Via Verde Estates, Inc.

Key facts from Via Verde Estates, Inc.'s documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Planned Development Senior Housing Community (Title page)

Legal name

Via Verde Estates, Inc. (Preamble; Section 1.9)

Units / lots

114 (109 residential lots and 5 Common Area lots) (Recital A (Lots 1-113 inclusive and Lot )

Developer / declarant

Via Verde Estates, Inc., a California nonprofit mutual benefit corporation (Association) (Preamble)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code section 4000 et seq.) (Article 1, Section 1.1)

Assessments & dues

Board estimates net charges for fiscal year; includes operating budget, reserves, contingencies (Section 4.3.1)

Special assessments

Board may levy special assessment for unexpected costs; aggregate cannot exceed 5% of Budgeted Gross Expenses without membership approval; emergency exception (Section 4.4, Section 4.6.1, Section 4.6.)

Collections & liens

Delinquent assessments become lien; notice recorded; judicial or nonjudicial foreclosure allowed; monetary penalties cannot be enforced by nonjudicial foreclosure (Section 4.13, Section 4.13.6)

Reserves & fees

Required as part of budget; includes amounts for replacements and reserves (Section 4.3.1, Definition of 'Budgeted G)

Pets

Subject to Section 6.23 'PETS'; presumably allowed with restrictions (Section 6.23)

Leasing & rentals

Yes, subject to Section 6.16 'LEASING OR RENTING LOT' and assignment of rent provisions (Section 6.16, Section 4.15)

Parking & vehicles

Prohibited? Not explicit; vehicle maintenance restrictions imply no major repair on street (Section 6.35) (Section 6.35)

Architectural approval

Prior written approval required for any modification, alteration, or improvement to Lot or Dwelling (Section 9.2, Section 9.3)

Signs & flags

Subject to Board regulation; Section 6.27 'SIGNS' indicates restrictions (Section 6.27)

Maintenance

Not explicitly stated; likely Association if roof is part of Common Area or Association Maintenance Area, but not clear. Generally exterior maintenance may be Owner responsibility unless designated otherwise.

Insurance

Owners encouraged to obtain individual property and liability insurance (Sections 10.15, 10.16). (Sections 10.15, 10.16)

Use restrictions

Lots and Dwellings shall be used for residential purposes only (Section 6.25 'RESIDENTIAL USE', Section )

Voting & meetings

More than 50% of Owners for assessment increase votes (Section 4.6.2)

Amendments

Amendment requires affirmative vote or written consent of majority of Voting Power; material amendments also require 51% of Eligible Holders if any; Board may amend to preserve senior housing status without Owner vote (Article 15, Section 1 (Article 15, Section 5.9)

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