L V Villagio Homeowners Association

Key facts from L V Villagio Homeowners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recital B (Common Interest Development A)

Legal name

L V Villagio Homeowners Association (Section 1.03)

Developer / declarant

Linda Vista Villagio, LC (Recorded at Request of line and Preamble)

Governing law

California Civil Code Section 1350 et seq. (Common Interest Development Act) (Recital B)

Assessments & dues

Not fixed; determined annually by Board. Initial budget approved by DRE attached as Exhibit B. (Sections 4.03(a), 4.04, Exhibit B refere)

Special assessments

Levyable for unexpected costs, capital improvements, etc. Subject to limitation above unless emergency. (Section 4.03(b), 4.04)

Collections & liens

Assessment becomes a lien upon recording notice of delinquent assessment. Lien prior to other subsequent liens except taxes and first mortgage. Enforceable by nonjudicial foreclosure after 30 days. Association may bid at sale. (Section 4.12)

Reserves & fees

Board annually fixes amount for reserves for replacement. Trust accounts separate reserves from operating funds. Reserves used solely for capital improvements and replacements. (Sections 4.06, 4.07)

Pets

Yes, up to two usual household pets (dogs, cats, caged birds) and fish in up to two aquariums per unit. No commercial breeding. Pets must be kept under control. Not allowed in Common Area unless permitted by Board rules. Owners must clean u (Section 5.06)

Home business

Permitted only as office use within unit with desk, business phone, address, provided no unreasonable client visits or interference. (Section 5.01)

Use restrictions

Yes, except Declarant may use for model home/sales office until last unit sold or 3 years; Owner may use part of unit as office with restrictions. (Section 5.01)

Voting & meetings

Three classes: Class A (all Owners except Declarant, 1 vote per unit), Class B (Declarant, triple votes per unit owned, no vote in election of Board until Class C right terminates), Class C (Declarant, only to elect majority of Board until (Section 3.04(a), (b), (c))

Amendments

Referenced in Section 8.05 (text not provided). (Table of Contents: Article VIII, Section)

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