Reading And Understanding Governing Documents

Published on Jan 01, 2016

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PRESENTATION OUTLINE

Governing Documents

Types of Communities

  • Planned Communities (ORS 94)
  • Condominiums (ORS 100)

CREATION OF COVENANTS

SINGLE LANDOWNER; CONSENT OF MULTIPLE OWNERS

GOVERNING DOCUMENTS

  • DECLARATION / CC&RS
  • BYLAWS
  • PLAT
  • ARTICLES OF INCORPORATION
  • RULES, REGULATIONS & RESOLUTIONS

DECLARATION / CC&RS

  • EASEMENTS
  • OWNERSHIP INTERESTS
  • VOTING ALLOCATIONS
  • ASSESSMENT AUTHORITY
  • USE RESTRICTIONS
  • ARCHITECTURAL REQUIREMENTS

BYLAWS

  • ANNUAL MEETINGS
  • BOARD MEETINGS
  • ELECTIONS
  • QUALIFICATIONS OF BOARD MEMBERS / OFFICERS
  • BUDGET AND FINANCIAL OBLIGATIONS

ARTICLES OF INCORPORATION

  • FILED WITH SECRETARY OF STATE
  • MAY CONTAIN VOTING, BOARD MEMBER PROVISIONS

PLAT

RULES & REGULATIONS

CONFLICTS

  • DECLARATION USUALLY PREVAILS OVER BYLAWS
  • PLAT USUALLY PREVAILS OVER DECLARATION
  • ORS 100 & 94 PREVAIL OVER ORS 65

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