Cape West Condominium Association

Key facts from Cape West Condominium Association's documents

Reflects the 2017 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Condominium Project under Davis-Stirling Act) (Recitals C; Section 1.12; Section 1.16)

Governing law

California Davis-Stirling Common Interest Development Act (Civil Code §4000 et seq) (Recitals C)

Special assessments

Special assessments may be levied for budget deficits, capital improvements, or multiyear projects. Any special assessment exceeding 5% of the budgeted gross expenses for the fiscal year requires prior Member approval (except emergency asse (Section 4.3(b); Section 4.5)

Reserves & fees

Reserves must be funded for periodic painting, maintenance, repair, and replacement of major components. The Board determines annual reserve amounts under Civil Code §§5300 and 5550. (Section 1.30; Section 4.2(a))

Leasing & rentals

Yes, but the minimum lease term is 90 days. (Section 2.4(a))

Use restrictions

Units are restricted to Single-Family Residential Use as defined in Section 1.32. (Section 1.32; Section 8 (Article VIII))

Voting & meetings

Each Member (Owner of a Unit) is entitled to one vote per Unit owned. Joint owners have one vote per Unit. Voting rights may be suspended for disciplinary reasons. (Section 3.3; Section 13.6)

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