Association of Unit Owners of Braewood Condominiums

Key facts from Association of Unit Owners of Braewood Condominiums's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Association of Unit Owners of Braewood Condominiums

Developer / declarant

Association of Unit Owners of Braewood Condominiums

Governing law

Oregon Condominium Act, ORS 100.005 et seq. (Declaration Section 1 (PAGE 5); Bylaws S)

Assessments & dues

Annual assessments for common expenses apportioned among Units based on each Unit's percentage of ownership in the common elements. Certain services may be billed on a per-Unit basis. (Declaration Section 8.5 (PAGE 9); Bylaws)

Special assessments

Special assessments are permitted as provided in Bylaws Section 6.3. (Bylaws Section 6.3 (PAGE 20) (header onl)

Collections & liens

Association has a lien for unpaid assessments. Lien is subordinate to first mortgage. Foreclosure of a first mortgage discharges Association's lien for unpaid assessments accruing before mortgagee takes possession, except for pro rata share (Declaration Sections 8.5, 10.3 (PAGE 9-1)

Reserves & fees

Replacement reserve accounts established and maintained. Reserve study and maintenance plan updated as required by Oregon Condominium Act. (Bylaws Sections 4.3.2, 6.1.2 (PAGE 28, 2)

Leasing & rentals

Leasing allowed but restricted. Units cannot be rented for periods of fewer than 30 days. (Declaration Section 10.2 (PAGE 10); Byla)

Architectural approval

Board approval required for installation of heat pump or similar equipment on common elements. Also, alterations to Unit are restricted (Bylaws Section 7.2). (Declaration Section 13.4 (PAGE 14); Byla)

Use restrictions

Each Unit shall be used for residential purposes only. (Declaration Section 7.1 (PAGE 7))

Voting & meetings

One vote per Unit (Declaration Section 6 (PAGE 6); Bylaws S)

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