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Definition
| Area of real estate that is comprised of subdivided lots |
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| Unit within a housing complex that is individually owned |
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| Governing body of the condo complex |
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| Group established for the purpose of resolving disputes between owners within the association, enforcing architectural restrictions, and caring for common areas with respect to safety and aesthetic conditions, etc. |
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Definition
| Housekeeping details of a homeowner's association |
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Definition
| May be comprised of residential, commercial, retail, and industrial uses on the same tract of land |
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| Planned Urban Development |
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Definition
| Common interest developments with an eye toward making the property attractive to residential and commercial growth in light of government regulation |
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| Vacation Ownership and Timeshare Act of 2004 |
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Definition
| Purchasers of timeshares are given public reports to rely upon when contemplating a purchase |
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Definition
| Common interest development in which an owner is entitled to the use of the property for a certain time |
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Definition
| Regular fees paid by members of the homeowner's association |
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Definition
| Fees charged for unusual or infrequent expense |
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Definition
| Obligation to act in the best interest of another |
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Term
| Davis-Sterling Act/Common Interest Development Act (CID) |
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Definition
| Provides framework for the creation and governance of homeowner's associations |
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Definition
| Formal contractual agreements of the rules under which the individual owners operate |
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Definition
| Create records of subdivision lots |
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Definition
| CA Business and Professions Code Sections that deal with subdivision law |
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Term
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Definition
| Must file before offering a property with a subdivision for sale or lease |
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Definition
| Assists potential buyers and lessees in gathering information pertaining to the subdivision |
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Term
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Definition
| Contains information about taxes, environmental issue, property restrictions and financing terms |
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