TIMBERLAND FALLS CONDOMINIUMS OWNERS' ASSOCIATION

Portland, Oregon
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Governed by ORS Chapter 94 (Oregon Planned Community Act). Registered as a condominium in Multnomah County, Oregon, in 2007. Reserves must be reviewed annually under ORS 100.175.

Community Profile
Legal Compliance Dashboard — Live Preview Oregon vs. Washington · 11 requirements tracked
3/11
CommunityPay tracks every numeric statutory requirement — fee caps, time limits, percentage caps, retention periods — across every state's community-association law. The full dashboard renders side-by-side comparisons across all 51 tracked jurisdictions and a live feed of statute amendments. Below, three rows for Oregon alongside Washington.
Requirement OR WA
RC delivery deadline 10 business days 10 calendar days
RC fee cap No cap $275
Judicial foreclosure required No No
Open the full dashboard for Oregon → all states, every threshold, statute changes tracked daily
Institutional Reference

Reserve study standards in Oregon

Statutory requirements, board preparation checklist, the components a professional study covers, and the useful-life ranges that drive thirty-year funding plans. Generic reference. Not a substitute for a study calibrated to a specific association.

Cadence
Annual
Authority
ORS 100.175(3)(a)
Scope
Component register, condition assessment, funding analysis

Oregon Condominium Act (ORS 100.175(3)(a)) requires the board to annually determine reserve account requirements by conducting a reserve study or reviewing and updating an existing study.

Most state regimes also require:

  • Annual disclosure of reserve funding status to owners.
  • Segregation of reserve funds from operating cash.
  • Board approval of the funding plan tied to the most recent study.

A reserve study has three parts:

  • Component register — every long-lived asset the association is responsible for maintaining.
  • Condition assessment — current age, remaining useful life, observable wear.
  • Funding analysis — how much the association must contribute each year so cash is available when components reach end-of-life.

CommunityPay maintains a Reserve Funding Status Report (RSR) generator tied to the live ledger. It is a status report, not a substitute for a professional study with on-site inspection.

What a board should have organized before commissioning a reserve study, and what a study delivers back. Use this list to evaluate whether the association is ready, regardless of state.

  1. Component register Every asset the association is responsible for maintaining — roofs, asphalt, mechanical systems, plumbing risers, elevators, amenities. Freeze a current version before the study.
  2. Condition assessments Last inspection reports, photographs, observed wear, recent repairs. The analyst calibrates useful-life estimates against this evidence.
  3. Useful-life and replacement-cost estimates Per component, calibrated to local climate, construction, and use intensity. A study produces these; the board verifies them.
  4. Thirty-year capital plan When each component reaches end-of-life and what replacement will cost in nominal dollars at that year.
  5. Funding plan Percent-funded, threshold, or baseline approach with an explicit annual contribution. The board approves; the study models outcomes.
  6. Current reserve fund balance Separated from operating cash. Ideally in interest-bearing accounts with FDIC coverage on the full balance.
  7. Annual budget tied to the funding plan Reserve contribution as an explicit budget line, traceable to the study and the funding policy.
  8. Most recent reserve study Full study, update, or interim review. Author credentials and date of the most recent on-site inspection.
  9. Insurance schedule Replacement-cost coverage on insured components. Deductibles that may draw against reserves in a loss.
  10. Board minutes referencing reserve decisions Special assessments, deferred maintenance, funding-policy changes, scope deviations from the study.

Categories most reserve studies cover. The specific components depend on the association. High-rise condos track far more than single-family HOAs. Gated communities track infrastructure that condos never see.

Roofing & Exterior

Asphalt shingle, metal, tile, or flat membrane roofs. Siding (wood, fiber cement, stucco, vinyl). Exterior paint. Soffits and fascia. Gutters and downspouts. Decks and balconies. Railings. Window and door frames in common areas.

Mechanical

HVAC chillers and cooling towers. Boilers and water heaters. Ventilation. Pumps. Fire suppression and sprinkler systems. Emergency generators. Elevators — cabs, controllers, jacks, and modernizations.

Site Work

Parking lots: seal coat, overlay, full reconstruction. Concrete sidewalks and curbs. Site lighting. Storm drainage. Retaining walls. Fencing. Entry gates and signage.

