Timberland Reserve Condominiums Owners' Association

Key facts from Timberland Reserve Condominiums Owners' Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title)

Legal name

Timberland Reserve Condominiums Owners' Association (Section 1.1.2)

Developer / declarant

W.R. Townhomes A, L.L.C., a Washington limited liability company (Preamble)

Governing law

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

Assessments & dues

Common expenses allocated proportionally to each Owner's interest in Common Elements (equal undivided interest per Exhibit B) (Sections 5, 7.1.2)

Collections & liens

Association has lien on Unit for unpaid assessments; can foreclose, appoint receiver to collect rent (Section 7.4)

Reserves & fees

Mentioned in context of assessments for reserves per Bylaws Section 5.2; no specific amount (Sections 7.1.3, 24 (bond covers reserves)

Leasing & rentals

Mentioned only that restrictions on leasing are set forth in Bylaws Section 7.1 (Section 13)

Signs & flags

Declarant may maintain signs for identification and sales during development period (Section 15.5.3)

Voting & meetings

One vote per Unit (subject to Declarant's enhanced voting: 5 votes per Unit owned during control period) (Sections 8 and 21.2)

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