Sexton Crest Condominiums Owners' Association

Key facts from Sexton Crest Condominiums Owners' Association's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title: DECLARATION OF CONDOMINIUM OWNERS)

Developer / declarant

Sexton Crest Townhomes, L.L.C., a Washington limited liability company (Opening paragraph)

Governing law

Oregon Condominium Act, ORS 100.005 to 100.990 (Section 1.1.1)

Assessments & dues

Not fixed; assessments are allocated in proportion to interest in Common Elements (Exhibit B) (Section 7.1.2)

Special assessments

Board may levy special assessments for maintenance/repair if owner fails (Section 14.2) and for reserve fund (Section 14.4) (Section 14.2, 14.4)

Collections & liens

Association has lien on Unit for unpaid common expenses; may foreclose; may purchase Unit at sale; may recover rent via receiver (Sections 7.3, 7.4)

Reserves & fees

Reserve fund required for replacement of common elements, stormwater facilities, painting (Section 14.4); administered per Bylaws (Section 14.4)

Leasing & rentals

Not restricted by Declaration (Section 13 says no restrictions on alienation), but Bylaws may have leasing restrictions (Section 13: Except to the extent set for)

Parking & vehicles

Guest parking spaces designated, if any (Section 5.4). No other parking rules. (Section 5.4)

Maintenance

Association (part of exterior surfaces) (Section 14.1: ...the repair and replacem)

Insurance

Association responsible for insurance covering Common Elements and Units to extent of coverage (Section 22.1) (Section 22.1)

Use restrictions

Units intended for use and occupancy as primary or secondary residences (Section 9: The Units are intended for us)

Voting & meetings

One vote per Unit (Section 8: Subject to Section 21, one vo)

Amendments

Requires approval of 75% of voting power of Association plus Declarant consent while Declarant owns a Unit or has annexation rights (Section 25.1). Certain sections require unanimous owner approval. Mortgagee approval required for specified (Section 25)

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