Oregon law places important responsibilities on HOA and condominium boards. While every board member does not need to become an expert in the statutes, boards should understand the requirements that affect the association's finances, meetings, records, property, and decision-making.

Some of the areas Oregon board members should become familiar with include:

Budgets and assessments
Boards are responsible for adopting association budgets and overseeing the collection and use of assessments. The association's governing documents may impose additional requirements beyond state law.

Reserve funding and reserve studies
For associations subject to Oregon's reserve requirements, reserve funds are intended for major maintenance, repair, and replacement of association property and other items for which the association is responsible. Oregon law requires applicable HOA boards to review reserve needs annually and either conduct a reserve study or review and update an existing study.

Maintenance planning
Oregon law also requires applicable associations to maintain a plan addressing the maintenance, repair, and replacement of property for which the association is responsible.

Association funds and financial records
Boards have responsibilities concerning the custody of association money, financial records, budgets, reserve information, and access to association records by owners.

Insurance and fidelity coverage
Associations may be required to maintain insurance on common property and liability coverage. Certain planned communities must also maintain fidelity bond coverage protecting association funds from risks involving people who have access to those funds, including directors, officers, employees, and managing agents.

Board and owner meetings
Oregon law establishes requirements affecting board meetings, association meetings, meeting notices, voting, electronic participation, executive sessions, and owner involvement.

Assessments and liens
Oregon statutes give associations significant authority to collect properly imposed assessments and establish procedures governing association liens and collection actions.

Governing documents still matter
State law is only one part of the board's legal framework. A board should also understand its declaration, bylaws, articles of incorporation, rules, resolutions, and other governing documents. Those documents may impose requirements or restrictions beyond the minimum requirements established by Oregon law.

Key Oregon Statutes for Board Members

For planned-community HOA boards, particularly useful sections of ORS Chapter 94 include:

ORS 94.595 — Reserve accounts, reserve studies, and maintenance plans
ORS 94.630 — Powers of the homeowners association
ORS 94.640 — Board of directors powers and duties
ORS 94.644 — Board meetings, notice, and executive sessions
ORS 94.645 — Annual budgets
ORS 94.650 — Meetings of owners
ORS 94.670 — Association records and financial matters
ORS 94.675 — Insurance and fidelity bond coverage
ORS 94.704–94.723 — Assessments, liens, and collection matters

Condominium board members should review the corresponding provisions of ORS Chapter 100, particularly the sections beginning with ORS 100.405, which address the association of unit owners and management of condominium property.

Oregon Condominium Association Filing Requirement

Oregon condominium associations also have a state reporting requirement. Condominium unit-owner associations must file an Annual Report with the Oregon Real Estate Agency. The agency currently lists a $25 annual filing fee.

Recent Oregon Law Changes

Board members should remember that association law changes periodically.

Oregon's online statutes currently display the 2025 Edition, but the Oregon Legislature specifically warns that changes enacted during the 2026 legislative session are not yet incorporated into the published 2025 statutes.

For example, legislation enacted in 2026 places new limitations on HOA restrictions involving certain fire-hardened building materials. Boards should therefore check both the current Oregon Revised Statutes and recent Oregon session laws when researching an issue.