Iris Court Townhomes

Key facts from Iris Court Townhomes's documents

Reflects the 1995 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (plan of condominium ownership)

Legal name

Iris Court Townhomes

Developer / declarant

BETHANY PROPER LIMITED PARTNERSHIP

Governing law

Unit Property Act of the State of Delaware (25 Del.C. Sections 2201-2249) (paragraph (1))

Assessments & dues

Council assesses Common Expenses (Definition of 'Common Expenses' (2)(e)(i)

Reserves & fees

Mentioned as 'repair and replacement reserves' in Common Expenses definition (paragraph (2)(e)(ii) and (vi))

Fences

Fences constructed in yards are part of Common Elements (paragraph (6)(h): 'fences constructed, i)

Architectural approval

Required for changes to exterior appearance of Unit (paragraph (8)(f): 'shall not change the )

Home business

Prohibited (paragraph (8)(e): 'no industry, business)

Maintenance

Exterior side of doors and windows painted and caulked as general Common Elements; interior maintenance and replacement of those items at Unit Owner's expense; structural parts (foundation, bearing walls, etc.) are Common Elements; limited (paragraph (6)(c) and (d), paragraph (7))

Use restrictions

Yes (paragraph (8)(a): 'Each Unit shall be us)

Voting & meetings

Each Unit has a Percentage Interest as set forth in Schedule B; voting is based on aggregate Percentage Interests. (paragraph (5) and definition of 'Majorit)

Amendments

By vote of majority of Unit Owners, cast in person or by proxy at a meeting; requires written approval of mortgagees holding first liens on more than 50% of Units subject to mortgages; effective upon recording; Percentage Interests cannot b (paragraph (16))

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