Plumbing & Electrical

Main water lines and risers. Sanitary and storm sewer lines. Backflow preventers. Common-area electrical panels and switchgear. Transformer pads. Distribution.

Amenities

Pools, spas, and pool equipment. Clubhouse interiors. Fitness rooms. Playgrounds. Tennis and pickleball courts. Mailbox kiosks. Trash enclosures and dumpster pads.

Safety & Code

Fire alarm panels. Emergency lighting. Smoke detectors in common areas. Fire-rated doors. Structural fireproofing. Sprinkler heads and inspection-required components.

A mid-size HOA typically tracks thirty to eighty components. A high-rise condo tracks two hundred or more. The categories above are illustrative. A professional reserve study identifies the components a specific association is responsible for.

Typical useful-life ranges for components common in reserve studies. Industry averages, not specific to any state, climate, or association. A professional study calibrates these to local conditions, construction quality, maintenance practice, and use intensity.

Component Typical useful life
Asphalt shingle roof20–25 years
Metal roof40–50 years
Tile or slate roof50+ years
Flat membrane roof (TPO/EPDM)15–25 years
Wood siding20–30 years
Fiber cement siding30–50 years
Stucco50+ years
Exterior paint cycle7–10 years
Gutters and downspouts20–30 years
Wood deck, pressure-treated15–20 years
Composite deck25–30 years
Asphalt parking — seal coat3–5 years
Asphalt parking — overlay12–15 years
Asphalt parking — reconstruction25–30 years
Concrete sidewalks and curbs30–50 years
Site lighting (poles, fixtures)20–30 years
Wood fencing15–25 years
Pool plaster10–15 years
Pool pump and filter7–10 years
HVAC rooftop unit15–20 years
Boiler25–30 years
Commercial water heater10–15 years
Fire alarm panel20–25 years
Elevator cab finishes15–20 years
Elevator modernization25–30 years
Carpet, clubhouse7–10 years
Playground equipment10–15 years

Ranges synthesized from common professional reserve-study references and U.S. building-component literature. Verify against a study performed by a credentialed reserve specialist (RS, PRA, or equivalent) before relying on any figure for funding decisions.

Related tools
  • Reserve Health Check → Free. Inputs reserve balance, annual contribution, building age, and components; returns a grade with the math shown. No signup required to view results.
Institutional Reference

Meeting requirements in Oregon

Statutory floors for owner and board meetings — notice periods, delivery rules, quorum, voting, written consent, and record retention. Generic reference. Specific bylaws or declarations may impose tighter requirements; statutes set the minimum.

Oregon statute does not currently encode specific board or owner meeting notice periods in the corpus. The discipline still applies. Industry standard is below.

  • Provide at least 10 days advance notice for board meetings.
  • Provide 14–30 days advance notice for annual or special owner meetings.
  • Hold at least one annual meeting of the membership each year.
  • Keep all board meetings open to owners in good standing; reserve executive session for narrow purposes.
  • Define a quorum threshold in the bylaws and apply it consistently.

CommunityPay maintains a Board Meeting Packet generator that produces a state-aware agenda, draft minutes template, and compliance checklist for the board pack.

How meeting notice must be delivered, what it must contain, and what defects invalidate the notice. Statutes vary in mechanics; the principles are consistent.

  1. Delivery method First-class mail or hand-delivery to the address on file with the association is the universal default. Most states permit electronic delivery only with the owner's written consent. A posted notice on a community bulletin board is not, by itself, sufficient.
  2. Address on file The association is entitled to rely on the address each owner has provided. The owner bears the burden of keeping it current. The board must maintain a registered address list.
  3. Required content Date, time, location (or remote-access link), and an agenda. Material to be voted on — budget, special assessments, rule changes — must be identified specifically. "Other business" is not a substitute for an item.
  4. Notice period start The notice period typically runs from the date of mailing or hand-delivery, not the date of receipt. Some states count both the notice date and the meeting date; others exclude one or both. Confirm the rule.
  5. Remote participation When the association offers remote attendance, the notice must include the access information and any limitations (e.g., audio-only, no chat). Recording rules vary by state.
  6. Defective notice consequences Material defects invalidate actions taken at the meeting. Minor defects (typo in location, slightly late mailing) may be cured by attendance and waiver. Document the cure in the minutes.
  7. Emergency notice Statutes typically permit shortened notice for genuine emergencies (imminent physical harm, immediate financial loss). The board must document the emergency basis in the minutes.

