1)

Special assessments

May be levied by Association vote; original requires 75% assent of unit owners at meeting with 30 days notice (Bylaws Art VI, 6.4 (original))

Collections & liens

Association may perfect lien under ORS 100.450 and foreclose; judgment includes interest, reasonable attorney's fees, costs (Bylaws Art VI, 6.9)

Reserves & fees

Declarant to establish reserve account for replacement of common elements with life 3-30 years; funded by assessments; may borrow for seasonal demands after turnover; after second year of owner control, 75% vote may adjust; assessments not (Bylaws Art XVIII, 18.1)

Pets

Yes, but limited to one domestic cat, one dog, and caged pet birds per unit; no other animals or fowl (Bylaws Art X, 10.2a)

Architectural approval

Written consent of Board required for structural alterations, improvements, additions, subdivisions, painting or decorating deck/patio/exterior (Bylaws Art XIV, 14.1)

Signs & flags

One sign not larger than 18 inches by 24 inches advertising unit for sale permitted; no real estate broker signs; restrictions not applicable to declarant (Bylaws Art XIV, 14.3)

Use restrictions

Each unit intended for residential use and any other use permitted by City of Tigard ordinances (Declaration Art VIII, 8.1; Bylaws Art X,)

Voting & meetings

Each unit entitled to one vote (Declaration Art VII, 7.1)

Amendments

Requires approval of not less than 75% of unit owners; cannot change allocation of undivided interest, method of determining common expenses, right to common profits, or voting rights without approval of affected unit owners; must be record (Declaration Art X, 10.1)

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