Telegraph Terrace Condominium Owners Association

Key facts from Telegraph Terrace Condominium Owners Association's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Page 1: Telegraph Terrace Condominium Ow)

Legal name

Telegraph Terrace Condominium Owners Association

Governing law

California Civil Code (Section 6.8: California Civil Code Secti)

Special assessments

Special Assessments defined in Article 1; may be levied pursuant to Section 6.2; Emergency Special Assessment defined in Article 1 and Section 9.11(d) (Article 1 definitions; Section 6.2; Sect)

Collections & liens

Association may record Notice of Delinquent Assessment; lien effective; foreclosure permitted after 30 days of demand; must comply with Civil Code Section 5725(a) and provide notice with itemized statement, right to request meeting, etc. (Section 7.3, 7.5, 7.6, 7.7, 7.8)

Reserves & fees

Reserve funds segregated; withdrawal requires at least two Board members; temporary transfer to operating account allowed with written finding and repayment within one year; may be replenished via Special Assessment (Section 6.3 Accounting Treatment of Rese)

Leasing & rentals

Absolute right to lease, subject to Governing Documents (Section 3.12: Owner shall have the absol)

Architectural approval

Board shall approve or disapprove within 60 days after receipt of complete application; if not approved, written response must include direction for unconditional approval (Section 5.4: within sixty (60) days unle)

Maintenance

Owner from whom damage to Common Area or another Unit originated shall pay for repair; if insurance deductible not paid, Association may levy Reimbursement Assessment (Section 4.5: Owner of the Unit from whic)

Insurance

Association shall maintain property insurance for Common Area improvements (replacement cost), extended coverage, liability insurance of $2,000,000 for City and County; additional coverages required by FNMA/GNMA (Section 9.7 General Provisions; Section )

Use restrictions

Condominium use is residential (Section 3.6 Condominium Use (implicitly )

Voting & meetings

Each Owner has voting power; amendment requires majority of total voting power (at least 11 out of 20 votes) (Page 1: at least a majority of the total)

Amendments

By affirmative vote of Owners of a majority of total voting power; effective upon recording; secret ballot per Bylaws; certain actions (e.g., changing voting method, adding liens) require 51% and 67% approval of First Mortgagees (Section 11.1; Section 10.2 Approval of F)

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