1127 Tenth HOA

Key facts from 1127 Tenth HOA's documents

Community type

Condominium

Legal name

1127 Tenth Street Condominium Association, Inc.

Governing law

California Civil Code and California Corporations Code (Section 1.4; Section 2.4 (references Act)

Special assessments

Board may levy special assessment to recover reserve funds temporarily transferred, subject to limitation of Section 5605 of Act. Board may extend payment due date. (Section 7.4(c)(ii))

Reserves & fees

Reserve study required at least every 3 years; Board reviews annually (Section 7.4(a)). Reserve funds used only for major components or litigation (Section 7.4(b)). Temporary transfer to operating fund allowed with notice and written findin (Section 7.4)

Voting & meetings

One class of membership (Section 2.1(a)). Each Condominium has one vote (Section 2.1(b)). Joint owners must agree; if not, forfeit vote; if multiple cast, void (Section 2.1(b)). Cumulative voting for directors (Section 4.3). Secret ballot r (Section 2.1; Section 2.4; Section 4.3)

Amendments

Bylaws may be amended by vote or written ballot of not less than majority of Voting Power. Amendment effective immediately upon approval. Secretary certifies and keeps with records. (Section 9.2)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.