The Plaza at Carroll Centre Owners Association

Key facts from The Plaza at Carroll Centre Owners Association's documents

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

Community type

condominium (Recital B: 'Condominium known as The Pla)

Developer / declarant

Jutland Investments, LLC (First paragraph of Declaration)

Governing law

California Civil Code sections 1351(f), 1468, 1469, 1470 (Recitals B and F)

Assessments & dues

Board estimates net charges for fiscal year, including provisions for contingencies, replacements, and reserves; adjustments for expected income and surplus (Section 4.3)

Special assessments

Board may levy special assessment for additional costs, construction, unexpected repairs, or replacements of capital improvements (Section 4.4)

Collections & liens

Delinquent assessment becomes lien via recorded Notice; enforced by judicial or nonjudicial foreclosure; monetary penalties cannot be enforced by nonjudicial foreclosure (Sections 4.17, 4.12)

Reserves & fees

Provision for contingencies, replacements, and reserves included in regular assessment budget (Section 4.3)

Leasing & rentals

Owner may lease Suites to Occupants (Recital F, Section 5.15)

Architectural approval

Prior approval required for changes to Suites and Common Area; subject to Architectural Rules (Article 7, Sections 7.1, 7.2)

Signs & flags

Association may specify type of Suite signs, purchase and install at Owner's expense (Sections 3.5.13, 5.20)

Insurance

Fire and casualty, general liability, directors and officers liability, fidelity coverage (Sections 9.1, 9.2, 9.3, 9.4)

Voting & meetings

Each Suite assigned votes per Exhibit C (Section 3.4)

Amendments

Owner approval by majority of Voting Power; Board may amend certain provisions without owner vote (Sections 14.1, 14.2)

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