Boones Ferry Commons Home Owners Association

Key facts from Boones Ferry Commons Home Owners Association's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Boones Ferry Commons Condominium Association

Units / lots

Maximum 12; as of Stage 3: 8 units (Section 3.4(a) and Section 3.3 table in )

Developer / declarant

NABCO, INC.

Governing law

Oregon Condominium Act, ORS 100.005 et seq. (Section 1, Declaration (Doc 160344))

Assessments & dues

Common expenses apportioned equally among all units; Board determines amounts required for operation, maintenance, etc. (Section 4.2, Declaration (Doc 160344) pa)

Collections & liens

Association's lien for unpaid assessments is subordinate to first mortgage; mortgage holder taking possession takes free of prior unpaid assessments except pro rata share (Section 12.3, Declaration (Doc 160344) p)

Reserves & fees

Each unit liable for funding replacement reserves for general common elements, apportioned equally (Section 4.2, Declaration (Doc 160344) pa)

Use restrictions

Each unit is to be used for residential purposes only (Section 8, Declaration (Doc 160344) page)

Voting & meetings

One vote per unit; Majority means owners of more than 50% of voting rights (Section 6, Declaration (Doc 160344) page)

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