Buena Vista Condominiums Homeowners Association

Key facts from Buena Vista Condominiums Homeowners Association's documents

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

Community type

Condominium (Title and Article I Section 6: Condomini)

Legal name

Buena Vista Condominiums Homeowners Association

Governing law

California Civil Code Section 1351(e) and Title 6, Part IV of Division 2 (Recitals: pursuant to the provisions of )

Assessments & dues

Initial monthly maintenance charge as stated in the Final Subdivision Public Report issued by the Department of Real Estate (Article VI Section 2.a)

Special assessments

May not exceed 5% of budgeted gross expenses of the Association for that fiscal year without Owner approval; exception for rebuilding/major repair of structural Common Area (based on square footage); does not apply to compliance costs (Article VI Section 3)

Collections & liens

Delinquent assessment becomes lien upon recordation of Notice of Delinquent Assessment; foreclosed by sale under Civil Code Section 2924; requires prior Notice of Default and 15-day cure period; monetary penalties cannot be enforced as asse (Article VI Sections 9 and 11)

Reserves & fees

Separate trust accounts for capital reserves; study of reserve requirements every 3 years; restrictions on use; temporary transfer to operating fund allowed with board resolution and payback within 1 year (Article V Section 2.o(8) and Article VI )

Voting & meetings

Two classes: Class A (owners except Declarant) – one vote per Unit; Class B (Declarant) – three votes per Unit until conversion (Article IV Section 3)

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