Nexus Owners Association

Key facts from Nexus Owners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Nexus Owners Association (Section 2.7)

Units / lots

79 (74 Residential Condominiums, 2 Live/Work Condominiums, 3 Commercial Condominiums) (Section 1.3)

Developer / declarant

Centex Homes, a Nevada general partnership (Preamble)

Governing law

California Business and Professions Code Section 11004.5(c) and California Civil Code Section 1350 et seq. (Davis-Stirling Common Interest Development Act) (Section 1.2)

Assessments & dues

Board adopts Budget and allocates among Owners based on Common Expenses; Regular Assessments set annually (Section 6.2, 6.3, 2.12)

Special assessments

Permitted with Board approval and/or member vote per Section 6.4 (Section 6.4, 2.71)

Collections & liens

Association may place a lien and foreclose for unpaid assessments (Section 6.12)

Reserves & fees

Association to maintain reserves as deemed appropriate by Board (Section 2.21.6)

Leasing & rentals

Not prohibited; implied allowed (General provisions (no express prohibiti)

Architectural approval

Architectural Committee approval required for any Improvements, alterations, changes to exterior appearance (Section 9.2, 9.5)

Signs & flags

Subject to Architectural Committee approval (Article 9); specific sign rules not provided in text (Article 9)

Use restrictions

Residential Units for residential purposes; Live/Work Units for combined live and professional office; Commercial Units for commercial purposes (Section 7.1, 7.2, 2.70, 2.46, 2.19)

Voting & meetings

One vote per Condominium (Member votes proportionally?) (Section 5.2)

Amendments

Before first sale: Declarant may amend unilaterally; after first sale: amendment requires Owner vote (and possibly mortgagee approval) per Section 15.2 (Section 15.1, 15.2)

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