Oregon Statutes
§ 94.853 — Payment of common expenses
Oregon § 94.853
This text of Oregon § 94.853 (Payment of common expenses) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Or. Rev. Stat. § 94.853 (2026).
Text
(1)Until the closing of the first timeshare sale the developer shall pay all common expenses.
(2)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:
(a)Each owner in the proportion specified in the timeshare instrument and the developer for the share allocated to all timeshare periods still owned by the developer at the time the assessment is made;
(b)As provided in paragraph (a) of this subsection, except that the developer shall also pay that portion of the total assessment not paid by any owner, if the developer guarantees payment of all common expenses of the timeshare plan under the provisions of the timeshare instrument; or
(c)
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Legislative History
1983 c.530 §11; 2003 c.14 §39
Nearby Sections
15
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Bluebook (online)
Oregon § 94.853, Counsel Stack Legal Research, https://law.counselstack.com/statute/or/94.853.