Canyon Court Condominiums Owners Association

Key facts from Canyon Court Condominiums Owners Association's documents

Community type

Condominium (Article 1.3 'Condominium' and Article 2)

Legal name

Canyon Court Condominiums Owners Association (Article 14.1; Bylaws 1.1)

Developer / declarant

Canyon Court Condominiums, LLC, an Oregon limited liability company (First paragraph and Article 1.4)

Governing law

Oregon Condominium Act (ORS 100.005 et seq.) (Preamble and Article 1.8)

Special assessments

Permitted for capital improvements (requires unit owner approval if total cost exceeds $20,000) and other extraordinary expenses; special assessments may be levied as provided in Bylaws 5.5 (Bylaws 5.5)

Collections & liens

Association has lien on unit for unpaid assessments; may foreclose (Bylaws 5.6, 5.7, 5.8)

Reserves & fees

Required; funded by regular assessments; use limited to major repairs and replacements; reserve study required (Bylaws 5.6)

Leasing & rentals

Yes, subject to Bylaws provisions on leasing and rental of units (Section 7.6) (Bylaws 7.6 (title and content); Declarat)

Use restrictions

Each unit is to be used for residential purposes only (Article 10 of Declaration; Bylaws 7.5(a))

Voting & meetings

Each unit owner one vote per unit; Declarant five votes per unit until (a) Declarant sells 75% of all units it may submit, or (b) seven years after first conveyance of a unit to a non-declarant (Article 8.2 of Declaration; Bylaws 2.6)

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