Century Park East HOA

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310-277-3810

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Century Park East May 2, 2022 

General Notice for Proposed Amendment to the CC&Rs due to AB3182

At the open meeting on May 31, 2022, pursuant to Civil Code section 4741(f), the Board of Directors will consider any comments made by association members concerning, and will decide whether to approve, the following amendment to sections 8.1 and 8.2 of the CC&Rs, as indicated in red:  

8.1 Must Reside in Unit. So as to achieve a stabilized community of owner-occupied units, to avoid artificial inflation of prices caused by resales by speculators and to ensure compliance with secondary mortgage requirements, 

    1. A maximum of twenty-five percent (25%) of the total Units can be leased or rented at any one time. If more than twenty-five percent 25% of the total Units are leased or rented as of the effective date of these CC&Rs, such Units may remain leased or rented, but no additional Units can be leased or rented until such time as the total number of Units that are leased or rented is less than twenty-five percent 25% of the total Units. 

    2. If and when not prohibited by law, including without limitation Civil Code sections 4741 and any successor statutes, the following shall be operative:

      Members shall not lease their Units until they have physically resided in their Units as their primary residence continuously for at least one (l) year. For legal entities the restriction applies as follows: (i) for corporations, a shareholder with a majority shareholder interest must reside in the Unit, (ii) for partnerships, a partner with a majority partnership interest must reside in the Unit, (iii) for limited liability companies, a person with a majority ownership interest in the company must reside in the Unit, (iv) for trusts, a trustee must reside in the Unit, (v) for any other legal entity, the majority owner of the entity must reside in the Unit. This restriction shall not apply to Units (i) transferred through inheritance, (ii) transferred into a trust for estate planning purposes, or (iii) owned by the Association. 

8.2 Lease Requirements. No Member shall lease less than the entire Unit nor shall the lease be forAll leases shall have an initial term of more than thirty (30) days less than one (I) year. Units may not be used for time-share purposes, hotel-like operations or other transient purposes for a period of thirty (30) days or less. In addition, any lease or rental agreement between Member and Tenant shall be in writing and shall contain, at a minimum, the following terms: (i) Tenant agrees to comply with the Association's Governing Documents and failure to do so constitutes a default under the lease; (ii) there shall be no right of assignment or sublease; and (iii) Tenant shall obtain and maintain renter's insurance with appropriate limits, in no event less than $100,000, to ensure against property loss and personal injury. The Member shall provide a copy of the lease to the Association before the Tenant takes possession of or occupies the Unit. Any lease that does not otherwise comply with the Governing Documents shall be void from its inception. All leases and rental agreements for Units shall be deemed to contain all of these terms. 

If and when not prohibited by law, including without limitation Civil Code sections 4741 and any successor statutes, the following shall be operative: No Member shall lease less than the entire Unit nor shall the lease be for an initial term of less than one (I) year, and Units may not be used for time-share purposes, hotel-like operations or other transient purposes for any period of time. 

The purpose of this amendment is to comply with newly enacted Civil Code section 4741 (AB 3182 and AB 1584), which requires that the Board, without approval of the Members, amend the CC&Rs to comply with the statute’s requirements for rental restrictions. The effect will be to provide for rental restrictions that are permitted by that statute and render ineffective the prohibited previous restrictions until such time, if ever, that they are no longer prohibited by law. 

2160-2170 CENTURY PARK EAST LOS ANGELES, CALIFORNIA 90067 (310) 277-3810 www.centuryparkeasthoa.com