Pegasus Homeowners Association

Key facts from Pegasus Homeowners Association's documents

Reflects the 2006 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

planned unit development community within the meaning of California Business and Professions Code Section 11004.5(c) and California Civil Code Section 1351(k) (Section 1.2)

Developer / declarant

Pegasus Development Co., LLC, a California limited liability company (Opening paragraph)

Governing law

California Civil Code Sections 1350 et seq.; California Business and Professions Code Sections 11000 et seq. (Section 1.2)

Assessments & dues

Association establishes, fixes, and levies assessments pursuant to Article 6 (Section 4.3.1)

Special assessments

Defined in Section 2.53; levied under Section 6.4 (Sections 2.53, 6.4)

Collections & liens

Creation of lien and personal obligation for assessments (Section 6.1); collection of assessments and liens (Section 6.12) (Sections 6.1, 6.12)

Reserves & fees

Reasonable reserves deemed appropriate by Board (Section 2.16.6); Reserve Fund in Article 13 (Section 13.5) (Sections 2.16.6, 13.5)

Pets

Animals are subject to restrictions (Section 7.5) (Section 7.5)

Leasing & rentals

Rental of Residential Lots is addressed (Section 7.3) (Section 7.3)

Parking & vehicles

Parking and vehicular restrictions (Section 7.8) (Section 7.8)

Architectural approval

Architectural Committee approval required for improvements (Article 9, especially Section 9.4) (Section 9.4)

Signs & flags

Restrictions on signs and displays (Section 7.7) (Section 7.7)

Maintenance

Owners maintain their Residential Lots and Residences (Section 8.1); Association maintains Association Property and Association Maintenance Areas (Section 8.3) (Sections 8.1, 8.3)

Insurance

Association maintains liability insurance (Section 11.1) and property insurance (Section 11.2) (Sections 11.1, 11.2)

Use restrictions

Residential Lots shall be used for residential purposes only (Section 7.1) (Section 7.1)

Voting & meetings

Voting Power defined in Section 5.2; each Residential Lot has one vote? (details not extracted but membership per lot) (Section 2.55, 5.2)

Amendments

Amendments before close of first sale (Section 14.1) and after (Section 14.2); additional approvals for certain amendments (Section 14.4) (Article 14)

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