94.004 [Formerly 91.500; 1983 c.530 §48; 1987 c.459 §1; 1989 c.595 §1; renumbered 100.005 in 1989]renumbered
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Oregon Revised Statutes
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A city or county may enter into a development agreement as provided in ORS 94.504 to 94.528 with any person having a legal or equitable interest in real property for the development of that property. A development agreement shall specify: The duration of the agreement; The permitted uses of the property; The density or intensity of use; The maximum heig…
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A development agreement shall not be approved by the governing body of a city or county unless the governing body finds that the agreement is consistent with local regulations then in place for the city or county. The governing body of a city or county shall approve a development agreement or amend a development agreement by adoption of an ordinance declari…
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A city or county may, by ordinance, establish procedures and requirements for the consideration of development agreements upon application by, or on behalf of, the owner of property on which development is sought or another person having a legal or equitable interest in that property. Approval of a development agreement requires compliance with local regula…
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Unless otherwise provided by the development agreement, the comprehensive plan, zoning ordinances and other rules and policies of the jurisdiction governing permitted uses of land, density and design applicable to the development of the property subject to a development agreement shall be the comprehensive plan and those ordinances, rules and policies of the…
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A development agreement may be amended or canceled by mutual consent of the parties to the agreement or their successors in interest. The governing body of a city or county shall amend or cancel a development agreement by adoption of an ordinance declaring cancellation of the agreement or setting forth the amendments to the agreement. Until a development ag…
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Not later than 10 days after the execution of a development agreement under ORS 94.504 to 94.528, the governing body of the city or county shall cause the development agreement to be presented for recording in the office of the county clerk of the county in which the property subject to the agreement is situated. In addition to other provisions required by O…
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The governing body of a city or county is authorized to recognize a severable development interest in real property. The governing body of the city or county may establish a system for the purchase and sale of development interests. The interest transferred shall be known as a transferable development credit. A transferable development credit shall include t…
The Legislative Assembly finds that: Working farms and forests make vital contributions to Oregon by: Providing jobs, timber, agricultural products, tax base and other social and economic benefits; Helping to maintain soil, air and water resources; Reducing levels of carbon dioxide in the atmosphere; and Providing habitat for wildlife and aquatic life. …
As used in this section and ORS 94.538: “Conservation easement” has the meaning given that term in ORS 271.715. “Governmental unit” means a city, county, metropolitan service district or state agency as defined in ORS 171.133. “Holder” has the meaning given that term in ORS 271.715. “Lot” has the meaning given that term in ORS 92.010. “Parcel” has the m…
One or more governmental units may establish a transferable development credit system, including a process for allowing transfer of development interests from a sending area within the jurisdiction of one governmental unit to a receiving area within the jurisdiction of another governmental unit. If the transferable development credit system allows transfer …
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As used in ORS 94.550 to 94.783: “Assessment” means any charge imposed or levied by a homeowners association on or against an owner or lot pursuant to the provisions of the declaration or the bylaws of the planned community or provisions of ORS 94.550 to 94.783. “Blanket encumbrance” means a trust deed or mortgage or any other lien or encumbrance, mechanic…
The Legislative Assembly finds that: In the State of Oregon there are hundreds of homeowners associations to which the Oregon Condominium Law (ORS chapter 100) does not apply. These homeowners associations have established a pattern of ownership in which ownership of a single unit makes the owner automatically a member of a homeowners association with resp…
Except as provided in ORS 94.570, a person may not create a planned community in this state except as provided in ORS 94.550 to 94.783. A person may not convey any lot or unit in a planned community until the planned community is created by the recording of the declaration for the planned community with the county recording officer of each county in which t…
ORS 94.550 to 94.783 apply to a planned community created before January 1, 2002, under ORS 94.550 to 94.783 and to a Class I planned community created on or after January 1, 2002. ORS 94.550 to 94.783, except for ORS 94.595 and 94.604, apply to a Class II planned community created on or after January 1, 2002. Notwithstanding any other provision of ORS 94.…
A Class I or Class II planned community created before January 1, 2002, that was not created under ORS 94.550 to 94.783 is subject to this section and ORS 94.550, 94.573, 94.574, 94.576, 94.577, 94.590, 94.595 (5) to (9), 94.625, 94.626, 94.630 (1), (3) and (4), 94.639, 94.640, 94.641, 94.642, 94.644, 94.645, 94.647, 94.650, 94.652, 94.655, 94.657, 94.658, 9…
The owners in a Class I or Class II planned community created before January 1, 2002, that was not created under ORS 94.550 to 94.783 may amend any provision of the planned community’s governing documents to conform with this section and ORS 94.550, 94.572, 94.574, 94.576, 94.590, 94.595 (5) to (9), 94.625, 94.626, 94.630 (1), (3) and (4), 94.639, 94.640, 94…
If the governing documents of a Class I or Class II planned community created before January 1, 2002, that was not created under ORS 94.550 to 94.783 do not provide for the formation of a homeowners association, at least 10 percent of the owners in the planned community or any governing entity of the planned community may initiate the formation of an associa…
ORS 92.010 to 92.192 apply to a planned community established under ORS 94.550 to 94.783.
