Orleans Condominium

Key facts from Orleans Condominium's documents

Reflects the 2024 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Unit Owners Association Of Orleans Condominium

Governing law

RCW 64.34 (Washington Condominium Act) (Pursuant to RCW 64.34.264 and Section 16)

Special assessments

If insurance proceeds and reserves insufficient to cover reconstruction costs, Board shall present a budget containing a Special Assessment; vote of eighty percent (80%) of Unit Owners required to reject such budget (Section 10.9)

Reserves & fees

Reserve Accounts shall include funds to cover the deductible amounts under the master property policy (excluding earthquake, flood) and also may include funds for earthquake deductible as provided in Section 9.3 (Section 10.3.1; Schedule 10 Section 10.2)

Insurance

Deductible amount no greater than five percent (5%) of the face amount of the policy (Section 10.3.1)

Amendments

Amendment requires vote or agreement in writing of Owners holding sixty-seven percent (67%) of the votes in the Association (Section 16.1 of the Declaration and RCW )

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