Greenwich Condominium Association

Key facts from Greenwich Condominium Association's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Greenwich Condominium

Developer / declarant

Greenwich Condos, LLC, an Oregon limited liability company (Recitals, Intent and Purpose; PAGE 4)

Governing law

Oregon Condominium Act, ORS 100.005 et seq. (Section 1)

Assessments & dues

Common expenses apportioned based on each Unit's percentage of ownership in common elements (assessment index) (Section 9.6; Section 3.4 table)

Special assessments

Capital assessments require Declarant's consent as long as Declarant owns >2 units or 5% of total (Section 14.3)

Reserves & fees

Replacement reserves funded as part of common expenses (Section 9.6)

Leasing & rentals

Units cannot be rented for periods of fewer than 30 days (restriction applies even to mortgagees) (Section 11.2 (last sentence); Section 7.)

Use restrictions

Yes. Short-term rentals of less than 30 days are considered residential. (Section 7.1.1)

Voting & meetings

One vote per Unit (Section 6)

Amendments

Amendment requires approval of 75% of voting rights; Declarant's consent needed during developer control; mortgagee consent for certain amendments (Section 11.7). No amendment may reduce mortgagee rights without prior written consent. (Sections 12, 11.7)

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