Mission Village Condominium Association

Key facts from Mission Village Condominium Association's documents

Reflects the 1978 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (TITLE, Declaration of Restrictions)

Developer / declarant

HOME BUSINESS DEVELOPMENT CORPORATION (Declaration of Restrictions, page 1)

Governing law

California Civil Code sections 783, 1351, 1352.5, 2924 et seq. (Declaration of Restrictions (various) an)

Assessments & dues

Board fixes regular assessments; categories A (studio), B (1-bedroom), C (2-bedroom) weighted 1, 1.5, 2. (Article III, Sections 2, 3)

Special assessments

Board may levy special assessments for capital improvements; aggregate limit 5% of budgeted gross expenses per fiscal year without majority vote of each class. Individual special assessments for enforcement costs are not subject to that lim (Article III, Section 4)

Collections & liens

Assessments are a lien on the condominium. Lien may be foreclosed like a mortgage or by power of sale under Civil Code §2924 et seq. Lien subordinate to first mortgage unless notice of delinquency recorded prior. (1990 Amendment: assessment (Article III, Sections 8, 9, 10; First Am)

Reserves & fees

Operating reserve fund and reserve for replacement must be established. (Article III, Section 2)

Leasing & rentals

Owner may lease living unit and interest in Common Area together, provided lease is in writing and tenant bound by governing documents; lease for less than 30 days or with hotel services is deemed transient/hotel and is prohibited. (Article IV, Section 2)

Parking & vehicles

Automotive passenger vehicles (including pickup trucks and vans) may park in designated areas. Board shall assign at least one parking space per condominium without charge. Owners may park one standard vehicle in their assigned space. (Article IV, Sections 10(iv), 15)

Signs & flags

Only one sign of reasonable dimensions for sale or lease may be visible from outside with Board permission; no signs on Common Area except by Board. Declarant may install sales signs during sales period. (Article IV, Section 6)

Use restrictions

Each Living Unit shall be used for private dwelling purposes only; no commercial use. Declarant may use units as model homes and sales offices during sales period. (Article IV, Section 1 (as amended 2000))

Voting & meetings

Two classes: Class A (owners, 1 vote per condominium); Class B (Declarant, 3 votes per condominium owned). Class B ceases when Class A votes equal Class B or 2 years after Final Subdivision Public Report. (Article II, Section 1)

Amendments

Declaration may be amended by instrument signed by 75% of voting power of each class of Members, recorded. No material change without prior written consent of 75% of first mortgagees. (Article XII, Section 2)

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