2773 Folsom Street Owners Association

Key facts from 2773 Folsom Street Owners Association's documents

Community type

condominium (Article I, Section 1.10 "Condominium")

Legal name

2773 Folsom Street Owners Association

Units / lots

5 (4 residential Units 201,202,301,302 and 1 Commercial Unit) (Section 1.30 and Article VIII)

Governing law

California Civil Code (multiple references, e.g., Sections 1351, 1354, 1367, 2924, etc.) (Throughout)

Assessments & dues

Based on Owner's Share (ratio of square footage of Unit to total square footage of all Units) for regular assessments and special assessments for common area; insurance, painting, roofing, hot water heater assessed per share (Section 4.7(a),(b))

Special assessments

Allowed; may be levied for unanticipated costs, construction, repairs, etc.; may be prorated over fiscal year or immediately due (Section 4.4)

Collections & liens

Delinquent assessments become lien upon recordation of notice; may be enforced by non-judicial foreclosure per CC §2924, etc.; lien priority limited; release within 21 days (Sections 4.13, 4.14)

Reserves & fees

Required for major components; accounted for as capital; temporary transfers allowed with Board findings and repayment within 1 year; cannot use for other purposes except as specified (Section 4.3(b)-(d))

Pets

Yes, limited: no more than 2 dogs, cats, or other domesticated pets; no commercial keeping; must be under control; no nuisance; Board may regulate size (Section 7.4)

Leasing & rentals

Yes, Owners may lease entire Unit (Section 7.7(a))

Fences

Fences require prior written approval (Section 7.8)

Architectural approval

Yes, for any building, fence, wall, obstruction, balcony, deck, patio, tent, awning, improvement or structural change, and any alteration of exterior appearance. Interior improvements that do not affect common area or other units do not req (Section 7.8)

Home business

Office for trade or business allowed if complies with local laws (Section 7.1)

Maintenance

Association responsible for roof as part of Common Area (Section 1.9 definition of Common Area in)

Use restrictions

Residential Units shall be occupied and used only for residential purposes, except office if complies with local regulations (Section 7.1)

Voting & meetings

Each Condominium one vote; Class A (all owners except Declarant) and Class B (Declarant, triple vote); Class B ceases upon events; multiple owners must agree on vote; no fractional votes (Article III, Sections 3.3, 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.