The owners in a Class I or Class II planned community that is subject to the statutory provisions listed in ORS 94.572 (1) may elect to be subject to any other provisions of ORS 94.550 to 94.783 upon compliance with the applicable procedures prescribed in ORS 94.572, 94.573 or 94.574. If the owners in a Class I or Class II planned community elect to be subj…
An amended governing document must include a reference to the recording index numbers and the date of recording of prior governing documents. The county clerk may charge a fee for recording a governing document or an amendment to a governing document under ORS 94.572, 94.573, 94.574 or 94.576 according to the provisions of ORS 205.320 (1)(d). Title to a un…
A declarant shall record, in accordance with ORS 94.565, the declaration for a planned community in the office of the recording officer of each county in which the planned community is located. The declaration shall include: The name and classification of the planned community; The name of the association and the type of entity formed in accordance with O…
A declarant may amend the declaration or initial bylaws in order to comply with requirements of the Federal Housing Administration, the United States Department of Veterans Affairs, Rural Development or the Farm Service Agency of the United States Department of Agriculture, the Federal National Mortgage Association, the Government National Mortgage Associati…
The declaration may be amended only with the approval of owners representing at least 75 percent of the total votes in the planned community or any larger percentage specified in the declaration. An amendment under this section may not: Limit or diminish any right of a declarant reserved under ORS 94.580 (3) or (4) or any other special declarant right with…
The declarant, on behalf of a homeowners association, shall: Conduct an initial reserve study as described in subsection (3) of this section; Prepare an initial maintenance plan as described in subsection (4) of this section; and Establish a reserve account as provided in subsection (2) of this section. A homeowners association shall establish a reserve …
Subject to ORS 94.604 to 94.621, a declaration may reserve special declarant rights including, without limitation, the right to a period of declarant control that may be of limited or unlimited duration. A formal or written proxy or power of attorney is not required from an owner to vest the declarant with such authority. A declarant may voluntarily relinqu…
As provided in this section, the declarant or the owners of a planned community that contains at least 20 lots in either the initial development or with the annexation of additional property shall form a transitional advisory committee to provide for the transition from administrative responsibility by the declarant of the planned community under ORS 94.600 …
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At the time specified in the declaration, but not later than 90 days after expiration of any period of declarant control reserved under ORS 94.600, or 90 days after conveying 10 lots in the planned community if there is not a period of declarant control, the declarant shall call a meeting for the purpose of turning over administrative responsibility for the …
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At the meeting called under ORS 94.609, the declarant shall turn over to the homeowners association the responsibility for the administration of the planned community, and the association shall accept the administrative responsibility from the declarant. If a quorum of the owners is present, the owners shall elect not fewer than the number of directors suff…
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If a declarant has not completed development of lots or common property in a planned community at the time of the meeting called under ORS 94.609, the declarant may continue to hold the special declarant rights, other than a right of declarant control, reserved under the declaration.
As used in this section, “affiliate” means any person who controls a transferor or successor declarant, is controlled by a transferor or successor declarant or is under common control with a transferor or successor declarant. A person controls or is controlled by a transferor or successor declarant if the person: Is a general partner, officer, director or …
Except as otherwise provided in subsections (2) and (3) of this section, a developer, vendor under a land sale contract, mortgagee of a mortgage or beneficiary of a trust deed affecting the declarant’s interest in the property shall acquire all special declarant rights of the transferor upon transfer by the declarant or prior successor declarant of all of su…
Except as provided in subsection (2) of this section, not later than the date on which the first lot in the planned community is conveyed, the declarant shall: Organize the homeowners association as a nonprofit corporation under ORS chapter 65; Adopt, on behalf of the association, the initial bylaws required under ORS 94.635 to govern the administration of…
If a homeowners association is at any time dissolved, whether inadvertently or deliberately: The association automatically continues as an unincorporated association under the same name. The unincorporated association: Has all the property, powers and obligations of the incorporated association existing immediately prior to dissolution; Shall be governed…
Subject to subsection (2) of this section and ORS 94.762, 94.763, 94.776, 94.778 and 94.779, and except as otherwise provided in its declaration or bylaws, a homeowners association may: Adopt and amend bylaws, rules and regulations for the planned community; Adopt and amend budgets for revenues, expenditures and reserves, and collect assessments from owner…
The bylaws of an association adopted under ORS 94.625, or amended or adopted under ORS 94.630, shall provide for the following: The organization of the association of owners in accordance with ORS 94.625 and 94.630, including when the initial meeting shall be held and the method of calling that meeting. If a Class I planned community, the formation of a tr…
Each member of the board of directors must be an individual and, except as provided in subsections (2) and (3) of this section, an owner or co-owner of a lot in the planned community. A director appointed by a declarant under ORS 94.600 need not be an owner or co-owner of a lot in the planned community. Except as otherwise provided in the bylaws, prior to …
The board of directors of an association may act on behalf of the association except as limited by the declaration and the bylaws. In the performance of their duties, officers and members of the board of directors are governed by this section and the applicable provisions of ORS 65.357, 65.361, 65.367, 65.369 and 65.377, whether or not the association is inc…
A director of a homeowners association who is present at a meeting of the board of directors at which action is taken on any association matter is presumed to have assented to the action unless the director votes against the action or abstains from voting on the action because the director claims a conflict of interest. When action is taken on any matter at…
Subject to subsection (2) of this section, if a homeowners association fails to fill vacancies on the board of directors sufficient to constitute a quorum in accordance with the bylaws, an owner or a first mortgagee may request the circuit court of the county in which the planned community is located to appoint a receiver to manage the affairs of the associa…
