Eagle Nest Condominium Homeowners' Association

Key facts from Eagle Nest Condominium Homeowners' Association's documents

Reflects the 1989 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Eagle Nest Condominium Owners' Association

Developer / declarant

Eagle Nest Condominiums, a California Limited Partnership (Introductory paragraph)

Governing law

California Civil Code (including Sections 1351, 2924, 7341) and Corporations Code (Section 7513, 7615(b), 9322) (Article I, Section 9, 10; Article III, S)

Assessments & dues

Initial maximum annual assessment per condominium as set forth in Exhibit A (Budget) (Article IV, Section 3)

Special assessments

Allowed for capital improvements; may not exceed 5% of budgeted gross expenses per fiscal year without vote/written assent of 51% of members other than Declarant (Article IV, Section 4A)

Collections & liens

Upon recordation of Notice of Assessment Lien, assessment becomes a lien on the unit; superior to all other liens except taxes and first mortgage; may be foreclosed by judicial proceeding or power of sale (subject to 30 days' notice to owne (Article IV, Sections 1C, 8, 9, 10)

Reserves & fees

Association shall establish an adequate reserve fund for repair, replacement, restoration and maintenance of Common Areas (Article V, Section 1A)

Pets

Yes, limited to two dogs or cats, no larger than 30 pounds, not for commercial purposes, kept under reasonable control (Article VII, Section 6)

Leasing & rentals

Yes, subject to restrictions: units used as single family residences; leases must be written and subject to Declaration and rules (Article VII, Section 9)

Parking & vehicles

No trailer, camper, mobile home, commercial vehicle, or truck (other than standard size pickup truck) permitted to remain within Project other than temporarily. Commercial vehicles exclude sedans and standard size pickup trucks used for bot (Article VII, Section 4)

Architectural approval

Yes, Architectural Control Committee established; plans and specifications must be submitted prior to any repair, change or modification (Article VII, Section 10)

Home business

Prohibited; exception for Declarant to use units as model/sales office for up to 3 years from first sale close (Article VII, Section 1)

Signs & flags

No signs displayed to public view except those approved by Board, or 'For Sale'/'For Rent' signs of customary dimensions and as permitted by law (Article VII, Section 5)

Maintenance

Association (Article V, Section 3: 'Paint, maintain, )

Use restrictions

No condominium shall be occupied or used except for residential purposes by owners, tenants, or social guests; no trade or business conducted (Article VII, Section 1)

Voting & meetings

Class A members (owners other than Declarant) have 1 vote per unit; Class B member (Declarant) has 2 votes per unit owned until conversion; voting power vests only after assessments levied (Article III, Section 4A, 4B)

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