Full notice requirements appear in ORS 100.480 and the specific subsections cited in the Requirements tab.

Quorum sets the floor for a valid meeting. Voting mechanics — proxies, ballots, written consent — determine how votes are counted once the quorum is established.

Quorum

Defined in the declaration or bylaws. When silent, statutory defaults apply — typically 20–25% of allocated interests for owner meetings. Quorum is measured at the start; once established it persists even if attendance drops below the threshold.

Proxies

Most states permit proxies for owner meetings. The proxy must be written, dated, and signed; many states require revocation rights and an explicit scope (general or limited). Proxies do not extend to board meetings — directors must vote in person or by permitted remote means.

Written consent

Action without a meeting requires unanimous written consent in most jurisdictions, though some states permit a lower threshold for narrow categories (uncontested matters, ratification). Document the consent in the corporate records, indexed to the action taken.

Ballots

Secret-ballot procedures, double-envelope requirements, and inspector-of-elections rules apply in states with comprehensive election statutes. Director elections, recall votes, and assessment increases above a statutory threshold typically require secret-ballot procedure.

Cumulative voting

Available only when explicitly authorized by the declaration or bylaws. Otherwise straight voting applies — each membership casts one vote per open seat per candidate, with no concentration permitted.

Member in good standing

Voting rights may be suspended for delinquent accounts in some jurisdictions. Suspension typically requires due-process notice and an opportunity to cure. Statutes vary; the bylaws must align.

Voting and quorum procedures are codified in ORS 100.480 and applicable subsections. Specific procedures may be modified in the declaration and bylaws within statutory limits.

Minutes are the corporate record of the meeting. Statutes in every state require associations to maintain meeting minutes and make them available to owners on request. Retention periods and access rules vary.

  1. What minutes must contain Date, time, location. Directors and officers present. Quorum determination. Motions made, seconded, and the vote count. Substantive board actions and adopted resolutions. Executive-session minutes kept separately; the open-session minutes record only that a closed session occurred.
  2. Retention period Statutes vary; common floors are seven years for financial records and the life of the association for governance records. Permanent retention is the safer practice. Reserve studies, declarations, amendments, and assessments — permanent.
  3. Owner inspection rights Owners have a statutory right to inspect minutes and association records on written request. The association may charge reasonable copy fees and require inspection during normal business hours at a designated location.
  4. Approval process Draft minutes are circulated to the board, corrected, and approved at the next regular meeting. Approved minutes become the official record. Corrections after approval require a noted amendment, not silent edits.
  5. Permanent records Declaration, bylaws, articles of incorporation, rule books, amendments, and the minute book are permanent records. The association cannot dispose of them on any retention schedule.
  6. Resale disclosure Recent board and owner meeting minutes are typically required attachments to a resale certificate. The standard window is the last 12 months; some statutes extend to 24 months for amendments.
  7. Executive session Closed-session minutes record matters discussed but typically remain confidential from the general membership. Specific votes taken in closed session may need to be reported in the open-session minutes.

Records retention and inspection rights are codified in ORS 100.480 and related subsections. A records-request response that misses the statutory deadline may expose the association to a per-day penalty.

Related tools
Institutional Reference

Insurance & risk requirements in Oregon

Statutory floors plus the Fannie Mae 1076 and Freddie Mac 476 condo questionnaire fields lenders verify before closing. Generic reference. Specific declarations or bylaws may impose tighter requirements; statutes set the minimum.

Fannie Mae lender requirement
Hazard / property coverage
100% of replacement cost value, project improvements + common elements + residential structures
Fannie Mae B7-3-03
Comprehensive general liability
$1000000 minimum per single occurrence, bodily injury and property damage on common elements
Fannie Mae B7-4-01
  • Replacement cost basis — policy must pay to rebuild without depreciation deduction.
  • Agreed-amount endorsement — waives the coinsurance penalty when coverage is set to a stated replacement cost.
  • Inflation guard endorsement — annual escalation to keep coverage at current rebuild cost.
  • Building ordinance or law endorsement — covers the cost gap when current building codes require upgrades during a rebuild.

