Pacific Terrace Owners Association

Key facts from Pacific Terrace Owners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Common Interest Development under Davis-Stirling Act) (Recitals B & C)

Legal name

PACIFIC TERRACE OWNERS ASSOCIATION, a California nonprofit mutual benefit corporation (Article I, Section 3)

Units / lots

61 condominiums (Recital C: "sixty-one (61) Condominiums")

Developer / declarant

PACIFIC TERRACE DEVELOPMENT LLC, a Delaware limited liability company (Opening line)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Section 1351 et seq.) (Recital B)

Reserves & fees

If assessment not paid within 15 days after due date, late charge equal to 10% of delinquent amount or $10 (whichever greater) is imposed. (Article IV, Section 8)

Maintenance

Association responsible for maintenance of Common Area. Owners responsible for maintenance within their Units. (Article III, Section 1; Article II, Sect)

Amendments

Amendments to Condominium Documents require vote or written assent of applicable percentage of each class of membership. See Article VIII, Section 4. (Article VIII, Section 4 (TOC))

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