Famosa Townhomes Owners Association

Key facts from Famosa Townhomes Owners Association's documents

Legal name

Famosa Townhomes Owners Association (Article 1, Recitals 1.3.1(d) and Section)

Developer / declarant

Veritas Famosa Investors, L.P., a California limited partnership (Preamble)

Governing law

Davis-Stirling Common Interest Development Act (Civil Code §4000-6150) (Article 1, Recitals 1.2)

Collections & liens

Assessments may become a lien; subordinated to first deeds of trust and first mortgages (Section 7.14). (Sections 7.13 and 7.14)

Reserves & fees

Reasonable late payment penalties for delinquent Assessments may be imposed. (Section 6.1.3(B)(4) (last paragraph))

Pets

Yes, subject to restrictions (Article 11.4). (Article 11.4)

Signs & flags

Restricted (Article 11.6). (Article 11.6)

Use restrictions

Units 1-9 are single-family dwellings for residential purposes; Unit 10 is commercial. (Article 1, Recitals 1.3.1(a) and Section)

Voting & meetings

Class A (each Owner other than Declarant): 1 vote per Unit. Class B (Declarant): 3 votes per Unit owned, converts to Class A upon certain events. (Sections 5.3.1 and 5.3.2)

Amendments

Amendments after first Close of Escrow require approval as per Article 18 (not fully detailed in excerpt). (Article 18)

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