Villa Oceana Owners Association, Inc.

Key facts from Villa Oceana Owners Association, Inc.'s documents

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

Community type

condominium (Recitals C and D; Sections 1.07, 1.10(A))

Legal name

Villa Oceana Owners Association, Inc.

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Section 1351 et seq., successor sections) (Recital C; Sections 1.07, 1.10)

Assessments & dues

Not fixed; determined by Board at least 30 days in advance (Section 3.07)

Collections & liens

Delinquent assessments become lien upon recording Notice of Delinquent Assessment; lien may be foreclosed by judicial sale or nonjudicial sale under Civil Code Sections 2924, 2924(b), 2924(c), 1367. Association may bid at sale and acquire u (Sections 3.09, 3.10)

Reserves & fees

Board shall establish at least two separate accounts: Operating Account and Reserve Account (for capital improvements, replacements, painting, repairs). Reserve funds used as per Civil Code Section 1365.5. (Sections 3.16, 3.17)

Pets

Owners may keep domesticated pets such as dogs, cats, or usual household pets. (Section 4.04)

Leasing & rentals

Each Owner may lease his Condominium, provided lease is in writing and tenant bound by Project Documents. (Section 4.02)

Parking & vehicles

Not explicitly regulated; vehicle restrictions apply to Common Area; Board may establish rules for parking in Common Areas. (Section 4.16)

Architectural approval

If Board or Committee fails to approve or disapprove plans within 30 days after submission, approval is deemed given and covenants complied with. (Section 5.02)

Home business

Not explicitly addressed beyond commercial prohibition; zoning may allow some commercial use. (Section 4.01)

Signs & flags

Only one sign of customary dimensions advertising sale or lease, and one sign for security system, allowed with prior written permission of Board. Must conform to governmental ordinances. Declarant may install signs during sales period. (Section 4.06)

Use restrictions

Each condominium shall be used for private, single-family dwelling purposes only; no commercial purpose except as allowed by zoning or Declarant's sales use. (Section 4.01)

Voting & meetings

Class A (owners other than Declarant): 1 vote per unit owned; Class B (Declarant): 3 votes per unit owned. Class B converts to Class A when Class A votes >= Class B or 2 years after first sale of a unit to a non-Declarant, insured by a Cali (Section 2.01)

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