Mission Bay Condominium Owners Association

Key facts from Mission Bay Condominium Owners Association's documents

Reflects the 2007 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble; Recital D)

Legal name

Mission Bay Condominium Owners Association

Units / lots

1 (Lot 1 of Sarn Smith Subdivision) (Recital A)

Governing law

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

Assessments & dues

Determined by Board annually based on budget; not a fixed amount. (Section 4.3)

Special assessments

Board may levy Special Assessment for capital improvements or extraordinary expenses; subject to limits in Section 4.5. (Section 4.4)

Reserves & fees

Transfer fee may be assessed not to exceed Association's actual costs to change records upon change of ownership or possession. (Section 4.12.3)

Pets

Section 7.5 covers Household Pets; exact text not fully provided but permitted presumably. (Section 7.5)

Leasing & rentals

Yes, with minimum lease term of 30 days; no hotel or transient use. (Section 2.12)

Home business

Not explicitly allowed or prohibited; Section 7.2 mentions 'Business Activities' but text not provided in excerpt; Table of Contents lists Section 7.2. (Table of Contents (Article VII, Section )

Signs & flags

Not explicitly; but 'Restrictions on Common Area Changes' may cover signs. (Section 7.17)

Insurance

Association shall maintain fire and casualty, liability, workers compensation, directors liability, fidelity bond, other insurance (Article IX). (Sections 9.1.1-9.1.6)

Use restrictions

Implied; no hotel or transient use; minimum lease term 30 days. (Section 2.12)

Voting & meetings

One vote per Condominium; joint owners must agree; fractional votes not allowed; disputes result in loss of vote. (Section 3.4, 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.