Iroquois Townhomes Homeowners Association

Key facts from Iroquois Townhomes Homeowners Association's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Iroquois Townhomes Homeowners Association

Developer / declarant

BAO DI CORP.

Governing law

Common Interest Development Act of the State of California (Civil Code Section 1350, et seq.) (Preamble B)

Assessments & dues

Board establishes annual assessment based on estimated needs for each fiscal year (Article IV, 4.03(a))

Special assessments

Board may levy special assessment for unexpected costs, capital improvements, etc. Limited to aggregate 5% of budgeted gross expenses without owner approval (majority of quorum), except for emergencies. (Article IV, 4.03(b), 4.04)

Reserves & fees

Not exceeding 10% of delinquent assessment or $10.00, whichever greater (Article IV, 4.10(b))

Voting & meetings

Two classes: Class A (all owners except Declarant, 1 vote per unit); Class B (Declarant, can triple votes per unit). Class B converts to Class A when Class A votes equal Class B (tripled) or on second anniversary of first conveyance, whiche (Article III, 3.04)

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