Mcmillin Lomas Verdes Master Association

Key facts from Mcmillin Lomas Verdes Master Association's documents

Reflects the 1998 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

HOA (Master Association); Common Interest Development of the kind Planned Development (Recital F)

Units / lots

up to 930 residences (exclusive of apartment units) (Recital B)

Developer / declarant

McMillin Otay Ranch, LLC, a Delaware limited liability company (Recitals; Section 1.6)

Governing law

California Civil Code (Multiple references throughout)

Assessments & dues

Board levies regular and special assessments sufficient to perform Master Association obligations; must prepare budget per Civil Code §1365.5 (Section 4.3)

Collections & liens

Delinquent assessments become lien on separate interest upon recording notice of delinquency; subordinate to first mortgages. Foreclosure by power of sale (Civil Code §2924 et seq.) or judicial foreclosure. (Section 4.15, 4.17, 4.18)

Reserves & fees

Regular assessments include an adequate reserve fund for periodic maintenance, repair, replacement of Master Association Property (Section 4.2(a))

Pets

Animals allowed but subject to restrictions (Section 10.6)

Leasing & rentals

Rentals allowed; tenants not Members; no further restrictions stated (Section 3.2; Section 2.4 (delegation of )

Parking & vehicles

Vehicles must be parked in garage or driveway; inoperable vehicles prohibited (Section 10.12)

Fences

Walls and fences addressed; no encroachment or modification of City or Master Association walls; maintenance responsibilities defined (Sections 7.7, 7.8, 7.9)

Architectural approval

Yes, for plans and specifications for improvements (Section 8.5(a))

Signs & flags

Subject to rules; Declarant and Guest Builders have right to maintain signs for marketing for limited period (Section 10.5; Section 2.3(i)(ii))

Insurance

Max deductible for fire insurance: lesser of $10,000 (in 1998 dollars) (Section 5.1(d))

Use restrictions

Yes, Properties to be developed for residential and related uses; separate interests for residential use (Recital B; Section 10.2)

Voting & meetings

Three classes: Class A (owners, 1 vote per separate interest), Class B (Declarant and Guest Builders, 3x Class A votes), Class C (Declarant, for electing majority of directors). Voting by Delegates from Delegate Districts. Class A votes cas (Section 3.6, 3.7, 3.9)

Amendments

By Declarant initially; by members with vote; certain amendments require mortgagee approval; amendment must be recorded (Section 13.3)

Amenities

Private park of approximately 8/10ths acre (planned); trails and parkways maintained by Master Association (Recital G; Section 1.18)

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