Presidio Mirage Homeowners Association

Key facts from Presidio Mirage Homeowners Association's documents

Community type

Condominium (Article I, Section 1.10)

Developer / declarant

Presidio Mirage Associates c/o Christopher Stearns, Attorney at Law, 1515 Second Avenue, Suite 198, San Diego, California 92101-3005 (Header and Recital A)

Governing law

Common Interest Development Act, California Civil Code Section 1350 et seq. (Recital B)

Assessments & dues

Initially set by budget approved by Department of Real Estate (Exhibit B). (Article IV, Section 4.03)

Special assessments

Board may levy special assessment for capital improvements or extraordinary expenses. If aggregate exceeds 5% of budgeted gross expenses, majority approval required. (Article IV, Section 4.05)

Collections & liens

Assessment becomes a lien upon recordation of notice of delinquent assessment. Lien prior to all other liens except taxes, bonds, assessments, and first mortgage of record. May be enforced by judicial or nonjudicial foreclosure. (Article IV, Sections 4.12, 4.13)

Reserves & fees

Board shall annually fix contribution to reserve funds for capital improvements and replacement. Reserves held in separate trust accounts from operating funds. (Article IV, Sections 4.06, 4.07)

Pets

Yes (Article V, Section 5.06)

Leasing & rentals

Yes, subject to restrictions. (Article V, Section 5.09)

Parking & vehicles

Prohibited from remaining on Project except temporarily or with Board approval. (Article V, Section 5.04)

Architectural approval

Yes (Article V, Section 5.14(b))

Home business

Owner/tenant may use part of Unit as office with desk, business telephone, and business address, provided it does not cause unreasonable client visits, deliveries, or interfere with quiet enjoyment. (Article V, Section 5.01)

Maintenance

Roofs are part of Common Area (Article II, Section 2.02(b) includes roofs in Common Area). Association responsible for maintenance. (Article II, Section 2.02(b))

Insurance

Association obtains master property insurance on building at full replacement cost, all risks, plus liability insurance, worker's comp, fidelity bond, directors and officers liability, and flood insurance if required. (Article VI, Section 6.01)

Use restrictions

Units for residential purposes only. No trade or business except limited home office use and Declarant's model/sales office until last unit sold or three years from first sale closing. (Article V, Section 5.01)

Voting & meetings

Two classes: Class A (all Owners except Declarant, one vote per unit) and Class B (Declarant, triple vote per unit). Class B ceases when Class A votes equal or exceed Class B tripled votes, or on second anniversary of final subdivision repo (Article III, Section 3.04)

Amendments

Common interest percentages cannot be altered without consent of all Owners affected and 75% of first mortgagees. Other amendments not explicitly stated but Declaration can be amended by recorded instrument. (Article II, Section 2.02(b))

Amenities

Unassigned parking spaces, exterior stairs, elevator, storage, laundry, trash, restroom, meter, recreational areas. Specific recreational facilities not detailed. (Article II, Section 2.02(b))

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