Azalea Woods

Key facts from Azalea Woods's documents

Reflects the 2023 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Azalea Woods Community Association, Inc., a Delaware non-stock corporation (Preamble: 'Azalea Woods Community Associ)

Units / lots

610 living units (existing or planned), and no additional beyond that (Section 2.2: 'in no event shall the Comm)

Governing law

Delaware Uniform Common Interest Ownership Act (DUCIOA) (Section 3.1(i) and Section 5.3(d) refere)

Assessments & dues

Not set in document; General Assessment set by Board budget; Lot-Only Assessment of $50/year prior to certificate of occupancy (Section 5.3(b) for Lot-Only Assessment; )

Special assessments

Allowed; if exceeds 15% of annual budget, requires 51% owner approval and Community Founder consent during its Rights and Obligations Period; also can be levied against individual owner for compliance costs (Section 5.4(a) and (b))

Collections & liens

Assessments, including interest, costs, fees, become a lien on the Living Unit; Association may foreclose; lien subordinate to first or second mortgage; foreclosure extinguishes prior delinquent installments (Sections 5.1, 5.10, 6.1)

Reserves & fees

Required; Board sets contribution amount as part of budget; included in General Assessment (Section 5.8)

Leasing & rentals

Yes, but must be for entire dwelling; minimum one-year term except for Participating Builders; no hotel/transient use; lease subordinate to Association lien; owner and tenant jointly liable (Section 3.4)

Architectural approval

Review Entity must respond within 30 calendar days of complete application; if no response, applicant gives written notice; if no response within 15 more days, approval deemed granted, subject to Community Founder veto (Section 7.8(b))

Voting & meetings

One vote per Living Unit; if multiple owners they determine how to vote; lessee may be assigned voting right by written instrument (Section 4.3)

Amendments

Community Founder may amend unilaterally during its Rights and Obligations Period (Article 14); changes required by lenders; Community Founder has power of attorney; reserved rights in Section 14.5 (Article 14 (Sections 14.2, 14.3, 14.5))

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