Oak Creek Glen Homeowners' Association

Key facts from Oak Creek Glen Homeowners' Association's documents

Community type

Covenant / Planned Community

Legal name

Oak Creek Glen Homeowners' Association

Developer / declarant

Holland Construction, Inc., Chuck Wilson Enterprises, Randal Stoddard and Susan Jane Stoddard (Preamble)

Governing law

California Civil Code Section 1353 and 1351(c) (Preamble)

Assessments & dues

Board estimates net charges including contingencies and replacements, adjusts for income and surplus, and assesses equally per lot. Paid in twelve equal monthly installments. (Section 4.2.1)

Special assessments

Special assessments cannot exceed 5% of budgeted gross expenses for current fiscal year without owner approval (majority of quorum). Exceptions: court order, threat to personal safety, unforeseen extraordinary expense (with Board resolution (Section 4.2.2.2 and Section 4.2.3)

Collections & liens

Assessments become a lien after recording notice of delinquent assessment with 15-day cure notice. Enforceable by nonjudicial foreclosure per California Civil Code Sections 2924, 2924(b), 2924(c). (Section 4.4.4 – 4.4.6)

Reserves & fees

Required to be adequate for maintenance, repairs, replacement; funded through regular monthly assessments. (Section 4.2.5)

Home business

Prohibited (Section 5.1.1 (no occupation, profession)

Use restrictions

Yes (Section 5.1.1)

Voting & meetings

More than 50% of the Owners (including the Declarant) (Section 4.2.2)

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