Hangar 5 Owners Association

Key facts from Hangar 5 Owners Association's documents

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

Community type

Condominium Project (Common Interest Development) (Section 1.2)

Legal name

HANGAR 5 OWNERS ASSOCIATION (Section 1.3.1(d), Section 3.7)

Units / lots

5 (Units 1, 2, 3, 4, and Penthouse/Unit 5) (Section 1.3.1(a) and Section 3.68 (last )

Governing law

Davis-Stirling Common Interest Development Act (Civil Code §4000-6150) (Section 1.2, Section 5.9)

Assessments & dues

Board prepares annual pro forma operating budget (Civil Code §5300) and levies assessments accordingly (Section 6.2.7, Article 7 generally)

Special assessments

Permitted; limitations on regular and special assessments are addressed in Article 7 (details not fully provided) (Section 7.3 (Limitations On Regular And )

Collections & liens

Association may levy Assessments which become a lien on the Unit; but subordinated to first deeds of trust and first mortgages (Section 7.13); monetary penalties cannot become a lien enforceable by sale (Section 6.1.3(B)(3)) (Section 7.13, 6.1.3(B)(3))

Reserves & fees

Association shall maintain reserve fund for replacement of Improvements and Common Expense Areas as deemed necessary; reserve studies required per Civil Code §§5500 et seq. (Section 6.2.7)

Pets

Yes, regulated in Section 11.4 Pets (no further details in text but implies allowance) (Section 11.4)

Parking & vehicles

Assigned Parking Spaces in subterranean Garage; vehicle restrictions in Section 11.11; Use of Garages/Parking in 11.12 (Section 1.3.1(a), 3.6, 11.11, 11.12)

Signs & flags

Regulated in Section 11.6 Signs (Section 11.6)

Insurance

Each Owner required to maintain Unit Insurance Coverage (liability and casualty) per Article 14, Section 14.2 (Section 3.71, 14.2)

Use restrictions

Units are single-family dwellings; use restrictions in Article 11 (details not fully provided) (Section 1.3.1(a), 11.1)

Voting & meetings

Class A: one vote per Unit for non-Declarant owners; Class B: three votes per Unit owned by Declarant, converting to Class A upon trigger events (Section 5.3.1, 5.3.2)

Amendments

Amendments may be made by Declarant before first Close of Escrow, or by vote of membership as outlined in Article 18; specific procedures not fully detailed (Article 18 (18.1, 18.2, 18.3))

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