Question:
How long do we need to keep records. Specifically ownership documents, minutes of meetings, proxy forms, and other documentation including insurance documentation, correspondence, etc. Lastly, how do we prevent the possibility of Air B & B establishments in our Association. Thanks, Bill Kohn, Secretary of Rogue River Pointe Home Owners Association.
– Bill
Answer:
Hi Bill,
The Oregon Revised Statutes Section 94.670 talks about the association’s duty to keep documents and records. It references ORS 65.771, which details the records a nonprofit corporation (which most HOAs are) must keep. Additionally, your governing documents may contain rules about how long you must keep records.
As for preventing Airbnbs, you might consider amending your governing documents to include a rule prohibiting or restricting short-term rentals. Here is a resource you might find helpful: https://www.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.