Except as provided in subsection (2) of this section, all meetings of the board of directors of an association are open to owners’ attendance. An owner does not have any right to participate in a meeting except as may be provided by the governing documents or by the board. The board may close the meeting to owners and meet in an executive session to: Consu…
The board of directors at least annually shall adopt a budget for the planned community. The budget shall include moneys to be allocated to the reserve account under ORS 94.595. Within 30 days after adopting the annual budget for the planned community, the board of directors shall provide a summary of the budget to all owners. If the board fails to adopt …
Unless prohibited or limited by the declaration or bylaws, any action that may be taken at any annual, regular or special meeting of the homeowners association may be taken without a meeting if the association delivers a written ballot to every association member that is entitled to vote on the matter. Action by written ballot may not substitute for the foll…
The homeowners association shall conduct at least one meeting of the owners each calendar year. Special meetings of the association may be called by the president of the board of directors, by a majority of the board of directors or by the president or secretary upon receipt of a written request of a percentage of owners specified in the bylaws of the assoc…
Subject to subsection (2) of this section and notwithstanding any requirement under the declaration or bylaws or ORS 94.550 to 94.783, in the discretion of the board of directors of the homeowners association, any notice, information or other written material required to be given to an owner or director under the declaration or bylaws or ORS 94.550 to 94.783…
Unless the declaration or bylaws of a homeowners association specify a greater percentage, a quorum for any meeting of the association consists of the number of persons who are entitled to cast 20 percent of the votes in a planned community. If any meeting of the association cannot be organized because of a lack of a quorum, the owners who are present, eith…
Unless other rules of order are required by the declaration or bylaws or by a resolution of the association or its board of directors, meetings of the association and the board of directors shall be conducted according to the latest edition of Robert’s Rules of Order published by the Robert’s Rules Association. A decision of the association or the board of …
Unless the declaration provides otherwise, each lot of a planned community shall be entitled to one vote. Unless the declaration or bylaws provide otherwise: An attorney-in-fact, executor, administrator, guardian, conservator or trustee may vote or grant consent with respect to a lot owned or held in a fiduciary capacity if the fiduciary satisfies the secr…
The vote or consent of a lot may be cast or given: In person at a meeting of the homeowners association. In the discretion of the board of directors, by absentee ballot in accordance with subsection (3) of this section. Unless the declaration or bylaws or ORS 94.550 to 94.783 provide otherwise, pursuant to a proxy in accordance with subsection (2) of this…
As used in this section, “electronic ballot” means a ballot given by: Electronic mail; Facsimile transmission; Posting on a website; or Other means of electronic communication acceptable to the board of directors. Unless the declaration or bylaws prohibit or provide for other methods of electronic ballots, the board of directors of a homeowners associat…
At least 10 days prior to instituting any litigation or administrative proceeding to recover damages under ORS 94.630 (1)(e)(E), the homeowners association shall provide written notice to each affected owner of the association’s intent to seek damages on behalf of the owner. The notice shall, at a minimum: Be mailed to the mailing address of each lot or to …
Except as otherwise provided in the declaration, a homeowners association may sell, transfer, convey or subject to a security interest any portion of the common property if 80 percent or more of the votes in the homeowners association, including 80 percent of the votes of lots not owned by a declarant at the time of the vote, are cast in favor of the action.…
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A homeowners association shall retain within this state the documents, information and records delivered to the association under ORS 94.616 and all other records of the association for not less than the period specified for the record in ORS 65.771 or any other applicable law except that: The documents specified in ORS 94.616 (3)(o), if received, must be r…
The requirements of ORS 94.670 (5) first apply: Commencing with the fiscal year following the turnover meeting required by ORS 94.616 for the association of a planned community created under ORS 94.550 to 94.783. Commencing with the fiscal year following the year in which owners assume responsibility for administration of a planned community described in O…
The homeowners association of a subdivision that received preliminary plat approval before July 1, 1982, shall comply with the provisions of ORS 94.640 (1), (3), (4) and (8), 94.644 and 94.670 if: An owner submits a written request to the homeowners association to comply with the provisions; The subdivision otherwise conforms to the description of a planne…
The board of directors of a homeowners association shall obtain and maintain: Insurance for all insurable improvements in the common property against loss or damage by fire or other hazards, including extended coverage, vandalism and malicious mischief. The insurance shall cover the full replacement costs of any repair or reconstruction in the event of dama…
If the declaration or bylaws of a planned community created under ORS 94.550 to 94.783 before September 27, 2007, or a planned community subject to ORS 94.572 do not assign the responsibility for payment of the amount of the deductible in an association insurance policy, the board of directors of the homeowners association may adopt a resolution that assigns…
Unless contrary to the covenants, conditions or restrictions of a recorded declaration or other similar instrument, or the bylaws of the association adopted in accordance with documents governing the association, the homeowners association board of directors of a subdivision described in ORS 94.673 (1) may elect to be governed by ORS 94.645, 94.655 and 94.67…
If a declaration or bylaws provide that the homeowners association has the sole authority to decide whether to repair or reconstruct a unit that has suffered damage or whether a unit must be repaired or reconstructed, the board of directors shall obtain blanket all-risk insurance for the full replacement cost of all structures in the planned community. Cost …
Unless provided in the declaration, the bylaws shall specify: The insurance an owner must obtain, if any; The insurance, if any, an individual owner is precluded from obtaining; The responsibility for payment of the amount of the deductible in an association insurance policy; and Whether or not the insurance coverage obtained and maintained by the board …
The board of directors of a homeowners association shall obtain, if reasonably available, terms in insurance policies under ORS 94.680 which provide a waiver of subrogation by the insurer as to any claims against the board of directors of the association, any owner or any guest of an owner.
