Pepperdine University HOA

Key facts from Pepperdine University HOA's documents

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

Community type

Condominium (common interest development) (Recitals: 'The Property is a common inte)

Units / lots

63 (57 Baxter Units and 6 Tiner Units) (Article II Section 1: 'The Project consi)

Developer / declarant

Pepperdine University, a California nonprofit public benefit corporation (Opening paragraphs and Article I Section)

Governing law

California Civil Code (Sections 783, 1350 et seq., 1351, 1359, 1366, 1363.03-1363.09, etc.) (Throughout document, e.g., Article I Sec)

Assessments & dues

Board prepares budget and levies regular assessments against each unit (Article VII Sections 2-3)

Special assessments

Allowed for capital improvements, reconstruction, extraordinary actions; may also include fines (Article I Section 4(c); Article VII Sect)

Collections & liens

Assessment liens may be recorded; foreclosure sale authorized after dispute resolution and notice (Article VII Sections 11, 13, 18)

Reserves & fees

Board shall establish reserves for repair and replacement of common area elements (Article I Section 14 (Common Expenses in)

Pets

Yes, subject to rules; 'Maintenance of Animals' section (Article XII Section 12: 'Maintenance of )

Leasing & rentals

Yes, subleasing permitted subject to limitations (Article XIV) (Article XIV Section 6: 'Subleasing of Un)

Architectural approval

Yes, Architectural Review Committee approval required for exterior modifications (Article I Section 1 (Architectural Revie)

Home business

Commercial activity prohibited unless approved by Board (Article XII Section 5: 'Commercial Activ)

Signs & flags

Signs restricted; Section 6 of Article XII addresses signs (Table of Contents: Article XII Section 6)

Maintenance

Association responsible for exterior maintenance including roofs (Article VI Section 19: 'Exterior Mainten)

Insurance

Association required to carry property and liability insurance on common area and improvements (Article X Section 1)

Use restrictions

Units shall be used for private dwelling purposes only (Article XII Section 1: 'Private Dwelling)

Voting & meetings

One vote per unit; Class A membership; cumulative voting allowed; Declarant has one vote per unit owned (Article IV Sections 1, 2, 5)

Amendments

Requires vote of at least two-thirds (2/3) of the voting power of Members, plus Declarant and Association execution (Recital D; Article XVII Section 1)

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