The 1870 Jackson Street Homeowners Association

Key facts from The 1870 Jackson Street Homeowners Association's documents

Reflects the 2015 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Section 4000 et seq.) (Recital D, page 7)

Special assessments

Permitted for (a) deficits, (b) extraordinary expenses for repair/maintenance with threat to health/safety, or (c) expenses that could not have been reasonably foreseen during budgeting; Board must make written findings. (Section 5.7, page 41)

Collections & liens

Association has lien for delinquent assessments; may foreclose after 30 days of recording Notice of Delinquent Assessment; first mortgage foreclosure extinguishes assessment lien as to purchaser; foreclosure may be by court action or nonjud (Sections 6.2.3, pages 45-50; page 48 "fo)

Reserves & fees

Interest at 12% per annum from the due date. (Page 43 "twelve percent (12%) per annum )

Voting & meetings

One vote per Condominium Unit; no fractional votes; joint owners must cast vote as a unit. (Page 29 "in no event more than one (1) v)

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