Plum Tree Condominium Owners' Association

Key facts from Plum Tree Condominium Owners' Association's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Plum Tree Homeowners Association

Developer / declarant

Mission Homes Northwest, LLC

Governing law

Oregon Planned Community Act, ORS 94.550 to 94.783 (Recitals, page 1; Article 1)

Assessments & dues

Not fixed; determined annually by Board budget (Section 10.4, page 20)

Special assessments

Board may levy special assessments for deficit, Owner's breach, repairs, capital improvements (80% vote of Lots), reimbursement assessments (Section 10.5, page 21-22)

Collections & liens

Association has lien on Lot for delinquent assessments, superior except property taxes and first mortgage; may foreclose per Planned Community Act (Section 10.7.2, page 23-24)

Reserves & fees

Reserve Account established separate from operating; Board shall inventory Common Area items, estimate remaining life and replacement cost, set reserve assessment (Section 10.6.2, page 22-23)

Pets

Domesticated dogs and cats only, not for commercial purposes, reasonable number (Section 4.5, page 7)

Leasing & rentals

Owner may rent or lease Home or portion thereof provided conditions met (Section 4.4, page 7-8)

Parking & vehicles

Prohibited for boats, trailers, commercial vehicles, mobile recreational vehicles at any time (Section 4.7, page 8)

Signs & flags

One 'For Sale' or 'For Rent' sign up to 24x36 inches; political signs allowed but must remove within 3 days after election; real estate signs remove within 3 days after sale closing (Section 4.9, page 9)

Use restrictions

Lots shall only be used for residential purposes (Section 4.1, page 6)

Voting & meetings

Class A members (Owners other than Declarant): one vote per Lot; Class B member (Declarant): three votes per Lot owned until termination (Section 7.3, page 17)

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