New Pacific Winds Condominiums Homeowners Association, Inc.

Key facts from New Pacific Winds Condominiums Homeowners Association, Inc.'s documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1.2 Condominium(s) means the Rea)

Legal name

New Pacific Winds Condominiums Homeowners Association, Inc.

Governing law

Oregon Condominium Act, ORS 100.005 et seq. ([[PAGE 13]] Introduction: 'provisions, r)

Assessments & dues

Apportioned based on each Unit’s percentage of ownership in common elements (1/36 per unit) (Section 10.6: 'common expense ... apport)

Special assessments

Permitted; but Declarant’s consent required for capital assessments while Declarant owns ≥2 units or 5% (Section 16.3: 'Neither the Association n)

Collections & liens

Association may foreclose lien for unpaid assessments; lien subordinate to first mortgage (Section 12.3: 'lien of the Association s)

Reserves & fees

Reserve fund required under ORS 100.175; Declarant may defer reserve payments (Section 10.6: 'reserves required under O)

Leasing & rentals

Nightly vacation rentals allowed; Association may not prohibit unless 100% of voting owners agree (Section 8.1: 'Each unit may be used for )

Signs & flags

Declarant may maintain 'For Sale' and 'For Rent' signs at reasonable locations (Section 16.2: 'Declarant may maintain a )

Maintenance

Association maintains general common elements and limited common elements (except owner-caused damage); owners maintain doors, windows, patio doors, window frames, exterior lights (Section 4.2: 'cost of maintenance, repai)

Use restrictions

Temporary occupancy residential purposes; nightly vacation rentals allowed (Section 8.1: 'Each Unit shall be used on)

Voting & meetings

One vote per Unit (Section 7: 'The owner or co-owners of ea)

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