Silver Strand Gardens Condominium Association

Key facts from Silver Strand Gardens Condominium Association's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Preamble, Recital D (Page 7): 'Common In)

Legal name

Silver Strand Gardens Condominium Association

Management

Property Management Consultants

Governing law

Davis-Stirling Common Interest Subdivision Act (California Civil Code Section 1350, et seq.) (Preamble, Recital D (Page 7))

Assessments & dues

Board of Governors estimates total common expenses for fiscal year, prepares budget, and fixes annual assessment. (Article IV, Section 4.3.1 (Page 12): 'th)

Special assessments

Allowed for capital improvements or extraordinary expenses; if aggregate exceeds 5% of budgeted gross expenses, requires majority of voting members. (Article IV, Section 4.4.1 (Page 14): 'Sp)

Collections & liens

Annual and Special assessments constitute a lien on the unit; association may record notice of delinquent assessment and enforce by judicial sale or nonjudicial foreclosure under California Civil Code sections 2924 et seq. (Article IV, Sections 4.1, 4.8 (Pages 12,)

Reserves & fees

Separate reserve account required; funds for capital improvements and replacements. Temporary transfers to operating fund allowed subject to state law. (Article IV, Section 4.4.2 (Page 14); Art)

Pets

Only caged birds or other domestic pets approved by Board. No livestock, poultry, or animals for commercial purposes. (Article VII, Section 7.10 (Page 27))

Leasing & rentals

Yes. (Article II, Section 2.10 (Page 8): 'An O)

Architectural approval

Committee must approve or disapprove within 45 days of submission; if no action, owner may give written notice to Board; Board has 30 additional days, after which plans deemed approved. (Article VIII, Section 8.3 (Page 29-30))

Home business

Not allowed; commercial use prohibited. (Article VII, Section 7.5 (Page 26): 'No )

Insurance

Casualty policy on full replacement value, comprehensive public liability, workers compensation, officers and governors liability, fidelity bond. (Article IX, Section 9.1 (Page 32))

Use restrictions

Each Unit shall be used as a single family residence and for no other purpose. (Article VII, Section 7.1 (Page 26))

Voting & meetings

One vote per condominium; multiple owners exercise one vote jointly; if joint owners cannot agree, they lose the vote. (Article III, Section 3.4 and 3.5 (Pages )

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