Statutory citation: ORS 100.480.

Fannie Mae lender requirement
Fidelity / crime bond minimum
3 months of aggregate assessments on all units
Fannie Mae B7-4-02

The fidelity / crime policy protects association funds from dishonest or fraudulent acts by anyone handling or responsible for those funds — directors, officers, employees, and the management agent. The HOA or co-op corporation must be the named insured, with premiums paid as a common expense.

  • Named covered parties — board, officers, employees, and the management company (when one is engaged).
  • Computation basis — months of assessments plus reserve balance, or a percentage of the operating budget, depending on the governing statute.
  • Annual renewal — coverage lapses are a common audit finding and trigger lender disqualification.

Statutory citation: ORS 100.480.

Fannie Mae lender requirement
Deductible cap
5% maximum of master policy coverage amount, aggregated across per-peril deductibles
Fannie Mae B7-3-03

Higher deductibles disqualify the project from conforming mortgage originations on every unit. State statutes sometimes codify a tighter cap or require board approval before deductible changes.

Flood insurance is required when any portion of the project sits inside a FEMA-designated Special Flood Hazard Area (SFHA). Coverage must equal the lesser of the building replacement cost or the National Flood Insurance Program (NFIP) maximum, with the balance covered by an excess flood policy.

Statutory citation: ORS 100.480.

Beyond the master property policy, lenders require several distinct coverages and endorsements. Each addresses a specific risk category the master policy alone does not handle.

  • Directors & officers (D&O) liability — defends board members against claims arising from governance decisions. Often required by lenders even when not codified by statute.
  • Umbrella / excess liability — extends primary liability limits, typically by $1M to $5M, to cover catastrophic claims.
  • Workers’ compensation — required when the association directly employs maintenance or management staff.
  • Earthquake / windstorm — peril-specific policies in seismic and coastal zones. Lender requirement depends on territory.
  • Environmental / pollution — applies when the association operates pools, fuel storage, or other regulated facilities.

Statutory citation: ORS 100.480.

