The Village in University Heights Homeowners Association

Key facts from The Village in University Heights Homeowners Association's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Homeowners Association (THE VILLAGE IN UNIVERSITY HEIGHTS HOMEOWNERS ASSOCIATION) (Section 1.03)

Units / lots

15 (inferred from 1/15th fractional interest) (Sections 1.09, 2.02(b))

Developer / declarant

Madison-Campus 92116, LLC (First page and Section 1.15)

Governing law

California Common Interest Development Act (Civil Code Section 1350 et seq.) (Preamble B)

Assessments & dues

Board of Directors sets annual assessment; initially based on budget approved by Department of Real Estate (Exhibit B); after first year, annual increase limited to 20% without owner approval; special assessments limited to 5% of budgeted g (Sections 4.03, 4.04)

Collections & liens

Yes, after notice and opportunity to dispute; non-judicial foreclosure allowed; lien subordinate to first mortgage recorded before assessment due (Section 4.12)

Reserves & fees

Required separate trust accounts for reserves and operating; Board fixes amount for reserves (Sections 4.06, 4.07)

Maintenance

Association maintains Common Area; Owner responsible for repairs caused by own negligence; Owner responsible for Exclusive Use Common Area (patios, etc.) (Section 3.05(a) and Section 2.03)

Voting & meetings

Two classes: Class A (owners) one vote per unit; Class B (Declarant) three votes per unit; conversion when Class A votes equal Class B (tripled) or second anniversary of first conveyance (Section 3.04)

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