Villa Martinique Homeowners Association

Key facts from Villa Martinique Homeowners Association's documents

Units / lots

440 (Recital A)

Governing law

California Civil Code Section 1351(f) (Recital A; Article I, definition 8)

Assessments & dues

Board determines operating budget annually, including reserves; regular assessment per unit = budget minus surplus divided equally per unit (by number of Living Units owned) (Article IV, paragraphs 3, 7)

Special assessments

Allowed for capital improvements and unallocated taxes; requires approval by vote or written assent (two-thirds of Members and two-thirds of non-Declarant Members for borrowing; 75% for other purposes) (Article IV, paragraph 4; Article II, par)

Collections & liens

Regular and special assessments become lien upon recordation of Notice of Delinquent Assessment; may be foreclosed by sale under power of sale per California Civil Code Sections 2924-2924(h) (Article IV, paragraphs 9, 11)

Reserves & fees

Required reserve fund for periodic maintenance, repair, replacement of Common Elements (Article IV, paragraph 3; Article V, para)

Pets

Yes, up to two usual and ordinary small household pets per Condominium (Article VII, paragraph 5)

Leasing & rentals

Yes, with restrictions (Article VII, paragraph 8)

Parking & vehicles

Commercial vehicles restricted; sedans, standard pickup trucks or vans for combined business/personal use allowed if signs unobtrusive (Article VII, paragraph 3)

Architectural approval

Yes; Architectural Committee must approve any structure, improvement, or alteration outside boundaries of Living Unit (Article VII, paragraph 9; Article IX)

Home business

Home office for legal businesses conducted without disturbing others allowed, or as approved by Board (Article VII, paragraph 1)

Maintenance

Association maintains roofs (Article V, paragraph 5)

Insurance

Association required to maintain fidelity bond, D&O insurance, workers' compensation, and other policies as deemed necessary (Article V, paragraph 1.f)

Use restrictions

Yes, except home office or sales activities as permitted (Article VII, paragraph 1)

Voting & meetings

Class A Members (all Owners except Original Declarant after conversion); each Condominium entitled to one vote (Article III, paragraph 4.a)

Amendments

Requires instrument in writing signed by at least 75% of total voting power of Association and at least 75% of voting power of Members other than Original Declarant (Article VIII, paragraph 3)

Amenities

Recreation building, two tennis courts, swimming pool, whirlpool spa, several tot lots (Article II, paragraph 1.c)

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