Louisiana Five Homeowners' Association

Key facts from Louisiana Five Homeowners' Association's documents

Community type

Condominium

Legal name

Louisiana Five Homeowners' Association

Governing law

California Condominium Act (Civil Code Section 1351 et seq.) (Recitals B and Section 1.9)

Assessments & dues

Initially as in DRE-approved budget; thereafter fixed by Board at least 30 days in advance (Section 4.3)

Special assessments

Allowed for capital improvements and extraordinary expenses; aggregate per fiscal year cannot exceed 5% of budgeted gross expenses without majority vote of non-Declarant Members (Section 4.4)

Collections & liens

Assessment lien recorded per Civil Code Section 1356; may be foreclosed by court or power of sale; lien secures future assessments; foreclosure extinguished prior assessments but new lien attaches to purchaser (Sections 4.12, 4.13)

Reserves & fees

Annual assessment includes reserves for periodic maintenance; deposited in separate trust account not co-mingled (Section 4.8)

Pets

Yes, but limited to usual and ordinary household pets (dogs, cats, birds) – max 2, not for commercial purposes, under reasonable control (Section 6.6)

Leasing & rentals

Yes, owner has absolute right to lease except for transient or hotel purposes (Section 6.12)

Parking & vehicles

No commercial vehicles, trucks (other than standard pickup), inoperable automobiles, boats, trailers, etc. on project except temporarily or in designated area. Commercial vehicles do not include sedans or standard pickup used for business (Section 6.3)

Architectural approval

Yes, for any building, fence, wall, structure, or alteration; plans and specifications must be approved by Board or architectural committee (Section 6.13)

Home business

Prohibited, except Declarant may use units for model home and sales office (Section 6.1)

Signs & flags

No signs visible to public without Board approval; except Declarant signs for 3 years and 'for sale'/'for rent' signs not exceeding 5 sq ft (Section 6.4)

Maintenance

Association (common area – roofs are listed in common area definition §1.6) (Section 1.6)

Insurance

Comprehensive public liability insurance ($500k/person, $1M aggregate, $100k property damage) and fire & extended coverage for 100% insurable value of improvements (Sections 7.1, 7.2)

Use restrictions

Yes. No unit shall be occupied except for residential purposes (Section 6.1)

Voting & meetings

Class A: one vote per Unit owned; if multiple owners, still one vote. Class B (Declarant): three votes per Unit owned until conversion. (Section 3.5)

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