Pierpoint 18 Condominium Unit Owners Association

Key facts from Pierpoint 18 Condominium Unit Owners Association's documents

Reflects the 1979 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 1, '18 unit condominium structure')

Legal name

Pierpoint 18 Condominium Unit Owners Association

Developer / declarant

DELAKE SHORES DEVELOPMENT CO., an Oregon partnership consisting of Richard D. Culp and James W. Jamison (Page 1, WHEREAS clause)

Governing law

ORS 91.505 to ORS 91.675 (original); ORS Chapter 100 (amendment) (Page 1 recital; First Amendment Recitals)

Assessments & dues

By Board of Directors according to allocations stipulated in Declaration (First Amendment Art VI Sec 1(b))

Special assessments

Deficiency assessment for insurance shortfall (Declaration Art K); assessment for failure to maintain (By-Laws Art VI Sec 5) (Declaration Art K (page 12); First Amend)

Collections & liens

Association has lien for unpaid common expenses; may foreclose; action for judgment without foreclosing lien (Declaration Art G (page 9-10))

Reserves & fees

Funding of reserve account described in ORS 100.175 (First Amendment Art VI Sec 1(a)(2))

Use restrictions

Implicit from restriction on use of recreational vehicles for residential purposes (Declaration Q (page 14))

Voting & meetings

Percentage basis, based on undivided interest in common elements (By-Laws Art II Sec 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.