357655 - Laserfiche WebLink

Home Browse Search

The Oregon Annotated Statutes is current through the 81st Legislative Assembly and its 1st Special Session, 2021. Some sections may have multiple versions due to amendments by multiple acts. Revision and codification by the Legislative Counsel are updated as available; see ORS 173.111 et seq. For sections pending codification by the Legislative Counsel, see New Sections Added by Recent Legislation in the Table of Contents. LexisNexis®OregonAnnotatedStatutes Title10PropertyRightsandTransactions(Chs.90105) Chapter100-Condominiums(§§100.005100.990) GeneralProvisions(§§100.005100.025) ƭƬƬŗƬƬƱ&XZŗ As used in this chapter, unless the context requires otherwise: (1) means, with respect to a signature on a document or a signed document, that the document is acknowledged in the form and manner provided for the acknowledgment of a deed. (2) means any charge imposed or levied by the association of unit owners on or against a unit owner or unit pursuant to provisions of the declaration or the bylaws of the condominium or provisions of this chapter. (3) of unit or means the association provided for under ORS 100.405. (4) means any real property or interest in real property acquired, held or possessed by the association provided for under ORS 100.405. (5) means a trust deed or mortgage or any other lien or encumbrance, m lien or otherwise, securing or evidencing the payment of money and affecting more than one unit in a condominium, or an agreement affecting more than one such unit by which the developer holds such condominium under an option, contract to sell or trust agreement. (6) means a multiple-unit building or single-unit buildings, or any combination thereof, comprising a part of the property. also includes a floating structure described in ORS 100.020 (3)(b)(D). (7) by the or uted by the means signed by the secretary and the president or chairperson of the association. (8) means the Real Estate Commissioner. (9) means the general common elements and the limited common elements. (10) means: (a) Expenses of administration, maintenance, repair or replacement of the common elements; and (b) Expenses declared common by this chapter or by the declaration or the bylaws of the particular condominium. (11) means: (a) With respect to property located within this state: (A) The land, if any, whether fee simple, leasehold, easement or other interest or combination thereof, and whether contiguous or noncontiguous; (B) Any buildings, improvements and structures on the property; and (C) Any easements, rights and appurtenances belonging to the property submitted to the condominium form of ownership under this chapter; and (b) With respect to property located outside this state, the property that has been committed to the condominium form of ownership in accordance with the jurisdiction within which the property is located.