San Miguel III Homeowners Association

Key facts from San Miguel III Homeowners Association's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recital C: 'manage the Property as a res)

Legal name

San Miguel III Homeowners Association

Developer / declarant

FN Projects, Inc., a California corporation (initial Declarant); San Miguel III Homeowners Association is also referred to as Declarant in the preamble (Article I Section 15; Preamble)

Governing law

California Civil Code (Sections 1351, 4185, 4250, 4255, 1366) (Article I Definition of Condominium (Sec)

Assessments & dues

Regular Assessments assessed equally against all Owners; each Owner's share = number of Condominiums owned divided by total Condominiums in Project (Article VI Section 3)

Special assessments

Special Assessments defined; for reconstruction, capital improvements, or extraordinary actions; may be levied for capital improvements exceeding 5% of budgeted gross expenses with majority Owner vote (Article I Section 3(c); Article V Sectio)

Collections & liens

Regular and Special Assessments are a continuing lien upon the Condominium; also personal obligation of Owner at time due; Compliance Assessments are personal obligation (Article VI Section 1)

Reserves & fees

Required; Board must identify reserve moneys from annual budget for future major repair/replacement; withdrawal requires signature of two Board members or one Board member and a non-Board officer (Article V Section 3(j)(4))

Leasing & rentals

Yes; Owner may rent or lease Condominium; automatically delegates use rights to tenant; Owner forfeits use rights during tenancy (Article III Section 3)

Architectural approval

Yes - for installation or replacement of flooring (carpet, hard surface) and for hardwood floors; also for any architectural changes (Architectural Control Committee created per Article X) (First Amendment Section 20; Article I Se)

Maintenance

Association maintains roofs (part of Common Area) (Article II Section 3: 'roofs' included i)

Voting & meetings

Class A Members (all Owners except Declarant) are entitled to one vote per Condominium; if multiple owners, only one vote cast per Condominium (Article IV Section 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.