Lakeridge Oaks Homeowners Association

Key facts from Lakeridge Oaks Homeowners Association's documents

Reflects the 1979 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Homeowners Association (Article I, Section 1.5 defines Associati)

Legal name

LAKERIDGE OAKS

Developer / declarant

Centennial Investment Group, a joint venture composed of James R. Hight, Donna M. Klump and Robert W. Klump (Introductory paragraph on page 3)

Governing law

California Civil Code (references Sections 2924, 2924b, 2924c) (Article VII, Section 7.3)

Assessments & dues

First regular assessment fixed at $32.81 per lot (corrected page); assessments are on calendar year, payable quarterly in advance on Dec 31, Mar 31, Jun 30, Sep 30 (Exhibit 1 (corrected page 31) on page 3;)

Special assessments

Allowed for capital improvements and common expenses; cannot exceed 5% of budgeted gross expenses without vote of majority of non-Declarant members, except for compliance costs (Article VI, Section 6.4)

Voting & meetings

Two classes: Class A (one vote per lot); Class B (Declarant, two votes per lot owned). Joint owners lose vote if cannot agree. (Article III, Section 3.3(a)-(b))

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