COMMON CHARACTERISTICS OF
COMMUNITY ASSOCIATIONS

Davis-Stirling common interest develops all share common characteristics that make them community associations, whether they be condominiums, planned developments, commercial condos, stock cooperatives or the like. Without these elements, they do not qualify as Davis-Stirling associations. Those elements are:

1. Governing Documents. All owners will be bound by governing documents that restrict some activities and mandate others. The documents will include a recorded declaration of covenants, conditions and restrictions (CC&Rs) for condominiums and planned developments or bylaws for stock cooperatives.
2. Mandatory Membership. Membership is imposed by the governing documents and cannot be separated from the member's ownership interest.
3. Assessments. Assessments may be monthly, quarterly or annual but are mandatory and are enforceable through liens and foreclosure.
4. Volunteer Board. Associations are governed by volunteers elected by the membership.

Updated by ADAMS KESSLER 10/31/2007