Title 100 · ORS Chapter 100

100.210; or ����� (B) If a turnover meeting is not held, the date the owners assume administrative control of the association. ����� (d) Failure of the declarant to deposit the balance due within 30

Citation: ORS 100.210

Section: 100.210

100.210; or

����� (B) If a turnover meeting is not held, the date the owners assume administrative control of the association.

����� (d) Failure of the declarant to deposit the balance due within 30 days after the due date constitutes a violation under ORS 100.545.

����� (e) The books and records of the association shall reflect the amount the declarant owes for all reserve account assessments.

����� (4)(a) The association may not assess units owned by the declarant for additional capital improvements without the written consent of the declarant as long as:

����� (A) In a single stage condominium, the declarant owns more than two units or five percent of the units, whichever is greater.

����� (B) In a staged or flexible condominium, the declarant owns more than two units or five percent of the units submitted to the provisions of this chapter, whichever is greater, or the termination date has not expired.

����� (b) The declarant may waive the declarant�s right of consent provided in paragraph (a) of this subsection.

����� (5)(a) Except with respect to assessments for reserves required by ORS 100.175, a declaration or bylaws may provide that, until the turnover meeting, the declarant may elect to defer commencement of all or part of common expense assessments as to all units in a condominium or as to all units in a stage of a condominium or as to all units created by a supplemental declaration and plat pursuant to ORS