Terra Linda Condominium Association

Key facts from Terra Linda Condominium Association's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Terra Linda Condominium Association (Section 1.1; Section 10.2; Bylaws Articl)

Units / lots

14 residential Units plus 6 Parking Units (total 20 units) (Section 3.3)

Governing law

Oregon Condominium Act, ORS 100.005 et seq. (Section 1; Recitals)

Reserves & fees

Bylaws provide for reserve accounts: General Operating Reserve, Special Reserves; funding based on common expense liability (Bylaws Section 6.1.2, 6.1.2.1, 6.1.2.2, )

Leasing & rentals

Yes, but Units cannot be rented for periods less than 30 days (Section 12.2; Bylaws Section 7.13)

Fences

Not explicitly addressed

Architectural approval

Yes, for installing heat pump/similar equipment; also for alterations to unit (Section 15.4; Bylaws Section 7.2)

Home business

Not explicitly addressed in provided text

Signs & flags

Declarant may maintain 'For Sale' and 'For Rent' signs; no general owner sign restriction mentioned except possibly in Bylaws (Section 16.2)

Insurance

Owners and tenants are encouraged to obtain their own insurance; insurance deductible is owner's responsibility if damage caused by them (Bylaws Section 8.7)

Voting & meetings

One vote per Unit; no voting rights for Parking Units (Section 7; Bylaws Section 2.2)

Amendments

Declaration: 75% of voting rights, plus Declarant consent until developer control expires, plus mortgagee consent for certain amendments (Section 12.7); Bylaws: amendable by vote of owners as per Bylaws Article 11 (Sections 13, 12.7; Bylaws Article 11)

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