Derrwood Estates Number 2

Key facts from Derrwood Estates Number 2's documents

Reflects the 1976 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

DERRWOOD ESTATES NUMBER 2 (Article C4 (Definitions))

Units / lots

15 (Lots 1 through 15, inclusive) (Page 1 (Description of Property))

Developer / declarant

DERRWOOD INVESTMENT CO. and ALESTER CORPORATION, a joint venture

Assessments & dues

Board estimates annual charges including contingencies and replacements; each lot bears the same fractional share; monthly payments are due on the first day of each calendar month. (Article 14 (Maintenance Fund))

Collections & liens

Association may file notice of delinquency creating a lien; lien may be foreclosed like a mortgage under California law or enforced by sale under Civil Code Section 2932. (Article 13(b)-(d))

Reserves & fees

Annual estimates include a reasonable provision for contingencies and replacements (i.e., a reserve fund). (Article 14)

Pets

Yes, but limited. (Article 2(d))

Fences

Except within enclosed patios, no fences, hedges, or walls shall be erected or maintained except as installed in accordance with Declarant's landscaping plans or as provided by the Board. (Article 2(f))

Architectural approval

Installation of wiring for electrical/telephone, television antennae, machines, air conditioning units on exterior requires Board authorization; fences, hedges, walls require compliance with Declarant’s landscaping plans or Board approval; (Article 2(b), 2(f), 2(g))

Maintenance

Owner responsible for interior maintenance, repair and replacement of plumbing, electrical, heating, air conditioning within/in servicing the lot, and interior surfaces. Association responsible for exterior maintenance of each lot: paint, r (Article 5, Article 7)

Insurance

Association carries fire insurance with extended coverage on Common Area buildings; workers compensation insurance; bodily injury liability insurance (limits not less than $30,000 per person injured and $300,000 per accident); property dama (Article 24)

Use restrictions

Each lot shall be improved, used and occupied for private single-family dwelling purposes only. (Article 2(a))

Voting & meetings

Each lot owner is a member; voting rights may be suspended for non-payment of assessments (until paid) or for infractions of rules (up to 30 days after hearing). (Article 12, Article 6(b), Article 26)

Amendments

These restrictions may be amended by an instrument in writing signed by owners representing 75% of the voting power of the Association (excluding subdivider), recorded in Los Angeles County Recorder's office. The percentage needed to amend (Article 18)

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