Terralta Villas Homeowners Association

Key facts from Terralta Villas Homeowners Association's documents

Reflects the 2005 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Preamble B)

Governing law

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

Collections & liens

Unpaid assessments become a lien upon recording a notice of delinquent assessment; lien may be enforced by nonjudicial foreclosure under Civil Code Sections 2924, 2924b, 2924c (Article IV, Section 4.12)

Reserves & fees

10% of delinquent assessment or $10, whichever is greater (Article IV, Section 4.10(b))

Voting & meetings

Class A (each Owner, one vote per Unit); Class B (Declarant, triple votes per Unit). Class B converts to Class A when Class A votes equal Class B (tripled) or on second anniversary of first conveyance, whichever earlier. (Article III, Section 3.04)

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