Greenleaf Condominium Unit Owners Association, Inc.

Key facts from Greenleaf Condominium Unit Owners Association, Inc.'s documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Oregon Condominium Act (ORS 100.005 et seq.) (Declaration recital: 'submits the proper)

Reserves & fees

Declarant shall establish a reserve account for major repair/replacement. Board annually conducts a reserve study. Assessments for reserve begin on sale of first unit to non-declarant. (Section 17)

Parking & vehicles

No general common element parking. Only limited common element driveways for each unit. (Section 6.1 and Section 5.1)

Use restrictions

Each unit to be used for residential purposes only. (Section 8.1: 'Each unit is to be used fo)

Voting & meetings

One vote per unit. Majority = owners of more than 50% of voting rights. (Section 7: 'Each unit shall be entitled )

Amendments

Declaration may be amended by consent of all unit owners, with Declarant's consent until end of control period. No amendment reducing mortgagee rights without mortgagee consent. Certain material amendments require mortgagee approval (51% of (Sections 13, 13.1, 12.7)

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