C2 Lofts Homeowners Association

Key facts from C2 Lofts Homeowners Association's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium Project (Preamble, paragraph B: 'create a condomi)

Legal name

C2 LOFTS HOMEOWNERS ASSOCIATION (Section 1.7 'Association' definition)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Sections 1350 et seq.) (Preamble, paragraph B: 'Davis-Stirling C)

Special assessments

Defined as charge for corrective action, fines, penalties, plus interest and costs; not including late payment penalties or collection costs for other assessments (Section 1.6 'Assessment, Special')

Collections & liens

Delinquent assessments become a lien on the Condominium; Notice of Lien must be recorded; foreclosure by sale permitted; priority subordinate to first mortgage and tax liens; nonjudicial foreclosure allowed; Board must approve recording of (Sections 5.8, 5.9, 5.10, 5.11)

Reserves & fees

Required separate Reserve Fund for capital improvements, replacements, painting, repairs, and insurance deductibles (Section 5.2(2))

Architectural approval

No construction, alteration, removal, relocation, demolition, repainting, addition, installation, modification, decoration, redecoration or reconstruction of an Improvement (including landscaping) may be commenced without prior written appr (Section 4.2)

Use restrictions

Each Residence is intended for use by a single Family (Section 1.39 'Residence' definition; Sec)

Voting & meetings

Class A Members (all Owners except Declarant) have 1 vote per Condominium; Class B Member (Declarant) has 3 votes per Condominium owned until conversion (Section 2.4 and 2.5)

Amendments

Article XII Duration and Amendment; amendments require approval as provided in Article 12 (details not fully extracted) (Table of Contents, Article 12; Section 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.