Promenade at Spectrum Homeowners Association

Key facts from Promenade at Spectrum Homeowners Association's documents

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

Community type

Condominium Common Interest Development (Subtitle: (A CONDOMINIUM COMMON INTEREST)

Units / lots

Up to 168 condominiums if all phases completed (Recital C: 'there will be a total of one)

Developer / declarant

WILLIAM LYON HOMES, INC., a California corporation (Opening paragraph)

Governing law

California Civil Code (references to Sections 1351, 1354, 1360, 1363.03-1363.09, 1365, 1367, 1367.1, 1367.4, 912(f), 910 et seq.; Government Code Section 66427; Corporations Code Sections 7341, 7510, 7613, 8724) (Various sections throughout)

Assessments & dues

Board adopts annual budget and sets regular assessments; special assessments may be levied by Board as needed; subject to limitations in Section 4.3 (Sections 4.2, 4.3)

Special assessments

Allowed for emergencies or with owner approval; also non-lien assessments for compliance (Section 4.4) and special assessments for repairs (Section 4.7) (Sections 4.2, 4.3(b), 4.4, 4.7)

Collections & liens

Assessments (except compliance assessments) are a continuing lien on the Condominium upon recordation of notice; Association may foreclose judicially or non-judicially per Civil Code Section 1367.1(d); lien subordinate to first mortgages (Sections 4.1, 4.11, 4.12)

Reserves & fees

Required as part of regular assessments: 'adequate reserve fund for periodic maintenance, repair and replacement of the Association Property and Common Area' (Section 4.1(a))

Pets

Yes, a reasonable number of dogs, cats or other household pets may be kept; not for commercial purpose (Section 6.4)

Leasing & rentals

Yes, each Owner has right to lease, provided lease is in writing and tenant bound by governing documents (Section 6.2)

Architectural approval

Yes; Architectural Committee (appointed by Board) reviews modifications. No Owner may alter Association Property or Common Area without Board consent (Section 6.8). General architectural control also under Spectrum Declaration. (Section 1.1 (Architectural Committee), S)

Home business

Home businesses allowed if allowed by City zoning ordinances (Section 6.1: 'other than home businesses)

Signs & flags

Owner may place one sign of reasonable dimensions in window to advertise for sale or rent; no other signs without ARC permission; Declarant may install signs during sales period (Section 6.6)

Use restrictions

Each Condominium shall be used for private, single-family dwelling purposes only; no commercial use except home businesses allowed by city zoning (Section 6.1)

Voting & meetings

Three classes: Class A (Owners, one vote per Condominium), Class B (Declarant, three votes per Condominium until conversion), Class C (Declarant, elects 3 directors only) (Section 3.2(a)(b)(c))

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