303 Coast Owners Association

Key facts from 303 Coast Owners Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code section 4000 et seq.) (Section 1.1 (Davis-Stirling Common Inter)

Assessments & dues

Set by Board based on estimated net charges each fiscal year; paid in equal monthly installments on or before the first day of each month (Section 4.3)

Collections & liens

Delinquent assessment becomes lien upon recording Notice of Assessment Lien; enforceable by judicial or nonjudicial foreclosure (except monetary penalty assessments cannot be enforced by nonjudicial foreclosure) (Section 4.14)

Reserves & fees

Reserve accounts are maintained; Regular Assessments include amounts for reserves (Section 4.3 (provision for contingencies)

Use restrictions

Residential Use of Unit required (Section 5.27)

Voting & meetings

One vote per Unit; one class of membership (Section 3.4)

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