Inlet Sunrise Condominium Association

Key facts from Inlet Sunrise Condominium Association's documents

Community type

Condominium

Legal name

Inlet Sunrise Condominium Association

Developer / declarant

DONALD E BROWN and LINDY J BROWN, husband and wife, doing business as Don Brown Construction (Preamble, Declaration)

Governing law

Oregon Condominium Act (ORS 100.005 et seq.) (Preamble; Article 1.9)

Assessments & dues

Board annually prepares budget, estimates common expenses, and assesses each unit owner in proportion to undivided interest in common elements (Bylaws 5.1; Article 8.1)

Special assessments

Permitted by board for capital improvements or unexpected expenses; allocated same proportion as common expenses; may be payable in installments (Bylaws 5.4)

Collections & liens

Association has lien for unpaid assessments; subordinate to tax liens and first mortgages; may foreclose and purchase unit at sale; also may sue for money judgment without foreclosure (Bylaws 5.7, 5.9)

Reserves & fees

Declarant establishes reserve account for replacement of common elements with life 3-30 years; funded by assessments; board may borrow from reserve; after 2 years from turnover, reserve assessments may be reduced by 75% vote (Bylaws 5.5)

Leasing & rentals

Leasing of units is a material change requiring mortgagee approval (Article 13.2.2(j)); no minimum term or other restrictions stated (Article 13.2.2(j))

Architectural approval

Unit owner may not change appearance of common elements or exterior of unit without board permission (Bylaws 7.2(d)); alterations affecting structural integrity require board review and possibly engineer report (Bylaws 7.2(a)-(b)) (Bylaws 7.2)

Maintenance

Unit owner: maintenance and repair of unit interior, windows, doors, plumbing, fixtures, appliances, etc.; Association: all common elements (general and limited), roofs, foundations, bearing walls, etc. (Bylaws 7.1(a)-(b); Articles 5, 11.1)

Use restrictions

Each unit shall be used for residential purposes (Article 10)

Voting & meetings

One vote per unit; proxies allowed; mortgagee may vote if pledged (Article 8.2; Bylaws 2.6, 2.7)

Amendments

Proposed by majority of board or 25% of unit owners; requires approval of 75% of voting rights and mortgagee approval as per Article 13; Declarant consent needed if owns 25%+ of units until 7 years after first conveyance; must be recorded (Article 15)

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