Symphony Terrace Condominium Association

Key facts from Symphony Terrace Condominium Association's documents

Reflects the 1990 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Symphony Terrace Condominium Association

Governing law

California Non-profit Mutual Benefit Corporation Law (Art. 3.01)

Assessments & dues

Set annually by Board based on estimated net charges; not fixed in document. (Art. 4.03)

Special assessments

Board may levy special assessment if regular assessments inadequate; must be levied and collected same as regular assessments. (Art. 4.04)

Collections & liens

Delinquent assessment becomes lien upon recording notice per Civil Code §1367; enforceable by judicial or nonjudicial foreclosure. (Art. 4.08)

Reserves & fees

Regular assessments include reserves for painting, roof repair, hot water heaters; Board must review reserve accounts quarterly; withdrawals require two directors or one director and one officer. (Art. 3.06(f)(g), 4.03)

Home business

Prohibited without prior written consent of Board. (Art. 5.03(k))

Use restrictions

Units may be occupied only as private residence; leasing for at least 60 days and not transient or hotel purposes. (Art. 5.03(b))

Voting & meetings

One vote per Condominium; fractional votes not allowed; co-owners designate one voter; cumulative voting permitted. (Art. 3.03(a),(b),(e))

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