Saranac Villas Homeowners Association

Key facts from Saranac Villas Homeowners Association's documents

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

Community type

condominium (Preamble B)

Developer / declarant

7003 SARANAC STREET, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY (Declarant)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code) (Preamble B)

Assessments & dues

Set by Board; initial amount in Budget attached as Exhibit A (text not provided); assessed equally per Condominium (Section 5.4(a), Section 5.5)

Special assessments

Board may levy Special Assessment for corrective action, fines, or other charges directly attributable to an Owner (Section 1.6)

Collections & liens

Association may record lien on Owner's separate interest for delinquent assessments after notice and itemized statement (Section 5.1, Section 5.10 (referenced))

Reserves & fees

Required Reserve Fund for capital improvements, replacements, painting, repairs, and insurance deductibles (Section 5.2)

Leasing & rentals

Yes, with delegation of membership rights to tenant/contract purchaser; Owner remains liable for assessments until fee title transferred (Section 2.3, Section 3.5)

Architectural approval

Yes, for any construction, alteration, removal, relocation, demolition, repainting (unless identical color), addition, installation, modification, decoration, or reconstruction (Section 4.2)

Home business

Prohibited (Business or Commercial Activity) (Section 7.8 (title only, but listed in T)

Signs & flags

Restricted (Section 7.4 title) (Section 7.4)

Use restrictions

Each Residence intended for use by a single Family (Section 1.39)

Voting & meetings

Two classes: Class A (all Owners except Declarant) one vote per Condominium; Class B (Declarant) three votes per Condominium until conversion (Section 2.4, 2.5)

Amendments

Article 12 (Duration and Amendment) exists but details not in excerpt (Article 12)

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