A declaration for a planned community may delegate any of the powers of the homeowners association under ORS 94.630 to a master association or provide that the master association may exercise any such power.
Except as provided in subsection (2) of this section, if entered into prior to the meeting called under ORS 94.609, no management agreement, service contract or employment contract which is directly made by or on behalf of the association, the board of directors or the owners as a group shall be in excess of three years. Subject to paragraph (b) of this sub…
Subject to subsection (2) of this section, the declarant of a planned community shall pay all common expenses of the planned community until the individual lots subject to assessment are assessed for common expenses as specified in the declaration pursuant to ORS 94.580 (2). If the declaration expressly authorizes deferment, the declarant may defer payment …
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Whenever a homeowners association levies any assessment against a lot, the association shall have a lien upon the individual lot for any unpaid assessments. The lien includes interest, late charges, attorney fees, costs or other amounts imposed under the declaration or bylaws or other recorded governing document. The lien is prior to a homestead exemption an…
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Except as provided in subsection (4) of this section, an owner is personally liable for all assessments imposed on the owner or assessed against the owner’s lot by the homeowners association. Subject to paragraph (b) of this subsection, in a voluntary conveyance of a lot, the grantee shall be jointly and severally liable with the grantor for all unpaid asse…
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If a lien against two or more lots of the planned community becomes due, whether the lien is perfected before or after establishment of the planned community, the owner of an affected lot may pay the lienholder the portion of the lien attributable to the lot. Upon receipt of payment, the lienholder promptly shall deliver to the owner a release of the lien as…
In any suit or action brought by a homeowners association to foreclose its lien or to collect delinquent assessments or in any suit or action brought by the declarant, the association or any owner or class of owners to enforce compliance with the terms and provisions of ORS 94.550 to 94.783 or the declaration or bylaws, including all amendments and supplemen…
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If a first mortgagee acquires a lot in a planned community by foreclosure or deed in lieu of foreclosure, the mortgagee and subsequent purchaser shall not be liable for any of the common expenses chargeable to the lot which became due before the mortgagee or purchaser acquired title to the lot. The unpaid expenses shall become a common expense of all lot own…
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Each lot in a planned community constitutes for all purposes a separate parcel of real estate and shall be separately taxed and assessed. No separate tax or assessment may be levied against any common property which a declarant has reserved no right to develop into additional lots. The declarant alone is liable for payment of taxes or assessments on any po…
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Subject to ORS 94.665, each owner of a lot has an easement through the common property: For access to the owner’s lot; and For use of the common property consistent with the declaration and the bylaws. Except as provided in the declaration, a declarant has an easement through the common property as may be necessary for discharging the declarant’s obligati…
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If a declarant makes no commitment in the declaration to build an improvement or specifically states in the declaration that the declarant makes no commitment either to build or not to build the improvement, no person may display or deliver promotional material to prospective purchasers which describes or portrays the improvement unless the description or po…
The Legislative Assembly finds and declares that: The purpose of ORS 94.762 is to facilitate the installation of an electric vehicle charging station by an owner in a planned community for the owner’s personal residential use. Oregon courts have identified the following factors in determining whether personal property is a fixture: Whether the personal pr…
Notwithstanding contrary provisions of a declaration or bylaws of a planned community: An owner may submit an application to install an electric vehicle charging station for the personal, noncommercial use of the owner, in compliance with the requirements of this section, in a parking space, on a lot or in any other area subject to the exclusive use of the …
As used in this section, “pesticide” has the meaning given that term in ORS 634.006. A homeowners association must provide, upon an owner’s request, notice to the owner of: The dates and times that the association plans to apply a pesticide to the owner’s property; and The means by which the owner may exclude the owner’s property from the application of t…
Notwithstanding a contrary provision of a declaration or bylaws of a homeowners association, when a change to the declaration, bylaws or other governing document or another action to be taken by the board of directors, association or owners requires approval or consent of a mortgagee, if the mortgagee receives a request to approve or consent to the change or…
No operative statutory text appears at this designation in the selected edition.
