Cavalier Condominium Owners Association

Key facts from Cavalier Condominium Owners Association's documents

Community type

Condominium (Article One: 'a condominium project')

Legal name

Cavalier Condominium Owners Association

Governing law

Oregon Condominium Act (ORS Chapter 100, formerly ORS Chapter 91) (Article Two: 'under the provisions of OR)

Assessments & dues

Not fixed; determined annually by Board based on budget. (Article Six, Section 2 (restated))

Collections & liens

Not detailed; Declaration referenced for enforcement. Voting rights transfer to mortgagee upon recorded default. (Article Three, Section 10 (restated))

Reserves & fees

Budget includes 'reasonable provision for contingencies and replacements' and 'any reserve accounts'. Transfers to reserve for capital additions count toward 10% limitation. (Article Six, Section 2; Article Four, Se)

Insurance

Board may provide for a deductible to the extent permitted by Oregon condominium law. (Article Four, Section 6(2) (restated))

Voting & meetings

Each unit owner entitled to one vote per unit owned. Multiple owners of a unit must act unanimously. Association may vote on units it owns as decided by the Board. (Article Three, Section 10 (restated))

Amendments

Referenced in 1987 amendments as Article Nine, Section 2 requiring 75% of those present and voting. Not fully reproduced in restated version. (1987 amendments page 14: 'provided in Ar)

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