Magnolia Walk Homeowners Association

Key facts from Magnolia Walk Homeowners Association's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Magnolia Walk Homeowners Association

Developer / declarant

Highland Investments LLC

Governing law

California Civil Code (including sections 4125, 5600, 5650, 5720, 5975, 4340, 4705, 4710, 4725, 4751, 4765, 5800, 5805) (Throughout document, citing various Civi)

Assessments & dues

Board may levy Regular and Special Assessments at a uniform rate for all Condominiums. Each Condominium pays pro rata share (1 / total number of Condominiums). (Sections 6.03, 6.04)

Special assessments

Permitted for extraordinary or capital expenses, including Compliance Assessments. Emergency Assessments also allowed for certain extraordinary expenses. (Definitions: Special Assessments; Sectio)

Collections & liens

Delinquent Assessments become a continuing lien on Condominium when Notice of Delinquent Assessment recorded. Association may foreclose by power of sale per Civil Code 2924-2924h. Compliance Assessments (disciplinary) cannot become lien enf (Section 6.05(b), (c), (d))

Reserves & fees

Required; a portion of Regular Assessments must go toward reserve fund for major maintenance, repairs, replacements. Board cannot use reserves for other purposes. (Section 6.07)

Pets

Maximum 2 domesticated pets per Unit; also small pets (birds, hamsters, fish, turtles) in cages/aquariums, not bred commercially. Board may adopt rules on size, weight, number. (Section 3.07(a), (b))

Leasing & rentals

Yes, with conditions: written agreement, subject to Governing Documents, copy of Declaration to tenant, names/telephone numbers to Board. No short-term vacation rentals/transient purposes. Owner responsible for occupant compliance. Associat (Section 3.01(b))

Architectural approval

Yes, for any Improvements visible from exterior (except Declarant or normal maintenance). Architectural Committee approval required. (Section 7.03(a))

Home business

Allowed if it does not interfere with residential nature or quiet enjoyment, complies with laws, and has no external evidence (e.g., unreasonable visitors, sound, smell). (Section 3.01(c))

Signs & flags

For sale/lease signs: allowed with Board approval as to size, format, location, subject to Civil Code 712, 713. Non-commercial flags allowed per Civil Code 4705, 4710. No other signs visible outside Unit without prior written Board consent. (Section 3.06)

Use restrictions

Unit may be used only for single Family dwelling. (Section 3.01(a))

Voting & meetings

Class A (owners): 1 vote per Condominium; Class B (Declarant): 3 votes per Condominium owned. Co-owners vote as a single unit; if cannot agree, vote forfeited. Voting rights suspended if assessments delinquent >45 days. (Article IV, Sections 4.03, 4.04, 4.05)

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