Madera Plaza Owners Association

Key facts from Madera Plaza Owners Association's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Madera Plaza Owners Association

Units / lots

5 parcels (Article 1.17 (Parcels 1-5))

Governing law

California Civil Code (References to Civil Code Sections 1366(b)

Assessments & dues

Not fixed; set by Board (Article 4.3)

Special assessments

Allowed for emergencies (Civil Code Section 1366(b)) and for maintenance/repair (Article 4.3A(1) and (2))

Collections & liens

Assessment becomes a lien upon recordation of notice of delinquent assessment; may be enforced by sale under power of sale or court action; foreclosure extinguished prior mortgage liens except recorded prior assessment liens (Article 4.1, 4.9)

Reserves & fees

Board annually fixes amount for reserves for replacement; separate account maintained (Article 4.4)

Leasing & rentals

Yes, tenants allowed; leases must obligate tenant to comply with Project Documents and rules (Article 8.13)

Maintenance

Association maintains and repairs Maintenance Area (parking, walkways, landscaping); each owner maintains building on its parcel (Article 5.1.1)

Use restrictions

Residential usage prohibited; only office and business, research, development and administrative office purposes (Article 7.1)

Voting & meetings

Two classes: Class A (owners) with votes per parcel: Parcel 1:15, Parcel 2:18, Parcel 3:18, Parcel 4:15, Parcel 5:15; Class B (Declarant) triple votes per parcel owned until Declarant owns a parcel or sooner terminated (Article 3.4)

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