Tse Marconi Owners Association

Key facts from Tse Marconi Owners Association's documents

Community type

Condominium (Recital B and Article 1 definitions)

Legal name

TSE Marconi Owners Association (Recital C and Section 1.6)

Developer / declarant

TSE Marconi, LLC, a Delaware limited liability company (First page of Declaration and Recital in)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Section 1350 et seq.) (Recital B)

Special assessments

May be levied for purposes designated in Governing Documents. (Section 1.5.4 and 8.5)

Reserves & fees

Reasonable reserves as deemed appropriate by Board or required by Governing Documents or law. (Section 1.15(f) (Common Expenses include)

Leasing & rentals

Article 6 includes a section on LEASING (Section 6.12); text not extracted but lease rights are addressed. (Table of Contents (Article 6 includes 6.)

Insurance

Owners required to maintain insurance for their Units and improvements, per Section 9.2. (Section 9.2 (Owners' Insurance Obligatio)

Voting & meetings

Each Owner (Class A Member) has one vote per Unit owned. Declarant has Class B board appointment right (not a voting power) until no longer owns any Unit. (Sections 3.3.1, 3.3.2, 3.4)

Amendments

Amendment requires approval by Majority of Voting Power and recordation; subject to Declarant consent while Declarant owns Units. (Section 15.3)

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