Cherry Creek Homeowners Association

Key facts from Cherry Creek Homeowners Association's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium project (as defined in California Civil Code Section 1351(f)) (Section 1.3; Section 2.20)

Legal name

Cherry Creek Homeowners Association (Section 2.7)

Governing law

California Civil Code Sections 1350 et seq.; California Business and Professions Code Section 11004.5(c); California Subdivided Lands Law (Business and Professions Code Section 11000 et seq.) (Article 1, Section 1.3; Declaration prea)

Assessments & dues

Board establishes, fixes, and levies assessments; based on budget of Common Expenses; uniform rate per Condominium (proportionate to ownership interest). (Section 4.3.1; Section 6.8)

Special assessments

Allowed; levied by Board subject to provisions of Section 6.4. (Section 6.4)

Collections & liens

Association has lien for unpaid assessments; may foreclose as provided in Section 6.12. (Section 6.12; Section 6.1)

Reserves & fees

Reasonable reserves as deemed appropriate by Board or required by Governing Documents. (Section 2.19.6; Section 14.5)

Leasing & rentals

Rental of Residential Units is permitted subject to Section 7.3. (Section 7.3)

Signs & flags

Restricted per Section 7.7. (Section 7.7)

Use restrictions

Residential Units shall be used only for residential purposes. (Section 7.1)

Voting & meetings

Each Condominium has one vote; Voting Power defined in Section 5.2 (Section 5.2 (referenced in Table of Cont)

Amendments

Before close of first sale: Declarant may amend unilaterally (Section 15.1). After close of first sale: amendments per Section 15.2, may require Owner approval and/or Eligible Holder approval. (Section 15.1; Section 15.2)

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