Monroe Villas Homeowners' Association

Key facts from Monroe Villas Homeowners' Association's documents

Reflects the 1985 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title: 'CONDOMINIUM PROJECT'; Article 1.)

Legal name

Monroe Villas Owners’ Association, Inc. (Article 1.1.2)

Developer / declarant

MONROE VILLA ASSOCIATES, a California general partnership (Declaration opening paragraph; Article 1)

Governing law

California Civil Code (Sections 783, 1351, 1354, 1355, 1356, 1370-1375) (Recitals; Articles 1.1.6, 1.1.19, 4.2, 6)

Special assessments

Board may levy special assessments for capital improvements or other purposes; special assessment exceeding 5% of budgeted gross expenses requires majority vote of Owners (including majority of non-Declarant Owners); exception for repair af (Article 6.2)

Reserves & fees

Late payment penalty (liquidated damages) imposed if payment not received within 30 days after due date; amount set by Board not exceeding sums allowed by law (Article 6.3)

Pets

Each Owner may keep not more than one domesticated dog, cat, or commonly accepted household pet; any number of birds in cages; any number of fish in aquariums; for noncommercial purposes only (Article 2.4)

Leasing & rentals

Yes, Owner may lease entire Condominium for term of at least 30 days; no other restrictions except lender in possession (Article 2.5)

Voting & meetings

Two classes: Class A (all Owners except Declarant) – one vote per Condominium; Class B (Declarant) – until conversion when Class A votes equal Class B or two years after Final Subdivision Public Report (Article 5.3)

Amendments

Declaration may be amended by vote of Owners entitled to exercise at least two-thirds of total voting power; special provisions for certain articles (e.g., requiring Declarant consent or Mortgagee consent) (Article 14.1)

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