1552-1554-1556 Green Street Homeowners Association

Key facts from 1552-1554-1556 Green Street Homeowners Association's documents

Reflects the 2016 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

1556 Green Street Condominium Association

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code, e.g., §5570, §5670, §5725(a)) (Throughout document; e.g., Section 3.8A )

Assessments & dues

Regular Annual Assessments are levied based on the pro forma operating budget prepared in accordance with Civil Code §5570. (Section 5.1A)

Special assessments

Special Assessments may be levied for unforeseen expenses not covered by the operating budget. (Section 5.1B)

Collections & liens

The Association may record a notice of assessment lien on a delinquent Unit, and may foreclose. A copy of the recorded notice must be mailed by certified mail within 10 calendar days after recordation. (Section 5.5C (page 16))

Reserves & fees

The Association must adopt a Reserve Funding Plan including identification of major components, remaining useful life, cost, annual contribution, and a schedule of assessment increases. Reserve funds may be transferred to operating account (Section 3.9 (page 10-11))

Use restrictions

The Property shall be solely residential. (Section 7.1 (page 22))

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