Oregon Court Homeowners Association

Key facts from Oregon Court Homeowners Association's documents

Community type

Condominium (Preamble paragraph B; Article 1.09)

Legal name

Oregon Court Limited

Governing law

California Condominium Act (California Civil Code Section 1350 et seq.) (Preamble paragraph B)

Special assessments

Board may levy special assessments for capital improvements or extraordinary expenses. If special assessments exceed 5% of budgeted gross expenses in a fiscal year, majority vote required (including majority of non-Declarant). While two-cla (Article 4.05)

Reserves & fees

Board annually fixes contributions to reserve funds for reconstruction, repair, or replacement of improvements. Trust accounts separate for capital improvements and replacement. (Article 4.06; 4.07)

Leasing & rentals

Rental for any period less than 30 days is prohibited (except pre-closing rental to purchaser). (Article 5.09)

Architectural approval

Plans and specifications must be submitted to Board or Committee; if not approved or disapproved within 30 days after submission, approval is deemed given. (Article 5.14(a) (final sentence))

Signs & flags

Except as provided in Article 8.09(d), only one sign of customary dimensions advertising Unit for sale or lease may be displayed; all other signs require Board or committee approval and must conform to local ordinances. (Article 5.05)

Maintenance

Association maintains Common Area. Owner liable for damages to Common Area caused by owner/occupant/guest if not covered by insurance. Owner repairs/replacement from excluded items (willful/negligent acts) are owner's responsibility; if own (Article 3.05(a); 5.13)

Voting & meetings

Class A (all owners except Declarant): one vote per Unit owned; Class B (Declarant): triple votes per Unit owned. Class B ceases when Class A total votes equal Class B total votes (tripled) or 2nd anniversary of final subdivision report, wh (Article 3.04)

Amendments

Not fully detailed in excerpt; references to 'amended declaration' for changing common interest (requires consent of affected owners and 75% of first mortgagees). Material amendments (as listed in Article 7.01(d)(6)) require prior written a (Article 2.02(b); 7.01(d)(6))

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