Rose Garden Condominium (DE)

Key facts from Rose Garden Condominium (DE)'s documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Rose Garden Condominium

Developer / declarant

SHORE BUILDING SUPPLY, INC.

Governing law

Unit Property Act, 25 Del. C. Sec. 2201 et seq. (Preamble and paragraph 1)

Special assessments

Council may levy special assessment for excess insurance repair costs against affected unit owners in proportion to ownership (Paragraph 12(b))

Leasing & rentals

Rental or lease by any owner for any term or duration is not precluded (Paragraph 13)

Insurance

Buildings insurance (fire, casualty, etc.) to full insurable replacement value; machinery/plate glass; workers' compensation; comprehensive general liability ($100k/$300k/$50k) (Paragraph 12(a)(1)-(4))

Use restrictions

Residential purposes only, including temporary/vacation residence; rentals permitted (Paragraph 13)

Voting & meetings

Percentage share in common elements as per Schedule C; voting rights based on percentage ownership (25 Del. C. Sec. 2219(5)) (Paragraph 5)

Amendments

Change in percentage ownership requires amendment executed by all affected unit owners; revocation or removal from plan requires unanimous agreement of all owners and mortgage holders, except as per 25 Del. C. Sec. 2229 in case of substanti (Paragraphs 6 and 10)

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