Statutory Obligations — Oregon 9 obligations across 4 categories
OR
Under Oregon community association law, this condominium is bound by the obligations below. Each item is pinned to the underlying statute. Click any citation to read the source.
Financial 1
Financial statements, audits, banking, fund segregation.
  • Oregon condominium: CPA review when annual assessments exceed $75,000
    The condominium threshold and clock match the planned-community ones at ORS 94.670 (5): over $75,000 in annual assessments, an independent Oregon-licensed CPA review within 300 days of fiscal year-end.
     ORS 100.480(5)
Assessment 1
Assessment levy, billing, collection, late fees.
  • Oregon condominium: Grantee jointly and severally liable for the grantor's unpaid assessments
    The condominium exposure matches the planned-community one at ORS 94.712 (2)(a): the buyer takes the seller's unpaid assessments with the unit unless a written statement cuts them off.
     ORS 100.475(3)(a)
Reserves 1
Reserve studies, reserve funding, capital planning.
  • Condominium board must annually determine reserve account requirements
    Oregon condominium boards must determine reserve account requirements every year — either by commissioning a fresh reserve study or by reviewing and updating the existing one. There is no statutory N-year professional or visual inspection cadence; the cadence is annual.
     ORS 100.175(3)(a)
Disclosure 6
Owner disclosures, resale certificates, public records.
  • Oregon condominium: Written statement of unpaid assessments for the benefit of a prospective purchaser, and the estoppel it creates
    This is the Oregon condominium resale statement — word for word the planned-community provision at ORS 94.712 (2)(b), with 'unit' for 'lot'. It carries the estoppel, states no deadline, and authorizes no fee.
     ORS 100.475(3)(b)
  • Oregon condominium: Escrow agent and title insurer may rely on the written statement of unpaid assessments
    The condominium reliance right attaches to the subsection (3)(b) statement, not to the ORS 100.480 (8)(a) owner statement.
     ORS 100.475(4)
  • Oregon condominium: Declaration, bylaws, plat, and rules maintained for duplication
    The condominium document-maintenance list at ORS 100.480 (10) mirrors ORS 94.670 (10): governing documents, most recent annual financial statement, current operating budget, the ORS 100.175 reserve study, and architectural standards.
     ORS 100.480(10)(a)
  • Oregon condominium: 10-business-day furnishing duty for maintained documents
    After a written request from a unit owner, the condominium association has 10 business days to deliver the subsection (10) documents. As in the planned-community act, the duty runs to the owner, not to a purchaser, escrow agent, or title company.
     ORS 100.480(11)
  • Oregon condominium: Annual financial statement — balance sheet and income/expenses
    A condominium association must prepare an annual financial statement — balance sheet plus income and expenses — within 90 days after fiscal year-end, and distribute a copy to each unit owner.
     ORS 100.480(4)(a)
  • Oregon condominium: Written statement of unpaid assessments on owner request (10 business days)
    The condominium assessment statement is the exact text of the planned-community one at ORS 94.670 (8)(a), including the same 10-business-day deadline and the same exemption at (8)(b) while the association has a complaint pending against the owner.
     ORS 100.480(8)(a)
None of these obligations are confirmed for TIMBERLAND FALLS CONDOMINIUMS OWNERS' ASSOCIATION as a community that uses CommunityPay. Keep this association's books on CommunityPay to track obligation compliance from a live ledger with audit-grade enforcement.
Source: Oregon legal corpus. Last verified Sept. 5, 2026. CommunityPay maintains the corpus and re-verifies on a rolling cadence.
Reserve Study Deadline — Oregon Annual
Oregon Condominium Act (ORS 100.175(3)(a)) requires the board to annually determine reserve account requirements by conducting a reserve study or reviewing and updating an existing study.
Statutory cadence Annual
Authority ORS 100.175(3)(a)
Next required The cadence runs from the most-recent completed reserve study, which is not a public record. CommunityPay does not estimate a date for this association.
Keep this association's books on CommunityPay to track reserve study compliance and generate a Reserve Funding Status Report (RSR) from a live ledger.
Risk Profile — CARI Score Preview 5 weighted components · Verified score requires consent
Preview
CARI — the Community Association Risk Index — is CommunityPay's deterministic risk score for community associations. Lenders, insurers, title companies, and buyers consume it through an authenticated API. The score is computed from five weighted components and is consent-gated: the association controls whether subscribers can see it.
Financial Health 30% weight
Reserve adequacy, delinquency rate, operating ratio, fund segregation. Measured against state statutory thresholds.
Governance 25% weight
Board attestation currency, meeting compliance, policy violations, governance risk coefficient.
Vendor Risk 15% weight
Vendor compliance signals — license, insurance, bond status, payment velocity, dispute rate.
Enforcement Integrity 15% weight
Block rate, override rate, SLA breaches in the enforcement decision ledger. The audit-trail layer.
Payment Behavior 15% weight
