Shadowridge Cottages Owners Association

Key facts from Shadowridge Cottages Owners Association's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned Unit Development (Page 1, Title: 'SHADOWRIDGE COTTAGES, A )

Legal name

Shadowridge Cottages Owners Association

Units / lots

173 residential lots overall (Phase 1: 44, Phase 2: 34, Phase 3: 44, Phase 4: 51) (Recital B, Page 6: 'four (4) phase plann)

Developer / declarant

DAON HOMES, INC., a California corporation (Page 5, Recitals: 'Declarant' is DAON HO)

Assessments & dues

$910.92 per Lot per year until first Lot sale (Article IV, Section 4.3(a), Page 11)

Special assessments

Board may levy special assessment for construction, reconstruction, repair, replacement. If aggregate exceeds 5% of budgeted gross expenses, requires vote of 51% of each class (or after Class B conversion: majority of all and majority of no (Article IV, Section 4.4, Pages 11-12)

Collections & liens

Assessments become a lien on the Lot upon recordation of Notice of Delinquent Assessment. Lien may be foreclosed by sale per California Civil Code Sections 2924, 2924b, 2924c. Association may purchase at foreclosure. Lien expires in 1 year (Article IV, Section 4.8, Pages 13-14)

Reserves & fees

Annual assessments shall include an adequate reserve fund for periodic maintenance, repair and replacement of Common Area. (Article IV, Section 4.1, Page 10: 'shall)

Leasing & rentals

Each Owner has the right to lease his Lot; lease must be in writing and subject to this Declaration and Master CCRs; lessee's failure to comply is a default under the lease. No lease for hotel, motel, or transient purposes. (Article VI, Section 6.6, Pages 17-18)

Architectural approval

If Board or committee fails to approve or disapprove within 30 days after submission, approval not required provided the structure conforms to all restrictions and is in harmony with similar structures. (Article V, Page 17)

Use restrictions

Each Lot shall be used only for residential purposes; single family dwelling not exceeding two stories. Declarant may use Lots for model homes and sales office for up to 6 years. (Article VI, Section 6.1, Page 17)

Voting & meetings

Two classes: Class A (each Owner, 1 vote per Lot); Class B (Declarant, 3 votes per Lot owned) (Article III, Section 3.2, Pages 9-10)

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