Torrance Canyon Homeowners Association

Key facts from Torrance Canyon Homeowners Association's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Recitals: 'Condominium Project' (Page 8))

Legal name

Torrance Canyon Homeowners Association

Developer / declarant

All Valley Financial Corporation (Recitals (Page 8))

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code §4000 et seq.) (Article 1.1)

Assessments & dues

Board estimates net charges each fiscal year and sets Regular Assessments (Article 4.3)

Special assessments

Allowed for unexpected costs, construction, or any reason; levied and collected like regular assessments; lump sum or installments (Article 4.4)

Collections & liens

Delinquent assessment becomes lien upon recording Notice of Assessment Lien; enforceable by non-judicial foreclosure; monetary penalty assessment cannot be foreclosed (Article 4.14, 4.10)

Reserves & fees

Greater of 10% of delinquent Assessment or $10 (Article 4.11)

Voting & meetings

One vote per Unit (Article 3.4)

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