Are there limits on how many condos can be in a single complex?
Yes, there are limits on how many condos can be in a single complex in Oregon. According to the Oregon Condominium Act, the maximum number of condos that can be in a single complex is the number specified in the condominium declaration. This number is typically determined by the developers of the complex and approved by the local government. In addition, the Oregon Condominium Act states that no more than 30% of the units in a complex can be owned by a single entity, excluding any units held in trust for religious, charitable, or educational entities. This helps prevent large companies or investors from taking over a complex and having an unfair advantage over individual condo owners. Condominiums must also meet certain zoning requirements in Oregon, which dictate how many units can be in a complex based on the size of the land area. Zoning rules can vary by region, so the number of units allowed in a complex may be different in one part of the state compared to another. Overall, Oregon has strict regulations in place to ensure that condo complexes maintain healthy and safe living conditions for condo owners. The number of units allowed in a single complex are determined by the developers and the local government to prevent overcrowding and ensure fairness among owners.
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