Association of Unit Owners of Schollsbridge Condominiums

Key facts from Association of Unit Owners of Schollsbridge Condominiums's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Oregon Revised Statutes, Sections 100.005 et seq. (Oregon Condominium Act) (Art. I, Sec. 1.1)

Collections & liens

Association has lien for delinquent assessments enforceable per ORS 100.450; may foreclose, obtain rent, appointment of receiver; Association may bid at foreclosure; lien priority except for tax liens and prior recorded mortgages under cert (Art. VII, Sec. 7.7(d), 7.7(e))

Reserves & fees

Up to 10% of delinquent assessment if not paid within 10 days from due date (Art. VII, Sec. 7.7(c))

Voting & meetings

Each Unit has one vote; total voting power equals number of Units; vote for a Unit must be cast as single vote; fractional votes not allowed (Art. II, Sec. 2.2)

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