Palermo Owners Association

Key facts from Palermo Owners Association's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble B)

Legal name

Palermo Owners Association (Section 1.03)

Governing law

California Common Interest Development Act (Civil Code Section 1350 et seq.) (Preamble B)

Reserves & fees

Board shall annually fix amount for reserves; trust accounts separate operating and capital reserves (Sections 4.06, 4.07)

Pets

Yes, up to 2 usual household pets (dogs, cats, caged birds; fish in up to 2 aquariums) (Section 5.06)

Leasing & rentals

Yes (Section 5.09 listed in Table of Contents; text not provided but provision exists) (Table of Contents, Article V item 5.09)

Parking & vehicles

Not allowed to remain on Project except temporarily or in enclosed parking with Board approval (Section 5.04)

Architectural approval

Yes, for modifications; Architectural Control Committee established (Section 5.14)

Signs & flags

One sign of customary size advertising sale/lease per Unit; otherwise Board approval required (Section 5.05)

Use restrictions

Yes (Section 5.01)

Voting & meetings

Three classes: Class A (Owner, 1 vote per unit), Class B (Declarant, can triple votes until conversion), Class C (Declarant, elects majority of Board until first annual meeting) (Section 3.04)

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