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357655
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Last modified
12/1/2021 11:34:41 AM
Creation date
11/10/2021 10:29:39 AM
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Assessor
Account Number
357655
Assessor Doc Type
Review
Log Number
T21-033
Tax Year
2021-22
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<br /> <br />The Oregon Annotated Statutes is current through the 81st Legislative Assembly and its 1st <br />Special Session, 2021. Some sections may have multiple versions due to amendments by <br />multiple acts. Revision and codification by the Legislative Counsel are updated as available; see <br />ORS 173.111 et seq. For sections pending codification by the Legislative Counsel, see New <br />Sections Added by Recent Legislation in the Table of Contents. <br />LexisNexis®OregonAnnotatedStatutes <br /> <br />Title10PropertyRightsandTransactions(Chs.90105) <br /> <br />Chapter100-Condominiums(§§100.005100.990) <br /> <br />FlexibleCondominiums(§§100.150100.155) <br /> <br /> <br /> <br /> <br />ƭƬƬŗƭƱƬ£ґXJTJXŗ <br />(1) <br /> With regard to a flexible condominium, before the termination date, and by recording a <br />supplemental declaration and a supplemental plat in accordance with ORS 100.115 and 100.120, <br />the declarant may: <br />(a) <br /> Reclassify all or a portion of the property designated as variable property in the declaration and <br />on the plat, as one or more general common elements, limited common elements, units or a <br /> <br />combination of the elements and units; <br />(b) <br /> Unless designated in the declaration and on the plat or in a supplemental declaration and on the <br />supplemental plat as nonwithdrawable variable property, withdraw all or a portion of the variable <br />property from the condominium; and <br />(c) <br /> Subject to the requirements of ORS 100.105 (7)(m), change the designation of all or a portion of <br />variable property designated withdrawable variable property in the declaration and on the plat or in a <br />supplemental declaration and on the supplemental plat to nonwithdrawable variable property. <br />(2) <br /> Until variable property is withdrawn or reclassified as provided in subsection (1) of this section or <br /> <br />under ORS 100.155 (1): <br />(a) <br /> The property is a distinct classification of property and may not be a common element or unit of <br /> <br />the condominium. <br />(b) <br /> The property is considered a parcel of real property and is subject to separate assessment and <br />taxation by any taxing unit in like manner as other parcels of real property. <br /> <br />(c) <br /> Unless otherwise specifically provided in the declaration or supplemental declaration: <br />(A) <br /> The declarant shall pay all assessments, taxes and other expenses of the variable property. If <br />the declarant fails to pay any expenses of any variable property designated as nonwithdrawable <br />variable property, the board of directors may elect to pay the expenses and assess the unit owners <br /> <br />as a common expense. All costs incurred may be charged to the declarant. <br />(B) <br /> Ownership or occupancy of variable property does not confer any right to use the common <br />elements of the condominium. <br />(C) <br /> Ownership or occupancy of units does not confer any right to use variable property. <br />(D) <br /> Variable property is not subject to assessments for expenses of the condominium. <br /> <br /> <br /> <br />,¨ <br /> <br /> <br />&®±¬¤±«¸ ΘΓȁΏΑΐǿ ΑΏΏΐ ¢ȁΖΔΕ ȷ ΒΑǿ ΑΏΐΘ ¢ȁΕΘ ȷ ΐΏǾ ¤¥¥¤¢³¨µ¤ * ´ ±¸ ΐǾ ΑΏΑΏȁ <br /> <br /> <br />
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