Bethany Trace

Key facts from Bethany Trace's documents

Reflects the 2002 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1, heading and text)

Legal name

BETHANY TRACE HOMEOWNERS ASSOCIATION, INC.

Units / lots

4 (current); expandable up to additional phases (Section 4: 'two (2) Buildings: (1) one b)

Developer / declarant

MINNER GROUP, L.L.C.

Governing law

Unit Property Act of The State of Delaware, 25 Del. C. Section 2201, et seq. (Section 1)

Reserves & fees

Common Expenses may include repair and replacement reserves (Section 2(e)(2): 'repair and replacement)

Architectural approval

All parts of unit exposed to elements (windows, doors, siding, framing, decks) shall not be changed in appearance without prior written approval of Council; also signs, awnings, canopies, shelters require approval (Section 9(h), 9(i))

Home business

No industry, business, trade, occupation or profit activity permitted on any part of the Property (Section 9(e): 'no industry, business, tr)

Signs & flags

No 'For Sale' or 'For Rent' signs or other window displays or advertising without prior written consent of Council; Developer and mortgagees may place signs on unsold units (Section 9(e))

Setbacks / home size

Each Building shall be one or two stories in height (Section 4)

Maintenance

Unit Owner responsible for damage caused by owner, family, guests, invitees to Common Elements; Council responsible for Common Elements maintenance; interior of units is Unit Owner's responsibility (implied) (Section 9(p), and definitions in Section)

Use restrictions

Each Unit shall be used only for residential purposes (Section 9(a): 'Each Unit shall be used o)

Voting & meetings

Based on percentage interest in Common Elements; each of 4 units has 25% (equal); majority = owners of more than 50% of aggregate interest (Section 2(l), Schedule B)

Amendments

May be amended by vote of majority of Unit Owners in person or proxy; material amendments require 67% vote and approval of mortgagees holding 51% of first lien units; percentage interest changes require unanimous consent of affected Unit Ow (Section 18)

Extracted from the recorded governing documents and cited to them; may be incomplete and is not legal advice — verify against the official documents below.