Lofts at the Round Condominium Association

Key facts from Lofts at the Round Condominium Association's documents

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

Community type

Condominium (Declaration title: 'Lofts at the Round C)

Developer / declarant

LDP Beaverton LLC, a Delaware limited liability company (Article 1.5 (Definitions: 'Declarant') a)

Governing law

Oregon Condominium Act (ORS Chapter 100) (Opening recital: 'pursuant to the provis)

Assessments & dues

Not fixed; determined annually by budget (Bylaws Section 5.1)

Reserves & fees

Board shall maintain a replacement reserve for major repairs and replacements, funded from common expenses (Bylaws Section 5.5)

Use restrictions

Residential Units for residential purposes as described in Bylaws; Commercial Units for retail, commercial, professional purposes allowed by zoning (excluding pornographic/erotic sales) (Declaration Article 10.1, 10.2)

Voting & meetings

Each unit owner has a vote equal to the unit's undivided interest in common elements (Declaration Article 8.2; Bylaws Section )

Amendments

Proposed by majority of board or 30% of unit owners; approved by 75% voting rights and mortgagee approval per Article 13; Declarant consent until last stage and 25% ownership; cannot change unit size/location/interest without affected owner (Declaration Article 17; Article 13.2)

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