380 14th Street Owners Association

Key facts from 380 14th Street Owners Association's documents

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

Community type

Condominium

Legal name

380 14TH Street Owners Association

Developer / declarant

Not named; referred to as 'Declarant' who is the Owner of the Property described in Exhibit A (Recitals, page 3)

Governing law

Davis-Stirling Common Interest Development Act, Title 6, Part 4, Division 2 of the Civil Code (Condominium Plan, General Note 1 (page 4)

Assessments & dues

Regular Annual Assessments are set by the Association based on the approved operating budget (Section 3.8, 5.1A). Special Assessments are levied to defray extraordinary expenses. (Sections 3.8 and 5.1A (pages 8, 16))

Special assessments

Allowed; can be levied at any time during fiscal year to defray extraordinary expenses, including construction, reconstruction, repairs, or replacement of portions of the Property. (Section 5.1B (page 16))

Collections & liens

The Association may record a lien against a Condominium for unpaid assessments after 30 days notice. Prior to recording a lien, the Association must meet with owner to discuss payment plan if assessment is $1,800 or more (exclusive of accel (Sections 5.3D, 5.3E, 5.3F (pages 18-20))

Reserves & fees

The Association shall deposit operating and reserve funds in segregated accounts. Reserve funds require two (2) Owner signatures for withdrawal. Reserve funds may be transferred to operating account for short-term cash flow if notice is giv (Sections 3.9, 3.10 (pages 9-11))

Pets

Yes; dogs, cats, fish, birds, rodents and reptiles inside cages may be kept. (Section 7.4 (page 25))

Leasing & rentals

An Owner may lease his/her Condominium provided the lease is in writing and made subject to the Governing Documents, and the lease provides that the occupant(s) are bound. (Section 7.6 (page 25))

Architectural approval

Yes, for any alteration to a Unit that affects the exterior appearance or structural integrity, or any alteration to Common Area. Exceptions for minor interior alterations that do not impair structural integrity or mechanical systems, and c (Sections 6.3, 6.4, 6.5 (pages 21-23))

Home business

Allowed as described in residential_use_only (professional/administrative office only, no external evidence, no clients on premises). (Section 7.1 (page 24))

Signs & flags

Display of (i) non-commercial signs, posters, flags or banners which the Association is required by law to permit, and (ii) 'For Sale' or 'For Rent' signs are allowed. (Section 6.5A (page 23))

Maintenance

Each Owner is responsible for maintaining, repairing, and replacing all elements of his/her Unit and of his/her Exclusive Use Common Area. The Association is responsible for maintaining, repairing, and replacing all Common Area not assigned (Sections 6.1, 6.2 (pages 20-21))

Insurance

The Association shall obtain fire and casualty insurance providing multi-peril coverage for all insurable improvements which the Association is obligated to repair, and for all Association-owned personal property, at full current replacemen (Section 8.3 (page 26))

Use restrictions

The Property shall be used for residential purposes except that an Occupant may engage in a professional or administrative office use if: (i) there is no external evidence of business activity, (ii) no clients on the premises, (iii) complia (Section 7.1 (page 24))

Voting & meetings

Each Unit has one vote. If a vote is cast on behalf of a Unit, it is conclusively presumed correct. Co-owners may only cast one vote; if unable to agree, the vote is not counted. Abstentions allowed. Except as otherwise provided, majority o (Section 4.2B (page 14))

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