You might have a winner here but I am betting that you have missed something or have incorrect info from your ins agent (needs to know the property is a rental) / property tax numbers (look for state/county and CITY property taxes not just county taxes) / attend a HOA meeting meet the leadership and get a feel for their agenda IE New roofs Paving etc that will cause fee surges.

If it's a condo, check out the financials of the condo association and be absolutely sure they have money and they have a good leadership team in place such as a board of directors or management company.

Thanks for the advice; I was somewhat surprised to see such a disparity in opinions on this.After reading this I was prepared to cover at least half $52.50, or maybe even the whole $105, but I was able to get the tenant, myself, and our bank on a conference call today where they dropped all the overdraft fees.  

Orcale and other companies moved their conference for that reason too. 

We set our rents at the cap of an E-5, since they are forming families, have achieved a bit of maturity with leadership skills...and there are many more E-5s than O-5s at this locations. 

I posted links to specific California laws and suggested she confer with a lawyer, but only response from OP has been asking if it is legal to put in a lease.

Short version: Additional interest offers you notification of policy status, additional insured confers liability coverage to you.  

Masslandlords.net has chapters around the state, but also NWCLA is very good, as the leadership is very knowledgeable.  

Traditionally Monthly Residential Lodging for business travelers has been called - Corporate Housing - estimated at $10 billion in annual rentals in the US (according to the last SKIFT conference). 

This is only one example of the crazy leadership of that "progressive"/socialist city.