Teton Creek

Key facts from Teton Creek's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Teton Creek Condominiums

Developer / declarant

Teton Creek LLC, an Oregon limited liability company (Article 1.4)

Governing law

Oregon Condominium Act (ORS 100.005-100.990) (Article 1.8 and preamble)

Assessments & dues

By board budget; common expenses allocated per unit's square footage proportion (Declaration Article 8.1 and Bylaws Artic)

Special assessments

Permitted as per Bylaws; capital improvements require owner approval? (Bylaws Article 5.4)

Collections & liens

Lien placed for assessments >90 days delinquent; costs borne by owner (Amendment to Bylaws, Article 5, Section )

Reserves & fees

Required; reserve studies addressed in Bylaws Article 5.6 (Bylaws Article 5.6)

Pets

Not explicitly addressed in provided text; amendment mentions pet restriction amendment requiring 75% vote (Amendment to Bylaws, Article 9 Section 2)

Leasing & rentals

Yes (implied by restrictions on leasing units in amendment) (Amendment to Bylaws, Article 9 Section 2)

Parking & vehicles

Addressed in Bylaws Article 7.5(g) - not fully legible (Bylaws Article 7.5(g))

Use restrictions

Yes (Declaration Article 10 and Bylaws Articl)

Voting & meetings

One vote per unit; Declarant has five votes per unit until 75% sold or 3 years after first conveyance, whichever earlier (Declaration Article 8.2)

Amendments

Proposed by majority of board or 30% of voting rights; approved by 75% of voting rights (excluding Declarant weight) plus Mortgagees if required; Declarant consent needed while Declarant owns units, but not after 10 years from first conveya (Declaration Article 16)

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