Villa Marina Condominium Homeowners Association

Key facts from Villa Marina Condominium Homeowners Association's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium leasehold ownership (Title page and Recitals: 'establish a pl)

Legal name

Villa Marina Condominium Homeowners Association

Developer / declarant

Villa Marina II, a California Limited Partnership (Article I, Section 7: 'The "Declarant" s)

Governing law

California Civil Code Sections 1350 to 1359, and Section 783 (Declaration: 'satisfy the requirements o)

Assessments & dues

Board estimates total funds, distributes budget at least 60 days before year, approved by Board becomes regular assessment (Article VI Section 5(a))

Special assessments

Allowed; limitations: Board may not levy special assessments exceeding 5% of budgeted gross expenses without vote of majority of total voting power and majority of non-subdivider members (Article VI Section 1(c))

Collections & liens

Lien created by recording Notice of Assessment after 15-day notice of default; foreclosure by judicial or power of sale under CC §2924; Association may bid at sale (Article VII Sections 2 and 3)

Reserves & fees

Late charge together with interest at legal rate for delinquent installments (unpaid 15 days after due date) (Article VI Section 8)

Voting & meetings

One vote per condominium; Time Share Owners Association gets one vote per time-share unit; cumulative voting for Board elections; one Board representative elected solely by non-subdivider owners (Article V Sections 2(a), 2(b), 2(c) (Cum)

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