1026 Folsom Street Homeowners Association

Key facts from 1026 Folsom Street Homeowners Association's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Condominium Project)

Legal name

1026 Folsom Street Homeowners Association

Units / lots

13 (12 residential + 1 commercial) (twelve (12) Units and one (1) Commercial)

Governing law

Davis-Stirling Common Interest Development Act (the Davis-Stirling Common Interest Devel)

Assessments & dues

Board determines and fixes amount of Annual Assessment, subject to owner approval for increases over 20% (the Board shall determine and fix the am)

Special assessments

May be levied for emergencies, court orders, safety threats, unforeseeable expenses, earthquake insurance surcharge (Special Assessment authorized in Section)

Collections & liens

Association may record lien on condominium for unpaid assessments; may foreclose nonjudicially after notice; lien prior to all other liens except taxes (Sections 4.14-4.16: assessment lien and )

Reserves & fees

Required; Board must review quarterly; transfers from reserve require recorded finding and repayment within one year unless finding delays (Section 5.5: Capital Improvements by Ass)

Pets

Fish, two domestic dogs or cats, or two birds in a cage; no other animals (Section 7.5: pets limited to fish, two d)

Use restrictions

Units may be used for live/work residential purposes permitted by zoning (Units may be used for such live/work res)

Voting & meetings

Two classes: Class A (owners other than Declarant) and Class B (Declarant). Class B votes cease upon conversion events. (Class A and Class B defined in Section 3)

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