Rancho Santa Margarita Property Owners Association

Key facts from Rancho Santa Margarita Property Owners Association's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Common Interest Development under the Davis-Stirling Act; also described as a 'road association' (Recital 2; Section 1.7)

Legal name

Rancho Santa Margarita Property Owners Association

Units / lots

54 separate parcels in the Subdivision; 47 are Members, 7 are Non-Member Owners (Recital 3(b))

Governing law

California Davis-Stirling Common Interest Development Act (Civil Code §4000 et seq.) and Civil Code §845 (Sections 1.7, 4.1, Recitals)

Assessments & dues

Not fixed; comprised of Annual Management Charge (per parcel equally), Annual Road Maintenance Charge (via DTR formula), Annual Road Reserve Charge (via DTR formula), Trail Charges (equal per Member) (Sections 4.1(a)(1), 4.1(b)(1), 4.1(d), 4)

Special assessments

Major Roadwork Charges, Emergency Assessments (per Civil Code §5610), Reimbursement Assessments for damage or violation (Sections 4.1(c), 4.1(f), 4.1(g))

Collections & liens

Delinquent assessment becomes a lien upon recording Notice of Delinquent Assessment; non-judicial foreclosure permitted for Member assessments (except fines alone cannot be basis for non-judicial foreclosure) (Sections 4.2(c), 4.2(d))

Reserves & fees

Annual Road Reserve Fund calculated using Down the Road (DTR) Charge formula; reserves may be borrowed for emergency repairs and replaced via special assessment (Sections 4.1(d), 4.1(c)(3))

Maintenance

Association shall cause maintenance, repair, replacement of roadways and trail easements; also ancillary work like drainage, vegetation abatement (Section 3.1)

Use restrictions

Common Roadways are for residential use by Owners and as set forth in deeds or easement grants (Section 6.1)

Voting & meetings

Voting Power of Members, of Benefitted Owners, of all Owners, of Unit 1 Members, of Unit 2 Members (Sections 1.22-1.26)

Amendments

Amendment requires approval of a majority of Voting Power of Members and recordation; any change to Down the Road Charge formula requires approval of Owners representing 75% of parcels (Section 9.4)

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