The rule against perpetuities may not be applied to defeat any provision of the declaration, or any bylaws or rules adopted under ORS 94.630. In the event of a conflict between the declaration and the bylaws of a planned community or between the declaration and the articles of incorporation, the declaration shall prevail except to the extent the declaration…
Judicial partition by division of a lot in a planned community is not allowed under ORS 105.205, unless: The declaration expressly allows the division of lots in a planned community; or The lot may be divided under ORS 94.776. The lot may be partitioned by sale and division of the proceeds under ORS 105.245. The restriction specified in subsection (1) of…
A provision in a governing document that is adopted or amended on or after January 1, 2020, is void and unenforceable to the extent that the provision would prohibit or have the effect of unreasonably restricting the development of, or the dividing of lands under ORS 92.031 for, housing that is otherwise allowable under the maximum density of the zoning for …
Each owner and the declarant shall comply with the bylaws, and with the administrative rules and regulations adopted pursuant thereto, and with the covenants, conditions and restrictions in the declaration or in the deed to the lot. Failure to comply therewith shall be grounds for an action maintainable by the homeowners association or by an aggrieved owner.
Except as provided in subsection (3) of this section, a provision in a declaration or bylaws of a planned community that prohibits an owner of the roof or other exterior portion of a building or improvement on which solar panels may be installed from installing or using solar panels for obtaining solar access, as described in ORS 215.044 and 227.190, is void…
A provision of a planned community’s governing document or landscaping or architectural guidelines that imposes irrigation requirements on an owner or the association is void and unenforceable while any of the following is in effect: A declaration by the Governor that a severe, continuing drought exists or is likely to occur in a political subdivision withi…
Failure of the declarant, association, any association member or any other person subject to ORS 94.550 to 94.783 to comply with applicable sections of ORS 94.550 to 94.783 is cause for suit or action to remedy the violation or to recover actual damages. The prevailing party is entitled to reasonable attorney fees and court costs. Failure of an association …
If a subdivision received preliminary plat approval before July 1, 1982, but the subdivision plat or the plat of the first phase is not filed under ORS 92.120 before January 1, 1984, the provisions of ORS 94.595, 94.604, 94.609, 94.616, 94.700, 94.760 and 94.780 shall apply to the planned community.
ORS 94.550 to 94.783 may be cited as the Oregon Planned Community Act. TIMESHARE ESTATES (General Provisions)
As used in this section and ORS 94.807 to 94.945: “Agency” means the Real Estate Agency. “Accommodation” means an apartment, condominium unit, cabin, house, lodge, hotel or motel room or other private or commercial structure situated on real property and designed for residential occupancy. “Assessment” means the pro rata share assessed from time to time a…
No operative statutory text appears at this designation in the selected edition.
The Legislative Assembly finds and declares that there is a need to: Protect timeshare purchasers by requiring full and adequate disclosure of all pertinent facts about the timeshare plan; and Provide reasonable regulation of the timeshare industry while encouraging the growth and development of the industry in Oregon.
ORS 94.803, 94.806, 94.811 to 94.863 and 94.869 to 94.945 do not apply to: Any timeshare plan for which the developer has complied with the requirements of ORS 92.305 to 92.495 or 100.005 to 100.910 before July 28, 1983. Any timeshare plan for which the developer has complied with all applicable local regulations and has submitted a completed filing under …
For the purposes of ad valorem taxation, the managing entity responsible for managing the timeshare plan shall be considered the taxpayer, as agent for the owners of the timeshare property. All of the timeshare property within each timeshare plan shall be listed on the assessment roll by code area and account number as a single entry stating as one value th…
The real market value of timeshare property shall not include any nonreal property components of timeshares, which nonreal property components include, without limitation, tangible personal property, exchange rights, club memberships, vacation convenience services such as hotel-type services and the management structure of the timeshare plan, and that portio…
No operative statutory text appears at this designation in the selected edition.
The unit owners in a condominium subject to the Oregon Condominium Act and the owners in a planned community subject to the Oregon Planned Community Act may amend the declaration for the condominium or planned community to prohibit the creation of a timeshare plan involving any portion of the property of the condominium or planned community. Any amendment to…
Except as expressly modified by ORS 92.325, 92.425, 94.570, 94.803 to 94.945, 100.005, 100.105, 100.200, 100.450 and 696.490, a timeshare estate is an estate in real property and has the character and incidents of an estate in fee simple at common law or estate for years if a leasehold. A timeshare license is an estate for years having the character and inci…
No operative statutory text appears at this designation in the selected edition.