Prevented loss, dispute rate, collection efficiency, payment-method risk.
No verified CARI score is published for Oregon community TIMBERLAND FALLS CONDOMINIUMS OWNERS' ASSOCIATION. Keep this association's books on CommunityPay to publish a verified CARI score that lenders, insurers, title companies, and buyers can consume through an authenticated API.
Mortgage Warrantability — Fannie Mae 1076 / Freddie Mac 476 8 sections lenders require
Condo
Every condo mortgage closing requires the lender to underwrite the project itself, not just the unit. The Fannie Mae 1076 (Full Project Review) and Freddie Mac 476 (Project Review) ask for the eight sections below. The association's manager or board answers them for each loan. In CommunityPay, the financial answers come from the association's ledger.
Project information Not verified
Number of units, occupancy ratio, commercial space %, completion status, project type.
Annual operating budget Not verified
Current year budget, line-item revenue and expenses, contingency provisions.
Assessment delinquency Not verified
Owners more than 60 days delinquent, total delinquent assessments, percentage of total billed.
Reserve fund status Not verified
Current reserve balance, percent funded, recent reserve study, contributions to reserves.
Insurance coverage Not verified
Master policy, fidelity bond, D&O coverage, flood (if applicable), agent and carrier details.
Governance Not verified
Board composition, FHA/VA certification, attestation currency, ongoing litigation indicator.
Special assessments Not verified
Approved or pending special assessments, payment terms, purpose, total amount.
Required disclosures Not verified
Litigation, code violations, structural defects, deferred maintenance, environmental issues.
None of these sections are verified for TIMBERLAND FALLS CONDOMINIUMS OWNERS' ASSOCIATION. Keep this association's books on CommunityPay to publish a complete Fannie 1076 / Freddie 476 questionnaire from live ledger data.
Compliance Calendar — Next 12 Months 2 deadlines
Annual member meeting Jan 31, 2027 · 102 days
MEDIUM ORS 100.408
Annual meeting required by statute.
Federal Form 1120-H or 1120 — annual return Apr 15, 2027 · 176 days
High IRC §528
Failure to file timely incurs IRS penalties and interest.
Source: Oregon statute and federal tax law. Dates are conservative estimates based on common fiscal-year alignment; actual deadlines depend on the association's bylaws and fiscal year.
Lien Priority — Oregon No HOA super-priority over first mortgage
Oregon does not grant HOA assessment liens super-priority over a first mortgage. The HOA assessment lien sits subordinate to the mortgage; recording date controls relative priority among junior liens.
1.
Federal tax lien (IRS)
Federal tax liens are senior to all subsequent recorded liens.
26 U.S.C. §6321
2.
Property tax lien
Property tax liens are senior to subsequent encumbrances.
ORS 311.405
3.
First mortgage / trust deed
Oregon does not grant HOA assessment liens super-priority over a first mortgage.
ORS 86.770
4.
HOA assessment lien
Subordinate to first mortgage; priority by recording date among junior liens.
ORS 100.450
5.
Junior mortgage / mechanic's liens / judgment liens
Priority by recording date.
Source: Oregon statutes and case law. CommunityPay maintains the corpus and re-verifies on a rolling cadence.
Records This Community Should Have — Oregon 7 record categories required by statute
Under Oregon community association law, the records below must be created and retained. Failure to produce these on owner request, audit, or litigation creates liability and erodes the board's defensibility. None are confirmed for this community as an association that uses CommunityPay.
Governance 3
  • Governing documents — CC&Rs, Bylaws, Articles of Incorporation
    The foundational documents that establish the association and its powers. Required as a permanent record.
    Retention: permanent
    ORS 100.480
  • Meeting minutes — board and member meetings
    Official record of board votes, decisions, and member actions.
    Retention: permanent
    ORS 100.480
  • Owner roster
    Current owner records and notice addresses.
    Retention: current
    ORS 100.480
Financial 4
  • Annual financial statements
    Income statement, balance sheet, statement of cash flows for each fiscal year.
    Retention: 7 years recommended
    ORS 100.480
  • Reserve study
    Most recent reserve study.
    Retention: most recent + history
    ORS 100.175
  • Tax returns
    Federal association tax returns.
    Retention: 7 years
    IRC §6501
  • Tax returns
    Federal and state association tax returns.
    Retention: 7 years
    IRC §6501 + state retention norms
Keep this association's books on CommunityPay to create, store, and produce these records on demand from a live ledger.
Registration Details Condominium · Est. 2007 · Active
Type Condominium
Governing Statute ORS 100 (Condominium Act)
State Oregon
City Portland
ZIP 97239
County Multnomah
Registration Oregon Secretary of State · 42314690
Formed March 23, 2007
Status Active
Area HOA Fees Multnomah County median $448/mo
Median Monthly Fee $448
Average Monthly Fee $506
Typical Range $307 – $637
Units Paying Fees 17,631
Source: U.S. Census Bureau, American Community Survey 2023 5-Year Estimates (PUMS). Multnomah County, OR.
Natural Hazard Exposure Multnomah County
Relatively High
Earthquake Relatively High
Landslide Relatively Moderate
