Eolus 4 Homeowners Association

Key facts from Eolus 4 Homeowners Association's documents

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

Community type

HOA (Homeowners Association) (Section 1.03: 'EOLUS 4 HOMEOWNERS ASSOCI)

Legal name

EOLUS 4 HOMEOWNERS ASSOCIATION (Section 1.03)

Developer / declarant

Eolus 4, LLC (Cover page return address; Recital A)

Governing law

Davis-Stirling Common Interest Development Act, California Civil Code Section 4000 et seq. (Recital C)

Assessments & dues

Initial amount set in budget (Exhibit B) not to exceed that budget until first January after first sale; thereafter set by Board. (Section 4.04(C))

Special assessments

Permitted for unexpected costs, capital improvements, etc.; same allocation as regular assessment. (Section 4.03(B))

Collections & liens

Lien created upon recordation of notice of delinquent assessment; non-judicial foreclosure permitted under power of sale. (Sections 4.01, 4.10)

Reserves & fees

Annual assessment must include reserves for future repairs; deposited in separate account; cannot be used for other purposes without majority vote. (Section 4.03(A))

Pets

Regulated (Section 6.08). (Table of Contents: Section 6.08 Pets and)

Leasing & rentals

Regulated (Section 6.17). (Table of Contents: Section 6.17 Leasing )

Parking & vehicles

Restricted; authorized vehicles only; no prohibited vehicles (Sections 6.04, 6.05). (Table of Contents: Sections 6.04 Vehicle)

Architectural approval

Approval of plans required; Architectural Committee established (Sections 5.01, 5.02). (Table of Contents: Article 5 Architectur)

Signs & flags

Regulated (Section 6.07). (Table of Contents: Section 6.07 Signs, P)

Maintenance

Association maintains Common Area, private streets, street lights, drainage systems, BMP basins, gang mailbox, permeable pavers, etc. Owner maintains Lot per Sections 9.05 and 11.04. (Section 3.06(A))

Use restrictions

Prohibited (Section 6.02). (Table of Contents: Section 6.02 Nuisance)

Voting & meetings

Two classes initially: Class A (owners except Declarant) 1 vote per lot; Class B (Declarant) tripled votes per lot. Conversion to single class on earlier of first anniversary of first conveyance or when Class A votes equal Class B tripled v (Section 3.04)

Amendments

Not fully provided; reference to Section 9.04 (not in excerpt). (Table of Contents: Section 9.04 Amendmen)

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