C2 Lofts Homeowners Association

Key facts from C2 Lofts Homeowners Association's documents

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

Community type

Condominium Project (Preamble, paragraph B: 'create a condomi)

Legal name

C2 LOFTS HOMEOWNERS ASSOCIATION (Section 1.7 'Association' definition)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Sections 1350 et seq.) (Preamble, paragraph B: 'Davis-Stirling C)

Special assessments

Defined as charge for corrective action, fines, penalties, plus interest and costs; not including late payment penalties or collection costs for other assessments (Section 1.6 'Assessment, Special')

Collections & liens

Delinquent assessments become a lien on the Condominium; Notice of Lien must be recorded; foreclosure by sale permitted; priority subordinate to first mortgage and tax liens; nonjudicial foreclosure allowed; Board must approve recording of (Sections 5.8, 5.9, 5.10, 5.11)

Reserves & fees

Required separate Reserve Fund for capital improvements, replacements, painting, repairs, and insurance deductibles (Section 5.2(2))

Use restrictions

Each Residence is intended for use by a single Family (Section 1.39 'Residence' definition; Sec)

Voting & meetings

Class A Members (all Owners except Declarant) have 1 vote per Condominium; Class B Member (Declarant) has 3 votes per Condominium owned until conversion (Section 2.4 and 2.5)

Amendments

Article XII Duration and Amendment; amendments require approval as provided in Article 12 (details not fully extracted) (Table of Contents, Article 12; Section 1)

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