The Colony at Lake San Marcos Homeowners Association

Key facts from The Colony at Lake San Marcos Homeowners Association's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals B (Page 3): 'Condominium Projec)

Legal name

The Colony at Lake San Marcos Homeowners Association

Units / lots

123 (Recital B, Page 3: 'one hundred twenty t)

Governing law

California Civil Code (sections 1351, 1354, 1355, 1357.130, 1360, 1363(c), 1363.07, 1364(f), 1365, 1366, 1367, 1367.1, 1367.4, 1368, 1359, 2924b) (Multiple citations throughout the declar)

Assessments & dues

Each Unit bears an equal share of the total regular assessment, estimated annually (Section 4.3, Page 14: 'Each Unit shall b)

Special assessments

Allowed; subject to limitations in 4.5; may be in lump sum or installments (Section 4.4, Page 14)

Collections & liens

Yes; Notice of Assessment Lien may be recorded and enforced by judicial or nonjudicial foreclosure; monetary penalties cannot be enforced by nonjudicial foreclosure (Sections 4.13, 4.14, Pages 16-17)

Reserves & fees

Regular assessments include provision for reserves (Section 4.3, Page 14: 'provision for ...)

Leasing & rentals

Yes (Section 5.11 exists) (Table of Contents, Page 4: '5.11 Leasing)

Architectural approval

Yes; all changes requiring prior approval under Article 7 (Section 7.2, Page 30: 'General Changes R)

Home business

Allowed with prior written Board approval; minimal external evidence; incidental; no regular employees/invitees; conform to law (Section 5.5, Page 20)

Maintenance

Association maintains Common Area and items on Exhibit B; Owners maintain Units, Exclusive Use Common Areas, and improvements they make (Sections 6.1, 6.2, 5.28, Page 26)

Insurance

Fire and casualty (8.1), general liability (8.2), D&O liability (8.3), fidelity (8.4), other as determined (8.5) (Article 8, Pages 37-40)

Use restrictions

Yes; no time share; primary residence (Section 5.5, Page 20: 'Units shall be us)

Voting & meetings

One vote per Unit (Section 3.4, Page 11: 'each Unit shall b)

Amendments

Owner approval of 75% voting power for most amendments; Board may amend to comply with lender requirements by majority vote with notice and 20% owner veto; certain amendments require lender approval (Article 13, Pages 47-50; Recitals D,E (P)

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