Centre Park Terrace Owners Association

Key facts from Centre Park Terrace Owners Association's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recital B, Condominium Plan)

Legal name

Centre Park Terrace Owners Association

Developer / declarant

CENTRE PARK TERRACE, a California general partnership (Opening paragraph)

Management

Condominium Consultants, Inc.

Governing law

California Condominium Act (California Civil Code Sections 13851, 1354, 1356, 1730) (Recital C (California Condominium Act), )

Assessments & dues

Not set; determined by Board (Article III Sections 3.1-3.3)

Special assessments

Permitted for capital improvements; also special assessments for non-compliance. (Article III Section 3.1: 'special assess)

Collections & liens

Assessment becomes a lien upon recordation of notice of delinquency. Lien may be foreclosed like mortgage (including power of sale under Civil Code Sections 2924 et seq. and 1356). (Article III Sections 3.1, 3.5, 3.6)

Reserves & fees

Regular assessments shall include 'an adequate reserve fund for periodic maintenance, repair and replacement of the Common Area'. (Article III Section 3.1(a))

Pets

Yes, domesticated pets such as dogs, cats, usual household pets, subject to limitations. (Article IV Section 4.4)

Leasing & rentals

Yes, but lease must be in writing and provide that tenant bound by Declaration, Bylaws, rules. (Article IV Section 4.2)

Architectural approval

Yes, for any building, fence, wall, structure, or improvement on Common Area, plus any alteration of grade/drainage. Also for any remodeling of Common Area. (Article IV Section 4.17; Section 4.8)

Home business

Prohibited (no commercial purpose allowed) (Article IV Section 4.1)

Signs & flags

One sign of customary dimensions advertising sale or lease allowed with prior Board written permission and conformity with ordinances. No other signs without Board permission. Declarant may maintain signs during sales period. (Article IV Section 4.6)

Maintenance

Not explicitly stated; Corporation maintains Common Area (likely includes roof as common element). (Article V Section 5.3 (Corporation maint)

Insurance

Each Owner responsible to pay any deductible amount for loss to his Condominium. (Article IX Section 9.3: 'Each Owner shal)

Use restrictions

Each Unit improved, used and occupied for private single-family dwelling purposes only. No commercial purpose. (Article IV Section 4.1)

Voting & meetings

Two classes: Class A (each Owner except Declarant) 1 vote per Condominium; Class B (Declarant) 3 votes per Condominium owned. Class B terminates when Class A votes equal Class B or 2 years after first sale, whichever earlier. (Article II Section 2.1)

Amendments

Before Class B conversion: 75% of total voting power of each class. After conversion: (i) 75% total voting power, and (ii) 51% of members other than Declarant. Material amendments (listed in Section 12.4) require prior written approval of n (Article XII Section 12.4)

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