Rancho Vista

Key facts from Rancho Vista's documents

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

Community type

Covenant / Planned Community

Legal name

Rancho Vista Owners Association, Inc. (Section 1.4)

Developer / declarant

PAC NB Office Partners, LLC

Assessments & dues

Board estimates annual expenses, creates written budget, and levies assessments in proportion to square footage of building on each Lot relative to total square footage of all buildings. Declarant determines square footage during Declarant (Section 5.1(A) and 5.3)

Special assessments

Permitted; Board may levy special assessments when necessary to carry out mandatory functions; amount at Board's reasonable discretion (Section 5.4)

Collections & liens

Unpaid assessments become a continuing lien on the Lot, superior to all other liens except property taxes and first mortgages. Association may foreclose judicially or non-judicially and bid on the property. (Section 5.7)

Reserves & fees

Maintenance fund established; all monies paid to Association deposited and used solely for authorized purposes; includes provision for contingencies and replacement reserves in budget (Section 5.2, 5.3)

Architectural approval

Yes, prior written approval required for any improvement, alteration of exterior appearance, or removal (Section 3.1)

Signs & flags

Only non-lighted, raised letter signage permitted on exterior of any building; no lighted signs allowed. (Section 3.12)

Insurance

Association may obtain liability insurance for Common Areas; amount as Board deems appropriate. (Section 4.6(D))

Use restrictions

Prohibited. Any residential use including hotels, living quarters, sleeping apartments, lodging facilities is prohibited. (Section 3.13(e))

Voting & meetings

Each Owner is entitled to one vote for each Lot owned, except Owner of Lot 6 is entitled to two votes (Section 4.3)

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