Cleveland Terrace Condominium Association

Key facts from Cleveland Terrace Condominium Association's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Cleveland Terrace Condominium Association

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code section 4000 et seq.) and California Nonprofit Corporation Law (California Corporations Code section 5002 et seq.) (Article 1.1 "In General")

Assessments & dues

Board estimates net charges for each fiscal year including provision for contingencies and reserves (Section 4.3.1)

Special assessments

Special Assessments in aggregate exceeding 5% of Budgeted Gross Expenses require majority of votes cast with quorum; emergency situations exempt (Section 4.5.1 and 4.4)

Collections & liens

Delinquent assessment becomes a lien when Notice of Assessment Lien is recorded; may be enforced by judicial or nonjudicial foreclosure; Monetary Penalty Assessment may not be enforced by nonjudicial foreclosure (Sections 4.13 and 4.13.6)

Reserves & fees

Not exceeding 10% of delinquent assessment or $10.00, whichever is greater (Section 4.10.2)

Architectural approval

General changes and specific changes to Units or Common Area require prior written approval from Board or Architectural Committee (Sections 7.2 and 7.3)

Voting & meetings

One vote per Condominium; each Condominium assigned one vote (Section 3.4 "Membership Class; Voting Ri)

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