Coast Point Homeowners Association

Key facts from Coast Point Homeowners Association's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Recital C: "thirty-two (32) condominium )

Legal name

COAST POINT HOMEOWNERS ASSOCIATION

Governing law

California Condominium Act (California Civil Code Sections 783, 1351, 1359, 1366 et seq.) (Recital C and Sections 1.05, 7.02, 4.07)

Assessments & dues

Regular and special assessments levied per formula in Exhibit A: variable cost based on unit square footage plus equal base assessment per unit. (Section 4.03 and Exhibit A)

Special assessments

Allowed for: rebuilding or major repair of buildings (based on square footage ratio); non-compliance enforcement costs; making up deficiency for repair/rebuilding after casualty; taxes assessed against Common Area. (Sections 4.03, 4.09, 10.01(e))

Collections & liens

Assessments become a continuing lien upon recordation of notice of delinquent assessment; lien may be foreclosed like a mortgage (including power of sale under CA Civil Code Sections 2924 et seq. and 1366); Corporation may bid at foreclosur (Sections 4.06, 4.07)

Reserves & fees

Implied by reference to reserves in insurance provisions (fidelity bond amount 150% of estimated annual operating expenses including reserves) and in variable assessment computation for paint and roof reserves. (Section 10.03(c); Exhibit A (A3 Paint Re)

Pets

Yes, limited to domesticated cats, dogs weighing less than 40 pounds each, caged birds, and aquatic animals kept within an aquarium. (Section 5.04)

Leasing & rentals

Yes, Owner may lease his Condominium provided requirements are met. (Section 5.02)

Parking & vehicles

Inoperative vehicles or vehicles with substantial physical damage not permitted unless stored in closed garage out of public view. (Section 5.10)

Architectural approval

Yes, for exterior alterations, structural changes, new construction, fences, landscaping changes in front, and any alteration in common area. Plans and specifications must be submitted to Board or architectural committee for approval. (Sections 5.08, 5.09, 5.15, 5.16, 5.17)

Signs & flags

One sign of customary dimensions advertising sale, lease, or exchange permitted; must conform with governmental ordinances and have prior written Board permission if visible from outside. No signs on Common Area except by Board authority. B (Section 5.06)

Maintenance

Association maintains, repairs and restores roofs (common expense). (Section 6.04)

Use restrictions

Each Residential Unit improved, used and occupied for private, single-family dwelling purposes only. (Section 5.01)

Voting & meetings

One vote per Condominium; if multiple owners, they must determine how to cast the single vote; membership automatically transfers with title (Section 3.02)

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