Seashore Villas Condominum Community

Key facts from Seashore Villas Condominum Community's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Page 77: 'form of ownership as a condomi)

Units / lots

up to eighty-seven (87) residential condominium units (Page 77: 'up to a total of eighty-seven )

Developer / declarant

DRC Properties, LLC, a Delaware limited liability company (Page 77: 'by DRC Properties, LLC, a Dela)

Governing law

Delaware Uniform Common Interest Ownership Act (DUCIOA), Chapter 81, Title 25 of the Delaware Code (Page 77-78: 'pursuant to the provisions )

Assessments & dues

Based on budget adopted at least annually; first Annual Assessment no later than 60 days after first conveyance of a Unit. (Section 4.03(a) and (c), Pages 89-90: 'A)

Special assessments

Allowed by Board for unexpected/extraordinary expenses, subject to same process as budget approval, except emergency Special Assessments may be effective immediately with unanimous Board vote and prompt notice. (Section 4.07(a), Pages 91-92: 'the Board)

Collections & liens

Declaration creates a perfected, consensual, and continuing lien on the Unit for Assessments. Subordinate to first mortgages but has priority for up to 6 months assessments. Foreclosure allowed via equitable foreclosure or other lawful proc (Section 4.01(b) and 4.09(e), Pages 89 an)

Reserves & fees

Repair and Replacement Reserve Account required, based on current Reserve Study, fully funded per DUCIOA minimum percentage of annual budget. (Section 4.03(a), Pages 89-90: 'a repair )

Pets

Yes, but Association has right to limit the number and type of pets that use Common Elements. (Section 2.09(a), Page 86: 'the right of )

Leasing & rentals

Reference to Section 11.02 Leases in table of contents, but content not provided. (Table of Contents Page 75: 'Section 11.0)

Architectural approval

Yes, Article VII Design Review and Architectural Control, but specific rules not provided. (Article VII heading, Page 73: 'ARTICLE V)

Maintenance

Roof structure and roof surface of each Building are Limited Common Elements for a Unit in that Building. Unit Owner responsible for maintenance and repair of Limited Common Elements appurtenant to Unit, unless Master Association elects to (Section 2.05(b)(vii) and (d), Pages 82-8)

Voting & meetings

Each Unit Owner is entitled to one (1) vote per Unit owned. (Section 2.08(b), Page 85: 'each Unit Own)

Amendments

Referenced in Article XIV Section 14.06 Amendment, but content not provided in excerpt. Amendment process for adding Phases described in Article XII. (Table of Contents Page 75: 'Section 14.0)

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