Except as otherwise provided in this section, no judicial action for partition of a timeshare property may be undertaken as long as the property remains subject to a timeshare plan. If any timeshare is owned by two or more persons as tenants in common, as tenants by the entirety or as tenants with rights of survivorship, nothing in this section shall prohib…
To submit property located within this state to the provisions of ORS 94.803 and 94.807 to 94.945, the developer shall record a timeshare instrument in the office of the recording officer of every county in which the timeshare property is located. To submit property located outside this state to the provisions of ORS 94.803 and 94.807 to 94.945, the develope…
No operative statutory text appears at this designation in the selected edition.
A timeshare instrument shall include: A legal description of the timeshare property; The name or other identification of the project; Identification of timeshare periods by letter, name, number or a combination of letters, names and numbers and a description of the timeshare; Identification of the accommodations; The method for determining the owner’s l…
A developer shall submit a notice to the Real Estate Commissioner informing the commissioner of the developer’s intent to sell timeshares in Oregon. The form and content of the notice shall be established by rule by the commissioner, but shall include at least: The name and business and residence addresses of: The developer; The developer’s agent; The de…
No operative statutory text appears at this designation in the selected edition.
A developer offering an exchange program to a purchaser in conjunction with a timeshare plan shall provide written information to the purchaser about the exchange program. The exchange program information to be provided to the purchaser shall be established by rule by the Real Estate Commissioner and shall include at least: The name and address of the exch…
After the Real Estate Commissioner receives a completed notice under ORS 94.823 the commissioner shall prepare a public report on the timeshare plan. In lieu of preparing a report, the commissioner may accept a report prepared by the developer and issue the report with any changes the commissioner considers necessary. Whether or not the commissioner issues …
No developer or agent of the developer shall sell a timeshare in a timeshare plan before the issuance of a public report for the timeshare plan, unless the public report has been waived under ORS 94.828 (3). A copy of the public report, when issued, shall be given to the prospective purchaser of a timeshare by the developer or agent of the developer prior t…
No operative statutory text appears at this designation in the selected edition.
The notice required under ORS 94.823 shall be accompanied by a filing fee as follows: For a timeshare plan developed in a single phase, $500 plus $10 for each timeshare but in no case shall the fee exceed $3,000. For a timeshare plan developed in two or more phases, $500 plus $10 for each timeshare in the first phase, and $5 for each additional timeshare d…
Before negotiating within this state for the sale of a timeshare in a timeshare plan composed wholly or partially of timeshare property located outside this state, the developer of the timeshare plan must: Comply with ORS 94.803 and 94.807 to 94.945; and Record, in the real property records of each county or other appropriate jurisdiction of each state in …
No operative statutory text appears at this designation in the selected edition.
A purchaser from a developer may cancel, for any reason, any contract, agreement or other evidence of indebtedness associated with the sale of the timeshare within five calendar days from the date the purchaser signs the first written offer or contract to purchase. Cancellation, under subsection (1) of this section, occurs when the purchaser gives written n…
The first written agreement for the sale of a timeshare to a purchaser signed by the purchaser shall contain, either upon the first page of the agreement or on a separate sheet attached to the first page, the following notice in at least 8-point type: ______________________________________________________________________________ NOTICE TO PURCHASER BY SIG…
No operative statutory text appears at this designation in the selected edition.
Any condition, stipulation or provision in a sales agreement, lease or other legal document, that binds a purchaser to waive legal rights granted to the purchaser under ORS 94.803 and 94.807 to 94.945 against the developer shall be considered to be contrary to public policy and void.
A developer may not transfer the developer’s interest in accommodations or facilities of a timeshare plan unless the transferee, as to each owner whose interest is involved in the transfer, agrees to: Honor the right of each owner to occupy and use the accommodations and facilities; Honor the right of a purchaser to cancel a contract and receive an appropr…
No operative statutory text appears at this designation in the selected edition.
Before the closing of the first timeshare sale the developer shall designate a managing entity, which may be the developer, the owners’ association, a trust, a management firm or an individual. The managing entity shall act as a fiduciary to each timeshare owner. The managing entity shall be responsible for: Managing and maintaining all accommodations and…
A timeshare instrument that provides for the developer or an agent selected by the developer to manage the timeshare property until an owners’ association, a trust or the owners assume the role of managing entity shall include provisions for: Termination of developer management or developer selected management by the association, trust or owners; Terminati…
No operative statutory text appears at this designation in the selected edition.
Until the closing of the first timeshare sale the developer shall pay all common expenses. After the closing of the first timeshare sale, the managing entity shall charge an annual assessment for the payment of common expenses based on the projected annual budget. The assessment shall be against: Each owner in the proportion specified in the timeshare inst…
No operative statutory text appears at this designation in the selected edition.
