2965 Ocean Front Walk Homeowners Association

Key facts from 2965 Ocean Front Walk Homeowners Association's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

2965 OCEAN FRONT WALK HOMEOWNERS ASSOCIATION (Section 1.7)

Developer / declarant

Lincoln Trust Company FBO Anthony Marlon IRA (First line of declaration: 'THIS DECLARA)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Sections 1350 et seq.) (Preamble paragraph B; references through)

Assessments & dues

Board of Directors authorizes and levies Annual Assessment by majority vote. Initial assessment per Budget prepared by Declarant. (Section 5.5)

Collections & liens

Association may record a lien on the separate interest for delinquent assessments and enforce it under Civil Code Section 1367, including reasonable costs and attorney's fees. (Sections 5.8 - 5.11)

Reserves & fees

Board shall establish a separate Reserve Fund for capital improvements, replacements, painting, repairs, and deductible amounts. (Section 5.2)

Home business

Business or commercial activity prohibited. (Section 7.8)

Signs & flags

Signs restricted (specific rules not in excerpt). (Section 7.4)

Use restrictions

Each Residence intended for use by a single Family. (Section 7.1)

Voting & meetings

Class A Members (all Owners except Declarant) have one vote per Condominium; Class B Member (Declarant) has three votes per Condominium owned, until conversion to Class A upon meeting conditions. (Section 2.4; Section 2.5)

Amendments

Declaration may be amended as provided in Article XII (specifics not in excerpt but referenced). (Article XII (Table of Contents))

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