One Clarence Place Owners Association

Key facts from One Clarence Place Owners 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

One Clarence Place Owners Association (Article I, p.1: 'Association shall mean )

Units / lots

24 (18 residential + 6 commercial) (Section 2.01, p.6: 'the Development cons)

Developer / declarant

TIN Properties, LLC, a California limited liability company (Execution page, p.50)

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code) (Recital B, p.1)

Collections & liens

After 15 days delinquency, Board may record Notice of Delinquent Assessment; lien prior to all later encumbrances except taxes and prior recorded mortgages. Foreclosure by judicial or nonjudicial. (Sections 4.14-4.15, p.17: 'delinquent fi)

Reserves & fees

Required; separate restrictive accounts. Study at least every 3 years if total replacement cost of major components equals or exceeds $1,000,000. (Section 5.08, p.21: 'Establish and maint)

Use restrictions

Live/Work condominium; commercial use allowed as part of live/work (Section 2.01, p.6: 'live/work residentia)

Voting & meetings

Class A: one vote per unit; Class B (Declarant): three votes per unit (Section 3.06, p.10: 'Class A ... entitle)

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