64.90.555 – Reserve study—Demand—Enforcement.
RCW 64.90.555 Reserve study—Demand—Enforcement. (1) When more than three years have passed since the date of the last reserve study prepared by a reserve study professional, unit owners of units to which at least twenty percent of the votes in the association are allocated may demand in a record delivered to the board that the […]
64.90.560 – Reserve account—Reserve study—Reserve disclosure—Liability.
RCW 64.90.560 Reserve account—Reserve study—Reserve disclosure—Liability. Except for an award for attorneys’ fees and costs under RCW 64.90.555(2), monetary damages or other liability may not be awarded against or imposed upon the association or its officers or board members, or upon any person who may have provided advice or assistance to the association or its […]
64.90.600 – Applicability—Waiver.
RCW 64.90.600 Applicability—Waiver. (1) RCW 64.90.605 through 64.90.695 apply to all units subject to this chapter, except as provided in subsections (2) and (3) of this section. (2) RCW 64.90.605 through 64.90.695 do not apply in the case of: (a) A conveyance by gift, devise, or descent; (b) A conveyance pursuant to court order; (c) […]
64.90.605 – Public offering statement—Liability.
RCW 64.90.605 Public offering statement—Liability. (1) Except as provided otherwise in subsection (2) of this section, a declarant required to deliver a public offering statement pursuant to subsection (3) of this section must prepare a public offering statement conforming to the requirements of RCW 64.90.610, 64.90.615, and 64.90.620. (2) A declarant may transfer responsibility for […]
64.90.610 – Public offering statement—General provisions—Notice.
RCW 64.90.610 Public offering statement—General provisions—Notice. (1) A public offering statement must contain the following information: (a) The name and address of the declarant; (b) The name and address or location of the management company, if any; (c) The relationship of the management company to the declarant, if any; (d) The name and address of […]
64.90.615 – Public offering statement—Common interest communities subject to development rights.
RCW 64.90.615 Public offering statement—Common interest communities subject to development rights. If the declaration provides that a common interest community is subject to any development rights or if the declarant reserves any special declarant rights, the public offering statement must include, in addition to the information required under RCW 64.90.610: (1) A statement of all […]
64.90.620 – Public offering statement—Conversion buildings.
RCW 64.90.620 Public offering statement—Conversion buildings. (1) A public offering statement for a unit in a conversion building must contain, in addition to the information required under RCW 64.90.610, 64.90.615, and 64.90.655(6)(a): (a) Either a copy of a report prepared by an independent, licensed architect or engineer or a statement by the declarant based on […]
64.90.540 – Reserve account—Withdrawals.
RCW 64.90.540 Reserve account—Withdrawals. (1) The board may withdraw funds from the association’s reserve account to pay for unforeseen or unbudgeted costs that are unrelated to replacement costs of the reserve components. Any such withdrawal must be recorded in the minute books of the association. The board must give notice of any such withdrawal to […]
64.90.500 – Association as trustee.
RCW 64.90.500 Association as trustee. With respect to a third person dealing with the association in the association’s capacity as a trustee, the existence of trust powers and their proper exercise by the association may be assumed without inquiry. A third person is not bound to inquire whether the association has power to act as […]
64.90.505 – Rules—Notice.
RCW 64.90.505 Rules—Notice. (1) Unless the declaration provides otherwise, the board must, before adopting, amending, or repealing any rule, give all unit owners notice of: (a) Its intention to adopt, amend, or repeal a rule and provide the text of the rule or the proposed change; and (b) A date on which the board will […]