La Playa Cove Owners Association

Key facts from La Playa Cove Owners Association's documents

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

Community type

Condominium Project (Recital B)

Legal name

La Playa Cove Owners Association

Governing law

California Civil Code section 1351(f) (Recital B)

Special assessments

Allowed for water intrusion damage costs if responsible Owner disputes or refuses to pay, after Notice and Hearing, charged as Special Assessment pursuant to Article II, Section 2(b) (Page 4 (Amendment adding to Article V))

Collections & liens

The Association has full authority to lien on the amount of a special assessment for water intrusion damages in the event of non-payment (Page 4 (Amendment adding to Article V))

Reserves & fees

Referenced in fidelity bond requirement: bond amount equal to at least 150% of estimated annual operating expenses, including reserves (Article X, Section 3(c) as amended)

Maintenance

Water intrusion damage: responsible Owner bears cost. Association repairs Common Area/Improvements under its control at owner's expense. Owner repairs his/her Unit. Other Unit owner repairs and may charge responsible Owner. (Amendment adding to Article V, pages 4-5)

Insurance

Each Owner shall be responsible to pay any deductible amount for any loss to his Condominium (Article X, Section 3 as amended, paragra)

Amendments

Declaration Article XII, Section 2 requires 75% vote or written consent to amend; this amendment was adopted by at least a majority of the voting power (certified by officers) (Recital E and certification)

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