Coronado Sherwood Homeowners Association

Key facts from Coronado Sherwood Homeowners Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Project (Recital (C))

Governing law

California Civil Code Sections 4125, 4285, 5300, 5310, 4045, 4040, 4340-4370, 4600, 5660, 5670, 5673, 5675, 5705, 5855, and others (Various sections)

Assessments & dues

Total annual expenses estimated in Annual Budget Report minus other income; Board imposes Regular Assessment; cannot exceed 20% increase over prior year without majority vote of Owners (Section 5.3(A))

Collections & liens

Assessments are a continuing lien on the condominium; Association may foreclose via power of sale under Civil Code Sections 2924 et seq. and 5705 et seq. or judicial foreclosure; lien subordinate to first mortgage for assessments due prior (Sections 5.2, 5.10, 5.11, 5.12)

Reserves & fees

Association may maintain reserves for maintenance, repair, replacement of Common Area and Common Facilities (Section 1.12(C))

Pets

Regulated under Section 6.2 (text not fully extracted; subject to rules) (Section 6.2 (Table of Contents))

Leasing & rentals

Yes, with restrictions; Article 8 'Renting/Leasing of Condominiums' sets forth provisions (Article 8, Section 8.2)

Architectural approval

Architectural Committee reviews and approves improvements; meetings, guidelines, variances, etc. (Sections 7.3-7.11; details not fully extracted) (Article 7 (Table of Contents and partial)

Insurance

Owner’s insurance and individual fire and casualty insurance required (Sections 10.2, 10.3) (Sections 10.2, 10.3)

Use restrictions

Units restricted exclusively to residential use; no unit occupied by more than a single-family (Section 6.1(A))

Voting & meetings

One class of membership; each Condominium owner entitled to one vote; joint owners must cast single vote; voting rights may be suspended for non-payment or violations (Sections 2.2, 2.4, 3.2(D))

Amendments

General provisions in Article 16, Section 16.1 (details not extracted) (Article 16)

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