Tesoro Owners Association

Key facts from Tesoro Owners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Residential Condominium (detached homes in condominium form) (Recitals B, C of Access Declaration; Rec)

Units / lots

1 (Lot 1 of Vista Tract No. 2-062) (Access Declaration Recital A; Declaratio)

Developer / declarant

VISTA-55, LLC, a California limited liability company (Access Declaration first page; Declarati)

Governing law

California Civil Code (particularly Sections 1351, 1354, 1468, etc.) (Declaration Recital G, Section 11, Artic)

Assessments & dues

Not fixed; set by Board at least annually based on budget. (Declaration Section 4.2, 4.9)

Special assessments

Permitted when available funds inadequate; can be levied in installments; also non-lien assessments for compliance (Section 4.4). (Declaration Section 4.2, 4.3, 4.4)

Collections & liens

Assessments (except non-lien compliance assessments) become a lien on the Condominium upon recording of notice; personal obligation of owner at time due; Association may foreclose judicially or non-judicially. Lien subordinate to first mort (Declaration Sections 4.1, 4.10, 4.11)

Reserves & fees

Regular assessments shall include an adequate reserve fund for periodic maintenance, repair and replacement of Association Property. (Declaration Section 4.1)

Pets

Yes, but subject to rules (Section 6.4). No explicit count or breed restrictions. (Declaration Section 6.4)

Leasing & rentals

Yes (Section 6.2). No explicit minimum term or rental cap. (Declaration Section 6.2)

Parking & vehicles

Parking within Residential Units; garages; no major repairs in parking areas; fire lanes; guest parking; compliance with governmental requirements. Prohibited vehicles may be listed. (Declaration Section 6.20)

Architectural approval

Yes, for exterior modifications; Architectural Committee approval required. (Declaration Article VIII (Architectural )

Signs & flags

Subject to sign control restrictions (Section 6.6); also provisions for flags (Section 6.9), antennae (Section 6.8), solar panels (Section 6.7). (Declaration Sections 6.6, 6.7, 6.8, 6.9)

Maintenance

Owner (part of Residential Unit exterior). (Declaration Section 1.27 (Residential Un)

Insurance

Association shall maintain fire insurance on Association Property, comprehensive general liability insurance, directors’ and officers’ insurance, fidelity bond, workers’ compensation, and other insurance as required. (Declaration Section 12.1)

Use restrictions

Yes, Condominiums for residential purposes only. (Declaration Section 6.1 (title and conte)

Voting & meetings

Three classes: Class A (Owners except Declarant) – 1 vote per Condominium; Class B (Declarant) – 3 votes per Condominium owned, converts to Class A after trigger events; Class C (Declarant) – elects 3 directors only, ceases after first annu (Declaration Section 3.2)

Amendments

Amendments prior to escrow closings made by Declarant unilaterally. After closings, amendments require vote of Owners (majority) and consent of Declarant (during Declarant control period). Also may require mortgagee approval. (Declaration Sections 22.2, 22.3, 22.4)

Amenities

Recreational Area: includes tot lot, tables, benches, barbeque facilities (to be transferred to Association after Phase 6 first transfer). (Declaration Section 1.26)

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