Cea-Dag Condominium

Key facts from Cea-Dag Condominium's documents

Community type

Condominium

Legal name

CEA-DAG CONDOMINIUM

Units / lots

Phase 1: 6 units; Phases 2-14: up to 108 units; total up to 114 (Paragraph 4 (page 4) and Paragraph 6(a) )

Developer / declarant

CEA-DAG ENTERPRISES, LLC

Governing law

Unit Property Act of the State of Delaware, 25 Del. C. §§2201-2242 (Paragraph 1 (page 1) and Paragraph 2(z) )

Assessments & dues

Common Expenses are sums lawfully assessed by the Council, including administration, maintenance, repair and replacement of Common Elements, insurance premiums, and all valid charges against the Condominium. (Paragraph 2(f) (pages 1-2))

Reserves & fees

Repair and replacement reserves may be established as part of Common Expenses. (Paragraph 2(f)(ii) (page 1))

Home business

Prohibited: no industry, business, trade, occupation or profession of any kind shall be conducted on the Property, except Developer's sales activities. (Paragraph 12(e) (page 10))

Signs & flags

Only Developer or its agents may place 'For Sale' or 'For Rent' signs on unsold units or Common Elements; mortgagee-owners may also place such signs. (Paragraph 12(e) (page 10))

Use restrictions

Each Unit shall be used only for residential purposes; any other use permitted by zoning requires written Council approval. (Paragraph 12(a) (page 10))

Voting & meetings

Each Unit has a vote equal to all other Units. Additionally, voting rights are based on Percentage Interest as stated in Schedule C, reallocated upon expansion per Schedule D. (Paragraph 6(f) (page 6) and Paragraph 9 )

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