Parke at Foulkstone

Key facts from Parke at Foulkstone's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Bylaws Article I Section 1: "Condominium)

Units / lots

14 (as of Second Amendment Schedule C) (Second Amendment Schedule C lists 14 uni)

Developer / declarant

Montchanin Foulkstone, LLC, a Delaware limited liability company (First Amendment opening paragraph)

Governing law

Delaware Uniform Common Interest Ownership Act (25 Del. C. §81-101, et seq.) (First Amendment Background WHEREAS; Byla)

Age restriction

All Unit Owners and occupants are bound by age restrictions set forth in the Declaration (Bylaws Article II Section 8: "all Unit O)

Assessments & dues

Set by annual budget; each unit pays proportionate share based on Percentage Interest (Bylaws Article V Section 1(e))

Special assessments

Allowed; before end of Declarant control period, Executive Board may levy special assessment at its discretion; after, must follow budget ratification procedures unless emergency by unanimous board vote (Bylaws Article V Section 1(f))

Reserves & fees

Requires Working Capital and Repair and Replacement Reserve, Operating Reserve (at least 10% of annual budget), and Repair and Replacement Reserve based on current Reserve Study (Bylaws Article V Section 1(h)(1)-(3))

Use restrictions

Implied; units used for residential purposes subject to rules regarding behavior and occupancy (Bylaws Article III Section 2(h): "Units )

Voting & meetings

Voting is on a percentage basis equal to Percentage Interest in Common Elements (Bylaws Article II Section 9)

Amendments

Declaration may be amended by Declarant (as attorney-in-fact for all unit owners) to expand condominium; Bylaws may be amended by Executive Board consistent with §81-306 of Act; association meetings may amend with required vote (Bylaws Article III Section 2(a): "adopt )

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