Whenever a managing entity levies an assessment for common expenses against a timeshare estate, the managing entity, upon complying with subsection (2) of this section, shall have a lien upon the timeshare estate for the reasonable value of the expenses, for any unpaid assessment and interest as provided in subsection (2)(b) of this section and for any late …
The timeshare instrument may provide that an association of timeshare owners be organized to serve as a means through which the timeshare owners may take action with regard to the administration, management and operation of the timeshare plan and the timeshare property. The association shall be organized as a corporation for profit or nonprofit corporation. …
The developer shall deliver to the designated managing entity before the closing of the first timeshare sale, the following: The original or a photocopy of the recorded timeshare instrument for the timeshare plan and any supplements and amendments thereto. A copy of any other document creating the managing entity. Any rules and regulations that have been …
A court of competent jurisdiction, upon petition by timeshare owners constituting at least 10 percent of the total number of timeshare owners in a timeshare plan, may declare a failure in the management of the timeshare plan and timeshare property and appoint a trustee to assume the duties of a managing entity for the timeshare plan, if the court finds that:…
If the managing entity has the sole authority to decide whether to repair or reconstruct an accommodation or facility that has suffered damage or that an accommodation or facility must be repaired or reconstructed, the managing entity shall obtain and maintain at all times and shall pay for out of the funds for payment of common expenses, insurance covering …
Unless a lien payment trust is established under ORS 94.890, no timeshare estate shall be sold by a developer by means of a purchase money agreement as defined in ORS 94.890 unless a collection escrow is established within this state with a person or firm authorized to receive escrows under the laws of this state and all of the following are deposited in the…
All funds, negotiable instruments, purchase money agreements and credit card authorizations and proceeds thereof received in this state by a developer from or on behalf of a purchaser or prospective purchaser in connection with the purchase or reservation of a timeshare must be placed in an escrow account with an escrow agent authorized under ORS 94.881 or t…
Subject to the requirements of ORS 94.871 and 94.873, an escrow for the sale of a timeshare estate may close only if one of the following alternatives for protecting the purchaser is satisfied: The timeshare estate is conveyed to the purchaser free and clear of any blanket encumbrance; The timeshare property in which the timeshare estate is granted is conv…
An escrow agent holding funds under ORS 94.873: May invest the escrowed funds in securities of the federal government or any agency thereof or in savings or time deposits in institutions insured by an agency of the federal government according to the terms of the agreement between the escrow agent and the developer. Shall maintain separate books and record…
Funds placed into escrow under ORS 94.873 shall be placed into an escrow account established solely for that purpose with one of the following acting as an escrow agent: An attorney who is a licensee of the Oregon State Bar; An insured institution, as defined in ORS 706.008, that is authorized to accept deposits in this state; A trust company, as defined …
When a nondisturbance agreement has been executed by the lienholder and recorded, the lienholder, its successors and anyone who acquires the property through foreclosure, by deed, assignment or transfer in lieu of foreclosure, shall take the property subject to the rights of the owners under the timeshare plan. When a notice of timeshare plan is recorded, a…
A lien payment trust may be established with a trust company as defined in ORS 706.008 that is authorized to transact trust business in this state, for the conveyance of timeshare property to the trustee under ORS 94.876 if the trust instrument provides for at least the following: Title to the timeshare property must be transferred to the trustee before the…
Except as provided in subsection (2) of this section: If a trust is established for timeshare property subject to timeshare licenses, the trust for the timeshare property shall be irrevocable during the time that any purchaser of a timeshare license has a right to the use of the timeshare property. If a trust is established for timeshare property subject t…
If it is impossible or impractical for a developer to satisfy any of the requirements of ORS 94.890 because of factors over which the developer has little or no control, the Real Estate Commissioner may accept arrangements other than those prescribed by ORS 94.890 which in the commissioner’s judgment will give rights and remedies affording equivalent benefit…
Any surety bond furnished to the Real Estate Commissioner under ORS 94.890 must be in an amount which is not less than 110 percent of the remaining principal balance of every indebtedness secured by a blanket encumbrance affecting the timeshare property. The surety bond must be issued by a surety authorized to do business in Oregon and having sufficient net …
Records of the sale of timeshares in a timeshare plan shall be subject to inspection by the Real Estate Commissioner. The Real Estate Agency shall adopt rules necessary to carry out ORS 94.803 and 94.807 to 94.945. The agency may cooperate with agencies performing similar functions in other jurisdictions to develop uniform filing procedures, forms, disclos…
Every nonresident developer, at the time of filing the notice required by ORS 94.823, also shall file with the Real Estate Commissioner an irrevocable consent that if, in any suit or action commenced against the nonresident developer in this state arising out of a violation of ORS 94.803 and 94.807 to 94.945, personal service of summons or process cannot be …
In addition to any other penalty provided by law, the Real Estate Commissioner may impose a civil penalty for violation of the provisions of ORS 94.803 and 94.807 to 94.945. No civil penalty shall exceed $1,000 per violation. Civil penalties under this section shall be imposed as provided in ORS 183.745.
