Poinsettia Villas Homeowners Association

Key facts from Poinsettia Villas Homeowners Association's documents

Reflects the 1994 governing documents — figures and rules are as originally recorded and may have changed since.

Developer / declarant

Donley O. Jones, Robert C. Tang and Ho-King Shao Tang (Opening paragraph; Article 1.13)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Section 1351 et seq) (Recital C)

Reserves & fees

Reasonable late penalty not exceeding 10% of delinquent assessment or $10, whichever greater, plus interest at 12% per annum (or max legal rate) after 30 days. (Section 5.14)

Pets

Owners may keep domesticated pets. (Section 6.4)

Leasing & rentals

Yes, with restrictions. (Section 6.2)

Voting & meetings

Two classes: Class A (each Owner other than Declarant, one vote per unit); Class B (Declarant, three votes per unit owned). Class B converts to Class A upon first occurrence of (a) Class A votes >= Class B votes, or (b) two years after firs (Article 2.2)

Amendments

Article 16.2: Amendments prior to Public Report (16.2.1), after Public Report but before first unit (16.2.2), after Public Report and after first conveyance (16.2.3). (Section 16.2)

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