One Neptune Place Homeowners Association, Inc.

Key facts from One Neptune Place Homeowners Association, Inc.'s documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Common interest development under California Civil Code Section 4075 (Recitals E)

Legal name

ONE NEPTUNE PLACE HOMEOWNERS ASSOCIATION, INC. (Section 1.3)

Units / lots

18 condominium units on one parcel (Recitals A and D)

Developer / declarant

6767 Neptune Place, LLC, a Nevada limited liability company (First paragraph of Declaration and Secti)

Governing law

California Civil Code Sections 4000-5260 (Davis-Stirling Common Interest Development Act) (Recitals E and Declaration opening parag)

Assessments & dues

Board adopts annual budget including revenue, expenses, reserves; regular assessment derived from budget (Section 6.4.1) (Section 6.4.1)

Special assessments

Permitted; amount determined by Board, limited as per Section 6.4.2 (Section 6.4.2)

Collections & liens

Association has lien for unpaid assessments; enforceable by foreclosure (Section 7) (Section 7)

Reserves & fees

Required; procedures for calculating reserves, accounting treatment, and limitations on use (Sections 6.4.1.1.2, 6.4.1.1.4, 6.4.1.5) (Sections 6.4.1.1.2, 6.4.1.1.4, 6.4.1.5)

Pets

Yes; domesticated dogs, cats, aquatic animals in aquarium, and birds in cages allowed as household pets (Section 3.12) (Section 3.12)

Leasing & rentals

Yes (Section 3.2) (Section 3.2)

Parking & vehicles

Not permitted; only in garages (Section 3.10.3) (Section 3.10.3)

Architectural approval

Yes; Architectural Committee must approve any exterior alterations, fences, antennas, etc. (Sections 3.4.2, 3.4.6, 3.11, 17) (Sections 3.4.2, 3.4.6, 3.11, 17)

Signs & flags

Generally prohibited except directional signs, legal notices, residential ID signs (≤144 sq in), job signs (≤3 sq ft), for-sale/for-rent signs, Declarant signs, and noncommercial signs/flags (≤9 sq ft / ≤15 sq ft) (Section 3.7) (Section 3.7)

Maintenance

Association maintains roof (Section 3.5.1) (Section 3.5.1)

Insurance

Liability insurance, blanket fire and extended coverage, earthquake/flood insurance, fidelity bonds (Section 8) (Section 8)

Use restrictions

Units shall be used for residential purposes only; exception for Declarant's sales office for limited period (Section 3.1) (Section 3.1)

Voting & meetings

Each Unit owner (Class A) has one vote per Unit; Declarant (Class B) has two votes per Unit until conversion (Section 5.2.2.1 and 5.2.2.2) (Sections 5.2.2.1 and 5.2.2.2)

Amendments

Before close of first sale: Declarant may amend (Section 15.1). After close of first sale: by vote of owners as specified (Section 15.2); must comply with Section 14 mortgagee protections (Section 15.3) (Section 15)

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