Promenade Square Homeowners Association

Key facts from Promenade Square Homeowners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Promenade Square Homeowners Association

Developer / declarant

PROMENADE SQUARE, LLC.

Governing law

Davis-Stirling Common Interest Development Act (Recital E)

Assessments & dues

Initial regular assessment as set forth in Final Public Report issued by Department of Real Estate (Art IV(3))

Special assessments

May be levied for capital improvements, corrective actions, emergency needs; if exceeding 5% of annual budget, requires 51% vote of members other than Declarant; also emergency increases per Civil Code §1366 (Art IV(4) and Art IV(10))

Collections & liens

Assessment constitutes a lien on the Lot; Association may foreclose after 30 days notice recorded and mailed; foreclosure sale per Civil Code Sections 2924, 2924(b), 2924(c); Association may bid; personal obligation also exists (Article V)

Reserves & fees

Required; temporary transfers allowed from Reserve to Operating account; must restore within 1 year unless Board finds delay in best interest; if necessary, levy special assessment to recover within 1 year (Art IV(13))

Pets

Yes, one usual and ordinary household pet (exclusive of caged birds or fish) without written consent; more allowed with consent; no other animals, bees, livestock, birds, poultry; pets not allowed on Common Area except as permitted by Board (Art VI(4))

Leasing & rentals

Yes, with written lease that binds tenant to Declaration, Bylaws, and rules (Art VI(2))

Parking & vehicles

Prohibited except in locations designated for parking (Art VI(11)(d): "There shall be no parkin)

Fences

Yard Area fenced by Declarant; Owner maintains fence; painting requires Board approval; no fences, hedges, or walls except as initially built or as provided by Board (Art VI(15) and Art VI(10))

Architectural approval

Yes, for any building, fence, wall, structure, exterior addition/change, painting, or other alteration; plans and specifications must be submitted to Board for approval (Art VIII and Art VI(8))

Signs & flags

Only one sign of customary dimensions advertising Lot for sale/rent/lease permitted with Board permission; must conform to govt ordinances; Declarant may install signs during sales period; no signs on Common Area except by Board authority (Art VI(6))

Maintenance

Owner (Art VII: "The Owner's responsibility sha)

Insurance

Comprehensive public liability insurance ($1M death/injury per occurrence, $50K property damage); fire and loss insurance on Common Area buildings and personal property at maximum insurable replacement value (Art X(1) and (2))

Use restrictions

Each Lot shall be improved, used and occupied for private single-family dwelling purposes only; no commercial use except Declarant's sales office until all lots sold (not longer than 1 year from first sale) (Art VI(1))

Voting & meetings

Each Owner entitled to one vote per Lot; if multiple owners, they determine how vote is cast, but no more than one vote per Lot (Art II(3))

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