Sunset Meadows Condo

Key facts from Sunset Meadows Condo's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title and Recitals of both documents)

Legal name

Sunset Meadows Condominium Association

Governing law

ORS 100.005 et seq. (Oregon Condominium Act) (Article 1, Section 1.1 and Section 1.4 o)

Assessments & dues

Board adopts budget at least 60 days before fiscal year. Each Unit's share based on fractional ownership. Assessments may be payable semi-annually, quarterly, or monthly. (Sections 6.1, 6.5.1 of Bylaws (DOC 15895)

Special assessments

Board may levy special assessments: (1) for operating deficit by majority of Board; (2) for owner's breach of obligations; (3) for repairs/renovations if insufficient funds; (4) capital acquisitions <$2,500 by majority Board vote; (5) capit (Section 6.3 of Bylaws (DOC 158957 pages )

Collections & liens

Association entitled to lien enforceable under ORS 100.450. In foreclosure suit, Association may collect reasonable rent or obtain receiver. Personal obligation of owner. (Section 6.6 of Bylaws (DOC 158957 page 2)

Reserves & fees

Reserve account for replacement of common elements with useful life 3-30 years. Annual reserve study required. General operating reserve and special reserves. Reserves kept separate, invested in US guaranteed securities. (Section 6.1.2 of Bylaws (DOC 158957 page)

Pets

Only dogs and cats are permitted. No more than two pets total. Prior written consent of Board required. Must be registered and inoculated. Owner indemnifies Association. Board may require removal if pet is a nuisance. (Section 7.4 of Bylaws (DOC 158957 pages )

Leasing & rentals

Leasing is allowed but subject to numerous restrictions: rental cap (max 5 units), Board approval (except Grandfather/Mortgagee exceptions), minimum 30-day term, no transient/hotel use, written lease subject to governing documents. (Section 7.11 of Bylaws as amended (DOC 1)

Use restrictions

Each Unit shall be occupied as a single-family private dwelling. Home office allowed if clients, customers, etc. do not regularly visit. (Section 7.1 of Bylaws (DOC 158957 page 2)

Voting & meetings

One vote per Unit. Majority of owners = over 50% of voting rights. Association decisions require majority of owners present at a legal meeting (quorum present). (Sections 2.2, 2.3, 2.8 of Bylaws (DOC 15)

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