850 Corbett Avenue Owners Association

Key facts from 850 Corbett Avenue Owners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

850 Corbett Avenue Owners Association

Developer / declarant

Not explicitly named but referred to as "Declarant" throughout; likely the original developer/owner of the property. (Recitals (Page 1); Sections 3.4, 7.1, 10)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Sections 783 and 1351 et seq.) (Recitals (Page 1) and Section 1.13 (Page)

Assessments & dues

Set by Board annually; not specified in dollar amount. First Annual Assessment commences first day of month following conveyance of first Condominium (Section 4.8). (Section 4.3 (Page 12), Section 4.8 (Page)

Special assessments

Board may levy Special Assessments for: (1) emergency, (2) extraordinary expense not foreseen, (3) court judgment, (4) insurance deductible surcharge. Requires a resolution with findings. Aggregate in fiscal year limited to 5% of budgeted g (Section 4.4 (Page 13), Section 4.10 (Pag)

Collections & liens

Association has a lien on each Condominium for unpaid assessments, late charges, interest, costs, attorneys' fees. Lien may be recorded after notice and opportunity to dispute. Foreclosure must follow Civil Code Section 1367 (now 5675) proc (Section 4.14 (Page 15); Section 8.1 (Pag)

Reserves & fees

Association shall maintain a reserve fund for major components with useful life <30 years. Study required at least once every 3 years. Board must review quarterly and adjust. Transfers from reserve allowed only with written finding and repa (Section 5.6 (Pages 20-22))

Pets

Yes, limited: fish, two (2) domestic dogs or cats allowed if not for commercial purposes. No other animals, birds, livestock, poultry, reptiles, rodents, etc. (Section 7.5). (Section 7.5 (Page 25-26))

Leasing & rentals

Yes, with restrictions: no transient or hotel purposes (rental less than 30 days). Lease must be for entire Condominium. Owner must provide tenant with copy of Declaration, Bylaws, Rules. Lease does not relieve Owner of assessment obligatio (Section 7.6 (Page 26))

Parking & vehicles

Standard pickup truck or standard size van permitted; commercial markings must be unobtrusive as determined by Board (Section 7.3). (Section 7.3 (Page 25))

Architectural approval

Yes, Architectural Control Committee (or Board) must approve in writing any building, fence, wall, structure, alteration, painting, etc. (Section 7.7). Also for awnings, antennas, etc. (Section 7.8, 7.18). (Section 7.7 (Page 26-27); Section 7.8 (P)

Maintenance

Association provides structural repair and waterproofing of each Roof Deck (Section 5.1). (Section 5.1 (Page 10): "provide structur)

Insurance

May be subject to a deductible or self-insured retention as Board deems prudent (Section 9.1). (Section 9.1 (Page 36): "Each such policy)

Use restrictions

Units shall be used for residential purposes only, except Declarant may use for sales office, etc. (Section 7.1 (Page 24))

Voting & meetings

Class A: One vote per Condominium owned (owned by non-Declarant). Class B: Declarant gets three votes per Condominium owned. Class B ceases when Class A votes equal Class B votes. Voting rights vest when Assessments levied or under a subsid (Section 3.4 (Pages 8-9))

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