New Tradition Homeowners Association

Key facts from New Tradition Homeowners Association's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (HOA) – nonprofit mutual benefit corporation (Recitals (A): 'NEW TRADITION HOMEOWNERS )

Governing law

California Civil Code Section 4175 (definition of Planned Development) and numerous other Civil Code sections (e.g., 4080, 4045, 4340-4370, 5300, 5855) (Recitals (C) and throughout document)

Assessments & dues

Board sets Regular Assessments based on Annual Budget Report; cannot exceed 120% of prior year's assessment without owner vote (Section 5.3(A))

Reserves & fees

Yes, required for maintenance, repair, and replacement of Common Area and Common Facilities (Section 1.13(C) (definition of Common Ex)

Use restrictions

Residences shall be private single family dwellings (implied by definitions and use restrictions) (Section 1.31: 'Residence means a private)

Voting & meetings

One vote per Lot (Article 2, Section 2.3: 'each Lot shall )

Amendments

Article 16 sets forth amendment procedures; includes requirements for Eligible Mortgage Holder approval in certain cases (Article 16 (Sections 16.1-16.3))

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