90% of all homeowner association (HOA) are organized as a non-profit corporation. In certain respects, these non-profit corporations are not unlike their for-profit, publicly-traded counterparts. Many homebuyers overlook this important fact only to find that the privatized community in which they now find themselves living is beset with financial problems. Problems within the organizational hierarchy…
Salem, OR – House Bill 2466, effective date 1/1/2020: The legislation applies to some planned communities and all condominium associations created “before, on or after” that date. In other words all condominiums and some planned communities created in the state. As a result of HB 2466 all condominium associations and planned communities are required to…
Salem, OR: In 2017 the Oregon Legislature approved House Bill 3057 resulting in changes to the language in chapters 94 and 100 of the Oregon Revised Statutes (ORS). ORS 94 is the statute that governs planned communities in Oregon while ORS 100 governs condominiums. Both statutes were “cleaned up” to paraphrase one esteemed former Representative…
Olympia, WA: In 2018 the Washington legislature passed Senate Bill 6175. The legislation, which took effect on July 1, 2018, is arguably a step in the right direction in the ongoing campaign to standardize the laws than govern HOAs. Patterned after a piece of model legislation known as the Uniform Common Interest Ownership Act, the…