Diamond Head Villas Inc

Key facts from Diamond Head Villas Inc's documents

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

Community type

Condominium

Legal name

Diamond Head Villas, Inc. (Section 1.4)

Developer / declarant

Albros Development, Inc. (Section 1.11)

Governing law

Nevada Uniform Common Interest Ownership Act, Chapter 116 of Nevada Revised Statutes (NRS 116); also defined as N.R.S. Chapter 117 in section 1.1 (Recitals and Section 1.1)

Special assessments

May be levied upon vote or written consent of a majority of total voting power. Not required if the special assessment does not exceed 5% of budgeted gross expenses for that assessment year. (Section 9.5)

Reserves & fees

Association shall establish an adequate reserve, funded on a reasonable basis, for repair, replacement, restoration of major components of common elements. Reserve may only be used for those purposes and not for daily maintenance. Withdrawa (Section 9.11)

Pets

Reasonable number of contained domestic animals such as fish and birds, and one dog or one cat may be kept as household pets in any unit. No animals shall be raised, bred or kept for commercial purposes. (Section 7.6(a))

Leasing & rentals

Owners may lease or rent their units, subject to restrictions. (Section 4.7(b))

Use restrictions

Units shall be used as a residence for a single family and for no other purpose. No business, commercial, manufacturing, mercantile, or nonresidential use is permitted. (Section 7.1)

Voting & meetings

Each Member has one vote per lot. When more than one person holds an ownership interest, only one vote per condominium is cast, determined by the members holding a majority interest in that condominium. (Section 8.3)

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