ORS 100.658
Limited residential condominium filing
(1)
A declarant that proposes to submit real property to the condominium form of ownership under this chapter and does not intend to sell units in the condominium for which the developer must file a disclosure statement under ORS 100.635 (Filing with commissioner) may request approval of the declaration and bylaws or a supplemental declaration by:(a)
Submitting the fee required by ORS 100.670 (Fees); and(b)
Filing a limited residential condominium filing described in subsection (2) of this section with the Real Estate Commissioner.(2)
A limited residential condominium filing must include:(a)
General information, provided on a form prescribed and furnished by the commissioner, including:(A)
The name and address of the condominium and the county in which the condominium is located.(B)
The name, address and telephone number of the declarant and any agent of the declarant.(b)
For approval of the declaration and bylaws or a supplemental declaration, in addition to the documents and information required under ORS 100.668 (Documents and information included with filing) (2) or (3), an executed and acknowledged affidavit of compliance, in a form prescribed and furnished by the commissioner, that requires the declarant to:(A)
Agree to comply with ORS 100.660 (Nonresidential condominium or security filing), 100.705 (Sale prohibited prior to issuance of disclosure statement), 100.725 (Documents prerequisite to execution of sale agreement and conveyance of unit) and 100.740 (Notice to purchaser of cancellation rights) before the declarant sells any unit in the condominium;(B)
Assert understanding that violations of ORS 100.660 (Nonresidential condominium or security filing), 100.705 (Sale prohibited prior to issuance of disclosure statement), 100.725 (Documents prerequisite to execution of sale agreement and conveyance of unit) or 100.740 (Notice to purchaser of cancellation rights) are subject to civil penalties and sanctions under ORS 100.900 (Civil penalty) and 100.905 (Cease and desist order) and criminal penalties under ORS 100.990 (Criminal penalties); and(C)
Assert understanding that violations of ORS 100.705 (Sale prohibited prior to issuance of disclosure statement) are subject to ORS 646.605 (Definitions for ORS 336.184 and 646.605 to 646.652) to 646.656 (Remedies supplementary to existing statutory or common law remedies) in addition to any other sanctions provided by law.(3)
After review of the limited residential condominium filing filed under this section, the commissioner may require the declarant to file additional documents and information related to the limited residential condominium filing that the commissioner deems necessary to review and approve the declaration and bylaws or a supplemental declaration under this chapter. [2019 c.69 §20]
Source:
Section 100.658 — Limited residential condominium filing, https://www.oregonlegislature.gov/bills_laws/ors/ors100.html
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