How long does a Oregon association have in which to formally assert a breach of statutory warranty claim?
For common area defects, notice of the claim must be given to the developer within three years after sale of the first unit in a single stage condominium. For multi-stage projects, the three years may start to run later on a later phase. For defects in limited use common areas or within units themselves, notice of the claim must be given within one year after sale of the affected unit. If timely notice of a defect is given, the claimant has an additional two years following the expiration of the three year or one year period, in which to initiate formal legal action against Declarant.
