Coast Regency Owners Association

Key facts from Coast Regency Owners Association's documents

Reflects the 2000 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals C (reference to Condominium Pla)

Developer / declarant

Cramer Builders, Inc., as General Partner for a California corporation (Preamble)

Governing law

Davis-Stirling Common Interest Subdivision Act (California Civil Code §1350 et seq.) (Recitals D)

Assessments & dues

Determined annually by Board based on budget (Section 4.3)

Special assessments

Board may levy special assessments for capital improvements or extraordinary expenses; if aggregate exceeds 5% of budgeted gross expenses, majority vote of quorum required (Section 4.4.1)

Collections & liens

Assessment lien recorded; subordinate to first mortgage; foreclosure by court sale or trustee sale per California Civil Code §§2924-2924(h) (Section 4.8)

Reserves & fees

Required; Board fixes annual contribution; separate account; reserve study every 3 years (Section 4.4.2, 5.2.8)

Pets

Yes (Section 7.6)

Leasing & rentals

Yes, with restrictions (Section 2.11)

Fences

Wrought iron railings on balconies are Owner's responsibility to maintain and repaint (subject to Board action if neglected) (Section 7.11)

Architectural approval

Yes, for alterations; plans must be submitted to Board for approval (Section 7.2.1)

Maintenance

Association (Roofs are Common Area) (Section 1.6(1))

Insurance

Casualty (full replacement value), comprehensive public liability, workers compensation, officers/directors liability, fidelity bond (if deemed necessary), and other insurance as Board decides (Section 9.1)

Use restrictions

Each Unit shall be used and occupied for private single family dwelling purposes (Section 7.1)

Voting & meetings

One vote per Condominium; joint owners must agree or lose vote; no fractional votes (Section 3.4, 3.5)

Amendments

Not fully stated in excerpt; but prior amendment required 75% of owners vote and mortgagee consent (Recitals E) (Recitals E, Section 13.6 (title only))

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