521-523-525 27th Street Homeowners' Association

Key facts from 521-523-525 27th Street Homeowners' Association's documents

Reflects the 1997 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

521-523-525 27th Street Homeowners' Association (Art. 1.4)

Developer / declarant

525 27th Street, LLC (Recitals, Art. 1.10)

Governing law

California Civil Code Section 1350 et seq. (particularly 1351(e)) (Art. 1.9, Recitals)

Special assessments

Board may levy for capital improvements or extraordinary expenses; any Special Assessment >5% of Regular Annual Assessment requires majority vote of Members (Art. 4.4)

Reserves & fees

Reserve funds for roof and paint are segregated and used only for those purposes; proceeds paid for reserves must be deposited in separate account (Art. 4.7, Art. 4.8 (proration for insura)

Leasing & rentals

Yes, subject to restrictions (no transient/hotel use, minimum 30-day term) (Art. 7.8)

Parking & vehicles

Parking spaces shall be used solely for non-commercial passenger motor vehicles, including automobiles, station wagons, pickup trucks, motorcycles; no repair or washing except emergency (Art. 7.3)

Architectural approval

Board must approve or disapprove plans within 30 days of submission; if no response in 30 days, deemed approved (Art. 6.1)

Home business

Permitted only as allowed by local ordinance for administrative and professional practice; also Declarant sales activities (Art. 7.1)

Insurance

Owner shall insure personal property and additions to Unit (Art. 9.1C)

Use restrictions

All Condominiums are for residential purposes; no trade or business except administrative/professional practice allowed by local ordinance and Declarant's sales activities (Art. 7.1)

Voting & meetings

Class A (each Owner other than Declarant) one vote per Unit; Class B (Declarant) up to three votes per Unit owned (Art. 3.3)

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