Heat Wave Relatively High
Inland Flooding Relatively High
Volcanic Activity Relatively Moderate
Social Vulnerability Relatively Low
Community Resilience Very High
Expected Annual Loss $440,430,645
Source: FEMA National Risk Index v1.20, Multnomah County, OR
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Applicable Laws 11 Oregon statutes
Reserve account for maintaining, repairing and replacing common elements Oregon Condominium Act reserve account and reserve study requirements. The board of directors of the association must annually determine the reserve account requirements by conducting a reserve study or reviewing and updating an existing study. There is no statutory professional or visual inspection requirement and no fixed N-year cadence — the cadence is annual.
Association of unit owners Requires every Oregon condominium to organize an association of unit owners. Enumerates association powers and dispute-resolution procedures. The condominium analog to ORS 94.625 / 94.630.
Quorum for meeting of association Establishes the quorum rule for Oregon condominium association meetings. Unless the bylaws specify otherwise, a quorum consists of persons entitled to cast twenty percent of the voting rights. If quorum cannot be organized at a properly noticed meeting, those present may adjourn and reconvene with a reduced quorum requirement — either half the bylaws' requirement or twenty percent of votes …
Adoption of bylaws Governs adoption and amendment of condominium association bylaws. The declarant adopts initial bylaws (subject to Real Estate Commissioner approval) and records them with the declaration. Amendments require a majority of unit-owner votes unless the bylaws specify a higher threshold; amendments to residential condo bylaws addressing age restrictions, pet policy, occupancy, or rental restrictions require at least 75 percent owner approval. …
Board meetings Governs board-of-directors meetings for Oregon condominium associations. Establishes when the board may meet in executive session and the open-meeting requirement for non-executive items. Open-meeting law for condominium boards.
Association lien against individual unit Creates the condominium association lien against any unit for unpaid assessments. Establishes recording, foreclosure, and priority. The condominium parallel to ORS 94.709.
Personal liability for assessment Oregon Condominium Act conveyance-liability statute — the condominium twin of ORS 94.712, in substantially identical words. The grantee of a unit is jointly and severally liable with the grantor for unpaid assessments (3)(a); the board must make and deliver a written statement of unpaid assessments on request of an owner or the owner's agent for the benefit of a prospective …
Maintaining documents and records Oregon Condominium Act records-management statute — the condominium counterpart of ORS 94.670, and structurally identical to it. An association of unit owners must retain records, deposit assessments in association accounts, prepare an annual financial statement within 90 days of fiscal year-end (4), obtain an independent CPA review when annual assessments exceed $75,000 (5), furnish a written statement of unpaid assessments …
Form of seller’s property disclosure statement Oregon general seller property-disclosure statute. Sets out the mandatory form of the seller's property disclosure statement used in residential transactions statewide; applies to all OR residential sales separately from any HOA or condo association disclosure. The 5-business-day buyer rescission right tied to this form lives at ORS 105.475. No per-subsection facts seeded here yet; verbatim form-text backfill is a Phase …
Certain indemnification provisions in construction agreement void Voids broad-form indemnification clauses in construction agreements that require one party (or its insurer or surety) to indemnify another for damage caused in whole or in part by the indemnitee's own negligence. Subsection (1) is the prohibition; subsection (2) preserves a narrower category of indemnity for damage caused solely by the indemnitor. Interpreted in Montara Owners Ass'n v. La Noue …
Short title Establishes that ORS Chapter 62 may be cited as the Oregon Cooperative Corporation Act. Originally enacted in 1957, this is the citation anchor for the Oregon cooperative-corporation framework — which governs housing cooperatives that operate as an alternative to condominium and planned-community structures. Relevant in Oregon because cooperative housing associations fall under this chapter rather than under ORS 94 (planned …
Source: Oregon state legislature. Statutes verified by CommunityPay. Last verified Sept. 2026.
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  • Estoppel disclosures from the books Title-company and lender-ready packages from live ledger data.
  • Auditable ledger Every financial decision logged and traceable. Board turnover doesn't erase memory.
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Community data is sourced from Oregon Secretary of State public registrations. Natural hazard data is from the FEMA National Risk Index (county-level, v1.20). CommunityPay does not claim a relationship with TIMBERLAND FALLS CONDOMINIUMS OWNERS' ASSOCIATION unless explicitly stated.
United States Payments and Accounting Governance Infrastructure for Community Associations

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