Balboa Towers Condominium Owners Association

Key facts from Balboa Towers Condominium Owners Association's documents

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

Community type

Condominium (Title and Article I definitions)

Units / lots

116 (Section 1.7: Phase I Units 1-56, Phase I)

Developer / declarant

BALGRAVE CORPORATION (original declarant) (Recital paragraph page 19768)

Governing law

California Civil Code (sections 1365, 1365.7, 1365.9, 1367, 1354, 1353.5, 1360.5, 1376, 2924, 2924b, 2924c, 2934a, 726, 1359, etc.) (Various sections throughout Declaration)

Assessments & dues

Regular assessments established annually by the Board based on pro forma operating budget and reserve account allocations; increases allocated equally (same dollar amount) to each condominium. (Section 4.6)

Special assessments

May be levied by Board if regular assessments inadequate; subject to membership approval as above, except for emergency situations (court order, safety threat, unforeseeable expense). (Sections 4.7, 4.8.A)

Collections & liens

Delinquent assessments become a continuing lien upon recording a Notice of Delinquent Assessment. Lien may be enforced by judicial or non-judicial foreclosure. Lien subordinate to first mortgages of record. Foreclosure sale extinguishes pri (Sections 4.3, 4.10.B, 4.10.C, 4.12)

Reserves & fees

Reserve account allocations are part of regular assessment budget (Section 4.6). Fidelity bond required at least equal to total funds including reserves (Section 7.4). (Sections 4.6, 7.4)

Pets

Yes, but limited. (Section 5.4(g))

Leasing & rentals

Yes, subject to conditions. (Section 5.7)

Parking & vehicles

Not allowed: 'commercial vehicle, truck (other than a standard size pickup, van or recreational vehicle)' and similar equipment prohibited. (Section 5.4(i))

Architectural approval

Yes: No alteration or change to Unit or any other portion of Property without prior written approval of Board or its architectural control committee. (Section 5.9)

Signs & flags

Right to display flag of the United States on Owner's separate interest in compliance with Government Code and Civil Code §1353.5. (Section 5.4(h) (last sentence))

Insurance

Fire and casualty insurance with extended coverage at full insurable replacement value of Property (excluding unit contents), for benefit of Association, Owners, and Mortgagees. (Section 7.1)

Use restrictions

Yes; 'non commercial, private residential use.' Time-sharing occupancy expressly prohibited. (Section 5.4(a))

Voting & meetings

More than 50% of Owners for assessment increase approval (Section 4.8.A: 'more than fifty percent )

Amendments

Adoption or amendment by instrument certifying written consent of at least 66-2/3% of Condominium Owners, executed by two officers of Association, recorded in San Diego County. Subject to mortgagee protections per Article X. (Section 12.1)

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