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Definition |
a real property development other than a
community apartment project, a
condominium project, or a
stock cooperative
, having either or both of the following features:
- Common area that is owned either by an
association or in common by the owners of the
separate interests who possess appurtenant rights to the beneficial use and enjoyment of the common area.
- Common area and an
association that maintains the common area with the power to levy assessments that may become a lien upon the
separate interests in accordance with Article 2 (commencing with
Section 5650) of Chapter 8.
(Added by Stats. 2012, Ch. 180, Sec. 2. (AB 805) Effective January 1, 2013. Operative January 1, 2014, by Sec. 3 of Ch. 180.)
CA Civ. Code § 4175
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