Association of Unit Owners of Century Drive Condominium

Key facts from Association of Unit Owners of Century Drive Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title, Section 1.1.6)

Legal name

Association of Unit Owners of Century Drive Condominium

Units / lots

2 (with potential for third unit on variable property) (Section 4.1)

Developer / declarant

Rob Voth Construction LLC (Declaration opening paragraph)

Governing law

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

Assessments & dues

According to percentage interest in common elements as set forth in Exhibit B (50% per unit) (Section 7.1, Exhibit B)

Special assessments

Permitted; includes reserve assessments and any other special assessments (Section 7.4)

Collections & liens

Association has a lien on the unit for unpaid assessments; may foreclose. In foreclosure action, owner must pay reasonable rent; receiver may be appointed. (Section 7.5, 7.6)

Reserves & fees

Mentioned in Bylaws Article 6 (not extracted); assessments for reserves commence upon first sale. (Section 7.2)

Leasing & rentals

Yes, no restrictions on alienation of units (Section 12)

Setbacks / home size

Unit boundaries are 3 feet outside the perimeter of the foundation footprint (Section 4.2)

Maintenance

Unit includes roof within boundaries; Association insurance covers damage; Owner responsible for uninsured portion (Section 4.2 (boundaries), 20.1, 20.2)

Insurance

If damage caused by Owner's act or neglect, Owner pays deductible to extent not covered by Association insurance (Section 20.2)

Use restrictions

Units may be used for any use permitted within the Residential Standard (RS) zone or subsequent zone (Section 9)

Voting & meetings

One vote per unit regardless of number of owners (Section 8)

Amendments

Proposed by majority of Board or owners holding 30% of votes; approved by owners holding at least 75% of voting power and consent of Declarant for 10 years; unanimous for Sections 13.1 and 15; certain sections require approval of 51% of fir (Section 23)

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