Pinnacle Market Development and sister entities (referred to here as "Pinnacle") built and sold units in a San Diego, Calif., condominium development called the Pinnacle Museum Tower Condominiums. Pinnacle drafted and recorded a set of covenants, conditions and restrictions (CC&Rs) creating a homeowners association, the Pinnacle Museum Tower Association, to manage and maintain the development. Pinnacle conveyed the development's common areas and facilities to the association, and deeded a fractional ownership interest in the HOA to each unit's owner at the time they purchased their unit; owners were required to remain members of the HOA and to pay HOA dues and assessments. A dispute developed between Pinnacle and the HOA, which argued that Pinnacle was responsible f...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.