All The Benefits of UTC Condo Living!

Condominiums, townhomes, and even single-family homes are most often located in what is called a Common Interest Development (CID). A CID is a development involving a combination of individually owned lots or units, along with common area spaces or parcels shared with other owners in the same development.
Why buy a Condo in San Diego?

Advantages

• Common Interest Developments offer a home ownership interest in attractive properties in convenient locations, coupled with desirable amenities often not available to most owners residences outside of a CID.
• Enjoy the feeling of “Home-Sweet-Home” and build wealth and equity for the future with a condo or townhome purchase.
• Escape from renting and “throwing your money down the drain.”
• Condos offer affordable home ownership
• Condo ownership increases equity
• Enjoy amenities CIDs often have to offer
• Shared vision of “quality living” with neighbors
• Freedom from building and common area maintenance
• Increased security
• Built-in social networking/activities
• Ease of “move-up” or “move down” mobility
• Management choices
• Shared decision-making
• Shared expenses
• Home ownership tax advantages (deductible mortgage interest and property taxes, as well as capital gain tax treatment and exclusions
• Proximity to conveniences
• Excellent sales appeal in an “up economy”

Architectural Styles
1. High rise (min. of 10 stories)
2. Mid rise (4-10 stories)
3. Low rise (up to 3 stories)
4. Townhouse (condo consisting of 2 or more stories; no other units above or below)
5. Garden style (low-rise with predominant, lush landscaping
6. Free standing (single-family style)
7. Duplex (two-family structure with one side mirroring the other, shares common wall and roof.

The Davis-Stirling Act
The Davis-Stirling Common Interest Development Act is the popular name of the portion of the California Civil Code beginning with section 4000, which governs condominium, cooperative, and planned unit development communities in California. It was authored by Assemblyman Lawrence W. Stirling and enacted in 1985 by the California State Legislature. In 2012, the Act was comprehensively reorganized and recodified by Assembly Bill 805. As of January 1, 2014, Title 6 (commencing with Section 4000 of Part 4 of Division 2 of the Civil Code) is repealed, effectively replaced by newly added Part 5 (commencing with Section 4000) to Division 4 of the Civil Code.

Under Davis-Stirling, a developer of a common interest development is able to create a homeowner association (HOA) to govern the development. As part of creating the HOA, the developer records a document known as the Declaration of Covenants, Conditions, and Restrictions (CC&Rs) against the units or parcels within the HOA with the county recorder.

Homeowners Association (HOA)
Although The California Davis-Stirling Act does not specifically provide a definition for a Homeowners Association or HOA, an HOA is generally understood to mean: a legal entity created by a real estate developer, or group of property owners, by which a community development is manged, its commonly owned improvements and amenities are maintained, and its rules and regulations are enforced, through a Board of Directors or other governing board.

Governing Documents
Governing documents define the rights and responsibilities of the association and its owners. They set policies and create a contractual relationship between the owners and the association. These documents may include any of the following:

• Declaration of Covenants, Conditions & Restrictions (CC&Rs)
• A condominium plat, map or plan
• Articles of Incorporation / Association
• Bylaws
• Operating Rules – Rules Regulations
• Other documents that govern the operation of the common interest development or association.