Avalon Park

Key facts from Avalon Park's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble and Section 1.1.10)

Legal name

Avalon Condominiums Owners' Association (Section 1.1.2, Section 18)

Developer / declarant

Magnolia Carriage One, L.L.C., a Washington limited liability company (First page, preamble)

Governing law

Oregon Condominium Act (ORS 100.005 to 100.990) (Section 1.1.1)

Assessments & dues

Board of Directors determines common expenses and assessments as provided in Bylaws (Section 7.1, Section 18)

Special assessments

Permitted (Section 7.3: "special assessments" menti)

Collections & liens

Association has a lien on each Unit for unpaid common expenses, may foreclose. Action for money judgment also allowed. (Section 7.3, Section 7.4)

Reserves & fees

Yes, for replacement of Common Elements requiring replacement in 3-30 years and for painting exterior surfaces. (Section 14.3)

Leasing & rentals

Leasing not restricted by Declaration, but subject to leasing restrictions in Bylaws (Section 8.1 of Bylaws referenced). (Section 13: "this Declaration and the By)

Parking & vehicles

Guest parking spaces are General Common Elements (Section 5.4). No other parking rules in Declaration. (Section 5.4, Section 5.6)

Insurance

Owners required to carry homeowner's insurance on Unit. (Section 22.2: "Owners of Units are requi)

Use restrictions

Units are intended for residential use (Section 9: "The Units are intended for r)

Voting & meetings

One vote per Unit (Section 8: "one vote shall be allocated )

Amendments

By 75% of Owners' voting power; certain sections require unanimous Owner consent; amendments affecting unit boundaries, allocation, voting, etc. require 51% of first mortgagees' approval (if they have requested notice). (Section 25.1, 25.2)

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