True Hope Square Homeowners Association

Key facts from True Hope Square Homeowners Association's documents

Community type

Covenant / Planned Community

Legal name

True Hope Square Homeowners Association

Governing law

Davis-Stirling Common Interest Development Act (California Civil Code Section 1351 et seq.) (PAGE 7: 'under the provisions of the Dav)

Assessments & dues

Regular Assessments set by Board; increases >20% require majority Owner approval at quorate meeting. Special Assessments require Board vote; if cumulative exceed 5% of budgeted gross expenses, membership approval needed. (Sections 4.5(a), 4.5(b), 4.4, 4.6)

Special assessments

Levied when common expenses are inadequate; requires majority Board vote. If cumulative exceed 5% of budgeted gross expenses, requires membership approval (Section 4.5(b)(ii)). (Sections 4.4, 4.5(b)(ii))

Collections & liens

Delinquent assessments plus late fees, interest, costs become a lien after recording notice of delinquent assessment. Lien may be foreclosed by court or trustee sale per Civil Code sections. (Sections 4.13, 4.14)

Reserves & fees

Association shall establish reserve accounts for future repair/replacement of Common Area major components. Board may transfer funds temporarily with written finding. (Section 4.3(d): 'reserve funds for any p)

Pets

Yes, but limited to one domesticated bird or aquatic animal in aquarium, or other animals agreed with Association. (Section 7.4: 'An Owner [is] allowed to k)

Leasing & rentals

Yes, with restrictions. (Section 7.7: 'Owners [are] entitled to r)

Architectural approval

Prior written approval required for any building, fence, wall, balcony, deck, screen, patio, tent, structure, or exterior alteration. (Section 7.16(a): 'No building, fence, wa)

Home business

Home office permitted; no trade or business conducted. (Section 7.1(a): 'A home office may be ma)

Maintenance

Association responsible for Common Area repair, maintenance, replacement (except Exclusive Use Common Area yards). Owner responsible for Unit interior and Exclusive Use Common Area maintenance; Owner also responsible for damage caused by wi (Section 5.1(a): 'Association shall ... r)

Insurance

Fire and casualty (Special Form) for full replacement value; comprehensive public liability insurance; fidelity bond; flood insurance if in flood zone; earthquake insurance if members vote to purchase. (Section 5.1(b)(i)-(vi): lists types of p)

Use restrictions

Condominiums shall be occupied and used only for residential purposes. (Section 7.1: 'No Condominium shall be oc)

Voting & meetings

Two classes: Class A (each Owner one vote per Unit) and Class B (Declarant with weighted voting until conversion). Under single-class, each Unit one vote. (Section 3.4: 'Class A: ... each Member s)

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