385 10th Street Owners Association

Key facts from 385 10th Street Owners Association's documents

Reflects the 1993 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article I definition of Condominium)

Legal name

385 10th Street Owners Association

Developer / declarant

Gerard Deane, a married man, as his sole and separate property (First paragraph)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Sections 1350-1373) (Recital page)

Assessments & dues

Board estimates expenses for upcoming fiscal year at least 60 days prior, distributes budget to owners, and levies equal monthly assessments. (Article V Section 2)

Special assessments

Board may levy special assessments for capital improvements, deficits, etc. Aggregate in any fiscal year not to exceed 5% of budgeted gross expenses without member vote. For structural rebuilding, based on square footage ratio. (Article V Section 3 and Section 3(a))

Collections & liens

Unpaid assessments become a lien on the unit. Lien may be foreclosed by private power of sale or judicial action. Requires Notice of Assessment Due, 10-day notice before foreclosure suit. (Article V Section 6 and Section 7)

Reserves & fees

Interest at 10% per annum on delinquent assessments. Reasonable late payment penalties may apply. (Article V Section 6, Article IV Section )

Pets

Yes, one household pet per unit (dog, cat, bird, etc.), not for commercial purposes. (Article VII Section 5)

Leasing & rentals

Yes, but not for transient/hotel purposes (rental less than 30 days prohibited). (Article VII Section 8)

Parking & vehicles

Commercial vehicles used for both business and personal use allowed with unobtrusive signs; Board may regulate. (Article VII Section 3)

Architectural approval

Yes, any improvement, alteration, painting, or installation affecting ducts, heating, ventilation, air conditioning, roof, membrane, or structural elements requires written approval of Architectural Control Committee. (Article VIII Section 1)

Maintenance

Association maintains common area (roofs, foundations, pipes, ducts, staircases, etc.). Owner maintains individual water heaters in common area and repairs damage caused by owner/guests. (Article IV Section 1)

Insurance

Association maintains fire/casualty insurance with extended coverage on units and common area, and comprehensive liability insurance with minimum $1,000,000 coverage. (Article IV Section 1)

Voting & meetings

Two classes: Class A (one vote per unit), Class B (Declarant, three votes per unit). Conversion to single class when Class A votes equal or exceed Class B, or 75% units sold. (Article III Section 4)

Amendments

Requires affirmative vote or written assent of 75% of each class of members (or 75% of total after single class) and 75% of votes of members other than Grantor for certain amendments. Amendment must be recorded. (Article XII Section 4)

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