260-262-264 Clara Street Homeowners' Association

Key facts from 260-262-264 Clara Street Homeowners' Association's documents

Reflects the 2014 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Developer / declarant

P & SDS Properties II, LLC, a California limited liability company (Section 1.13)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code) (provisions of the Davis-Stirling Common )

Assessments & dues

Set by Board annually; not fixed in declaration (Section 4.3(a): 'Board shall set and lev)

Special assessments

Board may levy Special Assessment when funds inadequate for common expenses; subject to limitations in Section 4.6 (Section 4.4)

Collections & liens

Assessments are a continuing lien; may be enforced by judicial or nonjudicial sale; nonjudicial foreclosure allowed if delinquent amount is $1,800 or more and more than 12 months delinquent (Sections 4.15, 4.16)

Reserves & fees

Required; funds must be accounted for separately; may be temporarily transferred to operating fund with written finding and repayment within one year (Section 4.3(a)-(d))

Pets

Yes; no more than two domesticated birds, cats, or other pets kept within aquarium (Section 7.4)

Leasing & rentals

Yes, entire Unit only (Section 7.7(a): 'Owners shall be entitle)

Parking & vehicles

Exclusive Use Common Area parking spaces designated on Plan: P-A, P-B, P-C (Section 2.6, Sheet 7)

Architectural approval

Yes for any building, fence, wall, screen, patio, awning, alteration, or exterior change (Section 7.10(a))

Signs & flags

One 'For Sale' sign allowed; noncommercial signs nine square feet or less; flags fifteen square feet or less (Section 7.1)

Maintenance

Association responsible (roof is part of Common Area) (Section 1.6 includes 'roofs' in Common A)

Insurance

Fire and casualty on Common Area; commercial general liability ($2M per occurrence); commercial blanket fidelity insurance; flood insurance if in special hazard area; earthquake insurance if Members vote; errors and omissions insurance for (Section 5.1(b))

Use restrictions

Yes; no Condominium shall be used except for residential purposes (Section 7.1)

Voting & meetings

One vote per Unit; co-owners jointly cast one vote (Section 3.4: 'Each Unit shall be entitle)

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