1125 South Cleveland Street Homeowners Association

Key facts from 1125 South Cleveland Street Homeowners Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble (B) - 'division of the Project )

Developer / declarant

1125 SOUTH CLEVELAND STREET, LLC (Title page (return address) and Exhibit )

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Section 4000 et seq.) (Preamble (B))

Assessments & dues

Set by Board, initially sufficient to cover budget reviewed by Bureau of Real Estate; exact amount not specified in document. (Sections 4.03(a), 4.04)

Special assessments

Board may levy special assessment for unexpected costs, construction, reconstruction, etc. Subject to 5% of budgeted gross expenses limit without Owner approval; emergency exceptions. (Sections 4.03(b), 4.04)

Collections & liens

Assessment lien becomes effective upon recordation of notice of delinquent assessment. Personal obligation of owner. Foreclosure provisions in Section 4.12 (not fully extracted). (Sections 4.01, 4.12)

Reserves & fees

Board shall annually fix amount to be contributed pro rata to reserve funds for reconstruction, repair, replacement. Funds held in segregated trust accounts. (Sections 4.06, 4.07)

Pets

Yes, but subject to restrictions (Section 5.06 – not fully extracted) (Table of Contents – Section 5.06 Pets an)

Leasing & rentals

Yes, subject to conditions (Section 5.14 Right to Lease; specifics not extracted) (Table of Contents – Section 5.14)

Architectural approval

Yes, Architectural Control Committee required for modifications (Article 6) (Article 6 heading, Section 6.01)

Use restrictions

Units are residential condominiums; use restrictions in Article 5 (not fully extracted but includes nuisance, noise, etc.) (Preamble (B) and Article 1 definitions)

Voting & meetings

Two classes initially: Class A (Owners) one vote per unit; Class B (Declarant) triple votes per unit. Class B ceases when Class A votes equal Class B (tripled) or first anniversary of first conveyance of a unit. (Section 3.04)

Amendments

Amendments permitted as per Section 9.05 (specifics not fully extracted). (Table of Contents – Section 9.05)

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