Tourmaline Terrace Homeowners Association

Key facts from Tourmaline Terrace Homeowners Association's documents

Reflects the 1999 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble B)

Legal name

TOURMALINE TERRACE HOMEOWNERS ASSOCIATION (Article I, Section 1.03)

Governing law

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

Assessments & dues

Not fixed; initially set by budget per Exhibit B, thereafter determined by Board each fiscal year. (Article IV, Section 4.03(a) and 4.04)

Special assessments

May be levied at any time; aggregate exceeding 5% of budgeted gross expenses requires owner approval (majority of quorum), except for emergency situations defined. (Article IV, Section 4.03(b) and 4.04)

Collections & liens

Assessment lien recorded, enforceable by nonjudicial foreclosure; lien subordinated to first mortgages recorded before assessment due. (Article IV, Sections 4.01, 4.12)

Reserves & fees

Board shall annually fix amount for reserves; trust accounts required separating reserves from operating funds. (Article IV, Sections 4.06 and 4.07)

Pets

Yes (Article V, Section 5.06)

Home business

Owner residing may use part of Unit as office with desk, business telephone, and business address, provided limited client visits/deliveries and no interference with other Owners. (Article V, Section 5.01)

Signs & flags

Only one sign of customary dimensions advertising for sale/lease allowed; other signs require Board approval. Must conform to city/county ordinances. (Article V, Section 5.05)

Use restrictions

Condominiums used only for residential purposes; exceptions: Declarant may use as model/sales office until last unit sold or 3 years from first sale; limited home office allowed for Owner residing. (Article V, Section 5.01)

Voting & meetings

Two classes: Class A (all Owners except Declarant, one vote per Unit), Class B (Declarant, triple votes per Unit owned). Class B ceases when Class A votes equal Class B (tripled) or on second anniversary of first conveyance. (Article III, 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.