SHYBARY GRAND RESIDENTS
312 West 5th Street
Los Angeles, CA 90013
HOAs 101

FACTS
  • We live in a common interest development.

  • Our common interest development was formed by a corporation called Barry's Loft, later changed to Shybary Grand, Inc.

  • The Shybary Grand is composed of 280 residential units and 1 commercial unit.

  • Our Shybary Grand corporation houses our Homeowner's Association (HOA) governed by our elected Board of Directors:

  • President:
    		•  Barry Shy (also the Developer)
  • Vice President:
    		•  Christopher Waldapfel
  • Secretary:
    		•  Amit Tidhar (Developer's Nephew)
  • Treasurer:
    		•  Matthew Wunderlich
  • Member of the Board:
    		•  Rommy Shy (Developer's Son)

  • If you own a unit at the Shybary Grand, you are automatically a "Member" of the "Association".

  • Because the Shybary Grand is a corporation, a common interest development, and a homeowner's association in the State of California, our "Board" of directors must see that the building is governed and managed according to the following California Laws:

  • Additionally, common interest developments create their own Covenants, Conditions, Restrictions (CC&Rs) and Bylaws to further define the governance of their specific building development.


  • The Shybary Grand has also adopted Rules & Regulations.


  • In order to carry out the will of the Membership, the Board hires a Management Company.

  • Our management comany appears to be: 5th Street Lofts LLC. The exact situation of our management company doesn't seem to have been clarified, but by all accounts, it appears to be owned and operated by the developer Barry Shy.
If you are a unit owner at the Shybary Grand,

The board of directors and management company WORK FOR YOU.

Your vote gives the Board the privilege of governing the association in accordance with the laws of California. Your monthly HOA dues pay for the maintenance of the common structures of the building - the roof, the outside walls, the common water heaters, plumbing, common area maintenance, cleaning, etc. Your monthly dues pay for the management company's services.
Let's take a big giant step toward enjoying our rights as homeowners. Let's get the homeowners' voices on the board and make decisions to get our building's finances out of the red and in to the black.

Some Informative Links


Home
This site was written in consultation with lawyers, but was not written by a lawyer. Please verify all information presented.