Grossmont Terrace Condominium Owners Association

Key facts from Grossmont Terrace Condominium Owners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Recitals D: "Common Interest Subdivision)

Legal name

Grossmont Terrace Condominium Owners Association

Management

Professional HOA Consultants, Inc.

Governing law

California Civil Code, Davis-Stirling Common Interest Subdivision Act (Recitals D: "Davis-Stirling Common Inter)

Assessments & dues

Board determines and fixes Annual Assessment; budget preparation and distribution required at least 30 days before fiscal year (Article IV Sections 4.3, 4.3.1)

Special assessments

Board may levy Special Assessment for capital improvements or extraordinary expenses (Article IV Section 4.4)

Collections & liens

Association may record lien; foreclosure procedures require notice, dispute resolution offer, board vote; nonjudicial foreclosure with 90-day redemption period (Article IV Sections 4.10, 4.11)

Reserves & fees

Board shall fix contributions to reserve; separate account; reserve study every 3 years if replacement value >= 1/2 of gross budget (Sections 4.3.2, 5.2.7)

Leasing & rentals

30 days (Article II Section 2.12: "not less than )

Use restrictions

No hotel or transient use; minimum lease term 30 days (Article II Section 2.12: "There shall be)

Voting & meetings

One vote per Condominium; one class of membership (Article III Section 3.4: "Each Condomini)

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