Ascot Park Meadows Homeowners Association

Key facts from Ascot Park Meadows Homeowners Association's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Ascot Park Meadows Homeowners Association

Governing law

California Civil Code (sections 783, 1351, 1363, 1367, 2924; Nonprofit Mutual Benefit Corporation Law) (Article I Sections 4, 10, 12; Article V )

Assessments & dues

Board adopts annual budget; Regular Assessment based on estimated expenses; increase limited to 20% over prior year without member vote (except emergencies) (Article V Section 3(A)-(B))

Special assessments

May be levied for capital improvements or other purposes; aggregate in any fiscal year cannot exceed 5% of budgeted gross expenses without member vote (majority quorum) (Article V Section 4)

Collections & liens

Assessments (including late fees, interest, costs, attorneys' fees) are a continuing lien on the Unit; personal obligation of Owner; lien may be foreclosed in same manner as mortgage on real property or by power of sale under Civil Code §29 (Article V Sections 2, 8, 9, 11)

Reserves & fees

Common Expenses include amounts reasonably necessary for reserves for maintenance, repair and replacement of Common Areas and Common Facilities (Article I Section 9(C))

Pets

Yes, but no more than a reasonable number (exclusive of tropical fish and caged birds); livestock and poultry prohibited; pets must not endanger others or create nuisance; excessive noise or damage grounds for removal on 7 days' notice (Article VI Section 2)

Leasing & rentals

Yes, Owner may lease Unit, Garage and interest in Common Area together, provided lease is in writing and tenant agrees to be bound by Governing Documents; no lease for transient or hotel purposes (less than 30 days or with hotel services) (Article VI Section 1(C); Article VIII)

Architectural approval

Yes, Architectural Control Committee (appointed by Board) or Board itself must approve plans for any structure, exterior addition, change, or alteration; plans must be submitted showing nature, shape, dimensions, materials, location (Article VII Section 3(A))

Home business

Trade or business may be conducted in or from a Residence so long as there is no material impact on the Common Area; business defined broadly (Article VI Section 1(B))

Maintenance

Association responsible for maintenance of Common Area and Common Facilities, and for Unit improvements as per Article X Section 2; Owner responsible for maintenance of Unit interior and Exclusive Use Common Areas as per Article X Section 3 (Article X Sections 1-3)

Use restrictions

Units restricted exclusively to residential use; no Unit may be occupied by more than a single-family (Article VI Section 1(A))

Voting & meetings

One class of membership; each Unit entitled to one vote; quorum for membership votes is majority of Owners (Article II Section 2; Article V Section )

Amendments

Amendments to Declaration permitted; certain amendments require approval of first mortgagees (Article XII Section 2); general amendment procedure not detailed but incorporated from Articles and Bylaws (Article XII)

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