Sail Bay Homeowners, Inc.

Key facts from Sail Bay Homeowners, Inc.'s documents

Reflects the 2008 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Subtitle '(A Condominium Project)')

Legal name

Sail Bay Homeowners, Inc.

Governing law

California Davis-Stirling Common Interest Development Act (California Civil Code Sections 1350 et seq.) (Recitals C and D, page 5)

Assessments & dues

Association establishes annual budget during last quarter of each year; each Owner pays pro rata share of budgeted and other Common Expenses; assessments levied to collect budgeted expenses (Section 4.9, page 18)

Special assessments

Single Benefit Assessment allowed for reconstruction, capital improvements, extraordinary maintenance, or other cost benefiting less than all Owners (Section 9.4, page 29)

Collections & liens

Regular assessments may become a lien enforceable by power of sale; monetary penalties may NOT be treated as such a lien (except late payment penalties and collection costs for delinquent assessments) (Section 9.1A(c) and (d); Section 9.5)

Reserves & fees

Reasonable late payment penalties for delinquent assessments (Section 3.3 (penalties paragraph) and 9.)

Pets

Yes, domesticated pets such as dogs, cats, or other usual and ordinary household pets (Section 5.4, page 18)

Leasing & rentals

Yes, each Owner has the right to rent or lease his Condominium (Section 5.2, page 18)

Parking & vehicles

No trailer, camper, mobile home, motor home, house car, commercial vehicle, truck, inoperable automobile, or similar equipment shall remain on the Project except temporarily for loading, unloading, or cleaning; sedans and standard vans/pick (Section 5.8, pages 19-20)

Fences

No fencing shall be erected except with consent of all Owners; fencing made of materials compatible with other structures (not chain-link) or replacement with same materials allowed (Section 5.9, page 20)

Solar & roof

Each Unit has right to minimum 100 square feet of solar access; no vegetation or improvement shall unreasonably obstruct sun rays from a solar collector on another Unit; cost of removing/modifying landscaping for later-installed solar colle (Section 5.10, pages 20-21)

Home business

No business of any kind; Owners may without external evidence maintain personal professional library, keep personal business records, or handle personal business calls/correspondence (Section 5.12, page 21)

Signs & flags

One sign of customary dimensions advertising Unit for sale or lease and one sign stating existence of security system allowed, visible from outside only with prior written Board permission, must conform to applicable ordinances; Declarant m (Section 5.6, page 19)

Insurance

Association required to maintain fire and extended coverage insurance on Common Area at current replacement cost not less than 100% of insurance value (when mortgagee approval is required for reduction); if individual insurance unavailable, (Section 7.4(f) and 8.2, pages 24 and 26)

Use restrictions

Each Unit shall be improved, used and occupied for private, single-family dwelling purposes only; no portion thereof nor Common Area for commercial purpose (Section 5.1, page 18)

Voting & meetings

Class A (one vote per Unit) and Class B (Declarant three votes per Unit); Class B converts to Class A when Class A votes equal or exceed Class B or two years after first sale, whichever first (Section 3.1, pages 12-13)

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