Park Balboa Homeowners Association

Key facts from Park Balboa Homeowners Association's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (DOC 163672, Art. 1.7: 'Condominium shall)

Legal name

Park Balboa Homeowners Association

Units / lots

10 (Units #1 through #10) (DOC 163588, Plan view and letter referen)

Governing law

California Civil Code §1355 (DOC 163588, Page 1: 'In accordance with )

Assessments & dues

Maximum annual assessment not specified (blank in document: 'DOLLARS ($) per Condominium Unit') (DOC 163672, Art. 6.3: 'the maximum annua)

Special assessments

Up to 5% of budgeted gross expenses without Owner approval; larger assessments require majority vote (51% of each class before Class B conversion, majority of voting power after). Also special assessments for compliance with documents (Boar (DOC 163672, Art. 6.4.1, 6.4.3: 'may levy)

Reserves & fees

Late charge not to exceed 10% of delinquent assessment or $10.00, whichever is greater. (DOC 163672, Art. 6.8.1.2: 'A late charge)

Voting & meetings

Class A Members (all Owners except Declarant): one vote per Condominium owned. Class B Member (Declarant): three votes per Condominium owned until conversion. (DOC 163672, Art. 5.7: 'Class A Members .)

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