New Court Square Owners Association

Key facts from New Court Square Owners Association's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Title: FOR NEW COURT SQUARE CONDOMINIUMS)

Legal name

New Court Square Owners Association

Developer / declarant

NEW COURT SQUARE OWNERS' ASSOCIATION, a California Non-profit Mutual Benefit Corporation (First paragraph: 'made this 10th day of )

Governing law

California Nonprofit Mutual Benefit Corporation Law (California Corporations Code Section 7110 et seq.); California Civil Code Sections 1351, 1354 (Section 1.2 references California Corpor)

Assessments & dues

Regular and special assessments (other than fines) are levied at a uniform rate for all Condominiums, collected monthly or as determined by the Board. (Article III, Section 3.2: 'shall be levi)

Special assessments

Special assessments for capital improvements; also special assessments for non-compliance (fines) are allowed. (Article III, Section 3.1(b): 'special as)

Collections & liens

Unpaid assessments (including interest, costs, attorney fees) become a lien on the Condominium upon recording a Notice of Delinquency. Lien may be foreclosed like a mortgage or by power of sale under California Civil Code Sections 2924 et s (Article III, Sections 3.5, 3.6, 3.7)

Reserves & fees

Regular assessments must include an adequate reserve fund for periodic maintenance, repair and replacement of the Common Area. (Article III, Section 3.1(a): 'regular as)

Pets

Yes, an Owner may keep domesticated pets such as dogs, cats or other usual household pets, not to exceed two in number with aggregate weight of 25 pounds, not for commercial purposes. (Article IV, Section 4.4)

Signs & flags

One sign of customary dimensions advertising a Condominium for sale or lease allowed, but must conform to governmental ordinances and be visible from outside only with Board permission. No other signs on Common Area except by Board authorit (Article IV, Section 4.6)

Use restrictions

Each Unit shall be improved, used and occupied for private, single-family dwelling purposes by individuals no less than 18 years of age only. (Article IV, Section 4.1: 'private, singl)

Voting & meetings

Class A Members (all Owners except Developer): one vote per Condominium. Class B Member (Developer): three votes per Condominium until conversion. When multiple owners hold interest, only one vote per Condominium. (Article II, Section 2.1)

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