ESPERANZA MASTER ASSOCIATION

Irvine, California
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Reserve studies are required every 3 years under Cal. Civ. Code §5550. Recent legislation affecting California: SB 410 (2025) — Common interest developments: inspection of exterior elevated elements.

Community Profile
Resale Certificate Compliance 15 disclosures required
CA
Community type unverified. Public records do not classify this entity as a specific community-association type. The California common interest community resale-certificate profile below is shown for reference. Confirm the governing documents and association classification before relying on association-specific output.
This association may be governed by Cal. Civ. Code §4525 (California Civil Code §4525). If applicable, California law requires 15 specific disclosures when a unit is sold. The certificate must be delivered within 10 days of request.
New subsection added Effective Jan 1, 2026
SB 410 (Grayson, 2025) amended Cal. Civ. Code §4525 to add a new required item to the resale disclosure package: a copy of the most recent §5551 exterior elevated element (balcony/deck) inspection report. The CA resale-certificate compliance profile (ca_civ_4525) gained a new disclosure item for this report. Effective January 1, 2026 — a current-year statutory requirement. View source

The 15 disclosures, with the statute's text for each, are listed once on the California page.

Under Cal. Civ. Code §4525, the fee must reflect actual cost — preparation, procurement, reproduction, and delivery — itemized. In CommunityPay, an association's manager, accounting firm, or staff generates the certificate from its books, with no per-certificate charge from CommunityPay.
None of these items are confirmed for ESPERANZA MASTER ASSOCIATION. Keep this association's books on CommunityPay to track compliance and generate resale certificates from live ledger data.
California Law That Applies Cal. Civ. Code §4000-6150 (Davis-Stirling CID Act)
Governing act Cal. Civ. Code §4000-6150 (Davis-Stirling CID Act)
Resale certificate 15 disclosures · 10 days · Cal. Civ. Code §4525
Reserve study Annual board review; visual inspection at least every 3 years
California statutes, court decisions, and law changes →  ·  Statutory thresholds →  ·  All California associations →
Registration Details Unclassified Entity · Est. 2019 · Active
Type Unclassified Entity
Governing Statute Cal. Civ. Code §4000-6150 (Davis-Stirling CID Act)
State California
Principal office city Irvine
Principal office ZIP 92602
Development Type Common Interest Development Corporation
Registration California Secretary of State · 4307162
Formed Aug. 12, 2019
Status Active
Applicable Laws 42 California statutes
Petition to reduce supermajority vote required to amend declaration
Documents to be Provided to Prospective Purchasers — Davis-Stirling Act
Transfer Disclosure — Davis-Stirling Act (legacy range descriptor)
Charges for Documents Form (Section 4525 disclosures)
Delivery Deadline, Fees, and Cancellation for §4525 Disclosures
Elections — General application
Board meeting notice
Open meetings — Member attendance and comment
Board meeting minutes — Availability to members
Elections by secret ballot
Election operating rules
Inspector of elections — Independence and duties
Secret ballot procedure — Double envelope and tabulation
Custody of ballots after tabulation
Member records — Definitions
Records production — Timing
Records — Retention periods
Annual Budget Report — Required Disclosures
Annual Financial Review — CPA Threshold
Annual Policy Statement — Required Disclosures
Board Review of Financial Statements
Reserve account transfers — Board authorization required
Reserve Study Requirements
Inspection of exterior elevated elements — SB 326
Reserve disclosure summary — Annual delivery
Assessment and Reserve Funding Disclosure Summary
Assessment levy — Authority and limits
Assessment increase limits — 20% / 5% caps without member approval
Owner personal obligation for assessments
Pre-lien notice — 30-day certified mail requirement
Lien recordation — Notice of delinquent assessment
Notice of delinquent assessment — Content and recordation
Assessment lien — Priority
Foreclosure decision — Executive session vote required
Foreclosure threshold — $1,800 or 12 months delinquent
Schedule of monetary penalties — Notice and hearing
Internal dispute resolution — Required procedure
Alternative dispute resolution — Prerequisite to enforcement action
Alternative dispute resolution — Certificate filed with initial pleading
CC&Rs enforceable as equitable servitudes — Nahrstedt reasonableness standard
Nonprofit Mutual Benefit Corporations — Formation
Quorum of Members — Mutual Benefit Corporations
Source: California state legislature. Statutes verified by CommunityPay. Last verified July 2026.
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Certificates and questionnaires

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ESPERANZA MASTER ASSOCIATION does not use CommunityPay, so we cannot provide its resale certificate or answer lender questionnaires for it. Ask the association's board or its management company.

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Bookkeeping

Statements by the 10th. Every bank account reconciled every month.

We keep the books for associations in Irvine: the monthly close, the reconciliations, the owner ledgers, the audit package in January. $900 a month for an association up to 100 units. The board or the manager approves every payment; we record it.

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Community data is sourced from California Secretary of State public registrations. CommunityPay does not claim a relationship with ESPERANZA MASTER ASSOCIATION unless explicitly stated.
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