Sea Watch Condominium

Key facts from Sea Watch Condominium's documents

Reflects the 1981 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1: "create a plan of condominium)

Legal name

Sea Watch Condominium

Developer / declarant

VERNON REAL ESTATE, LTD. (Section 1: "VERNON REAL ESTATE, LTD., (h)

Governing law

Delaware Unit Property Act (Del. C. of 1974 as amended, Title 25, Section 2201-2240) (Section 1)

Parking & vehicles

Parking area is a general Common Element; one parking space per unit is assigned in the general parking area. (Section 6(h): "one parking space per uni)

Home business

No industry, business, trade, occupation designed for profit, altruism, exploration, or otherwise shall be conducted on any part of the Property. (Section 7(e))

Signs & flags

No 'For Sale' or 'For Rent' signs or other window displays or advertising without written consent of the Council; exception for developer on unsold units and for mortgagee-owned units. (Section 7(e))

Use restrictions

Each Unit shall be used only for residential purposes. (Section 7(a))

Voting & meetings

Majority of Unit Owners means Owners of more than 50% of the aggregate percentage in interest. Amendments require majority vote. (Section 2(k) and Section 16)

Amendments

Amendments require vote of majority of Unit Owners, plus written approval of mortgagees holding first liens on more than 50% of the Units subject to mortgages, and must be duly recorded. Percentage Interest cannot be changed except by unani (Section 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.