Fanno Pointe Condominiums Owners' Association

Key facts from Fanno Pointe Condominiums Owners' Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title; Section 1.1.8)

Units / lots

24 initially; maximum of 42 after annexation (Section 4.2; Section 11.1)

Developer / declarant

Fanno Pointe, L.L.C., a Washington limited liability company (First paragraph of Declaration)

Governing law

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

Assessments & dues

Common expenses allocated in proportion to each Owner's interest in the Common Elements (equal undivided interest per Unit) (Section 7.1.2; Section 5)

Collections & liens

Association may foreclose lien on Unit for unpaid common expenses; may appoint receiver to collect rent; may purchase Unit at sale (Section 7.4)

Reserves & fees

Declarant must conduct reserve study and establish reserve fund for replacement of Common Elements (normally require replacement in >3 and <30 years) and for painting exterior surfaces (Section 14.3)

Maintenance

Association responsible for Common Elements including exterior surfaces, roofs, gutters, siding, garage doors, window glass, streets, walkways, landscaping. Owner responsible for unit interior and garage door opener. (Section 14.1; Section 14.2)

Insurance

Association maintains insurance covering Common Elements and Units to extent of coverage (Section 22.1)

Use restrictions

Units intended for use and occupancy by Owners as primary or secondary residences (Section 9)

Voting & meetings

One vote per Unit (Section 8)

Amendments

Requires approval of Owners holding at least 75% of voting power; some sections require all Owners' consent; specified sections require prior approval of at least 51% of first Mortgagees (based on one vote per first Mortgage). Recorded afte (Section 25)

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