If the Real Estate Commissioner finds that an owner, developer or other person is violating any of the provisions of ORS 94.803 and 94.807 to 94.945, the commissioner may order the person to desist and refrain from violating the provisions or requirements, or from the further sale of interests in the timeshare plan. If the commissioner finds that a develope…
No person shall, in connection with an offering, sale or lease of an interest in a timeshare plan: Employ any device, scheme or artifice to defraud; Make any untrue statement of a material fact; Fail to state a material fact necessary to make a statement clear; Issue, circulate or publish any prospectus, circular, advertisement, printed matter, document,…
It shall be unlawful for any developer or the agent or employee of a developer with intent to sell or lease a timeshare in a timeshare plan, to authorize, use, direct or aid in the publication, distribution or circularization of any advertisement, radio broadcast or telecast concerning a timeshare plan, that contains any false or misleading statement, pictor…
As used in ORS 94.953 to 94.989: “Blanket encumbrance” means any mortgage, deed of trust, option to purchase, vendor’s lien or interest under a contract or agreement of sale, or other material financing lien or encumbrance which secures or evidences the obligation to pay money or to sell or convey on any campgrounds offered for sale, made available to purch…
Except as provided in ORS 94.959, and except for transactions pursuant to ORS 94.962, no person shall offer to sell or sell a membership camping contract in this state unless the membership camping contract is registered under ORS 94.953 to 94.989.
A membership camping operator wishing to offer to sell or sell a membership camping contract in this state shall register the contract with the Real Estate Commissioner. The application for registration shall include all of the following if it is applicable to the membership camping operator: Written disclosures, in any format the commissioner is satisfied …
The following transactions are exempt from registration: An offer, sale or transfer by any one person of not more than one membership camping contract for any membership camping operator in any 12-month period, unless the person receives a commission or similar payment for the sale or transfer. An offer or sale by a government, government agency or other s…
The application for registration shall automatically become effective upon the expiration of 45 calendar days following filing of a completed application with the Real Estate Commissioner unless: The application for registration is denied under ORS 94.968; The commissioner grants the registration effective as of an earlier date; or The applicant consents …
The Real Estate Commissioner may order that a registration of an offer or sale of membership camping contracts be denied, suspended or revoked if the commissioner makes findings pursuant to ORS 183.430 that any of the following is true: The membership camping operator has failed to comply with any provisions of ORS 94.953 to 94.989 which materially affect t…
The fee for registration or amendment of an offer or sale of a membership camping contract shall be an amount sufficient to recover any administrative expenses in staff review and action upon the registration or amendment. The fee is subject to the review of the Oregon Department of Administrative Services. The Real Estate Commissioner shall set an estimated…
Except in a transaction exempt under ORS 94.962, any person who sells a membership camping contract shall provide the prospective purchaser with those written disclosures required under ORS 94.959. Disclosures shall be substantially accurate and complete and made to a prospective purchaser before the prospective purchaser signs a membership camping contract …
No person shall, in connection with an offering or sale of a membership camping contract: Employ any device, scheme or artifice to defraud; Make any untrue statement of a material fact; Fail to state a material fact necessary to make a statement clear; Issue, circulate or publish any prospectus, circular, advertisement, printed matter, document, pamphlet…
It shall be unlawful for any membership camping operator or the agent or employee of any membership camping operator with intent to sell a membership camping contract, to authorize, use, direct or aid in the publication, distribution or circularization of any advertisement, radio broadcast or telecast concerning a membership camping contract, that contains a…
Unless the transaction is exempt under ORS 94.962, it is unlawful for any person to act as a salesperson or membership camping contract broker in this state without first registering as a salesperson or membership camping contract broker as provided in ORS 94.980. Individuals licensed as real estate brokers or principal real estate brokers under ORS chapter …
A salesperson or membership camping contract broker may apply for registration by filing with the Real Estate Commissioner an application which includes the following information: A statement whether or not the applicant has been convicted of any misdemeanor or felony involving theft, fraud or dishonesty or whether or not the applicant has been enjoined fro…
Any membership camping contract may be canceled at the option of the purchaser, if: The purchaser sends notice of the cancellation by certified mail, return receipt requested, to the membership camping operator; and The notice is posted not later than midnight of the third business day following the day on which the membership camping contract is signed. …
With respect to any campground offered for sale in this state and acquired and put into operation by a membership camping operator after September 1, 1985, the membership camping operator shall not sell membership camping contracts in this state granting the right to use such campground until one of the following requirements has been satisfied: Each person…
Upon petition by the Real Estate Commissioner or a majority of active purchasers not then in default under their membership camping contracts, a court of competent jurisdiction may declare a failure of management of the membership camping operator and appoint a trustee to assume the membership camping operator’s duties under the membership camping contracts,…
Membership camping contracts, campgrounds and facilities are not subdivisions or series partitions under ORS chapter 92, are not condominiums under ORS chapter 100, are not timeshare properties under ORS chapter 94, and are not securities under ORS 59.005 to 59.505, 59.710 to 59.830, 59.991 and 59.995. Membership camping contracts covered by ORS 94.925 to 9…
No operative statutory text appears at this designation in the selected edition.
No operative statutory text appears at this designation in the selected edition.