Costa Del Rey Homeowners Association

Key facts from Costa Del Rey Homeowners Association's documents

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

Community type

Condominium

Legal name

Costa Del Rey- Mission Bay Condominiums

Developer / declarant

Del Ray Development Co.

Governing law

California Civil Code Section 4000 et seq. (Section entitled 'DECLARATION' (page 2))

Assessments & dues

Board establishes Regular Assessments in amount sufficient to perform duties; includes reserves at Board's discretion (Section 3.3A (page 12): 'The Board shall)

Special assessments

Board may levy Special Assessment for unexpected costs, insufficient funds, or other purposes; allocated same as Regular Assessments (Section 3.3B (page 12))

Collections & liens

Assessment Lien upon recording Notice of Delinquent Assessment; cannot foreclose until unpaid assessments exceed $1,800 or are more than 12 months delinquent; foreclosure decision by Board vote, not delegable (Sections 3.1, 3.10D (pages 11, 16, 17))

Reserves & fees

Deposited in separate FDIC insured account; signatures of at least two persons required (either two Board members or one officer not on Board and one Board member) (Section 3.3A (page 12))

Pets

Not exceeding two domesticated dogs or cats per Unit, each weighing less than 75 pounds (Section 4.1I (page 20))

Leasing & rentals

Yes, with requirements: written lease, for entire Unit, subject to Declaration/Bylaws/Rules, notify Association of tenants and provide copy of lease, max occupancy 2 per bedroom (Section 4.1N (pages 21-22))

Architectural approval

Plans deemed approved if not disapproved in writing within 90 days after submission; appeal of denial: written appeal to Board, Board sets hearing within 30 days of appeal, decision within 10 days after hearing (Section 4.2F (page 24), Section 4.2 (pag)

Maintenance

Association maintains Common Area and all facilities; Owner maintains Unit interior and Exclusive Use Areas; Association responsible for exterior plumbing, lighting, landscaping, pest control, parking, etc. (detailed list in Section 2.1A(1) (Section 2.1A (pages 5-6), Section 4.1J ()

Use restrictions

Each Unit shall be used as a residence for a single family and for no other purpose (Section 4.1A (page 19))

Voting & meetings

Each Owner is a Member; voting power allocated per Condominium (Section 1.P: 'Each Living Unit owner sha)

Amendments

Amendment of certain provisions (e.g., assessment lien priority) requires consent of 67% of votes and 51% of Eligible Mortgage Holders holding First Mortgages (Section 3.9 (page 15))

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