Baylis Estates

Key facts from Baylis Estates's documents

Community type

Covenant / Planned Community

Legal name

Baylis Estates

Developer / declarant

Intrinsic Financial, L.L.C.

Governing law

Delaware Uniform Common Interest Ownership Act, 25 Del. C. Section 81-101 et seq. (Intent of Submission)

Assessments & dues

by Executive Board through annual budget adoption; budget must be provided to Unit Owners with meeting notice 14-60 days later; rejected by majority of all Unit Owners (Section 6.3.1)

Special assessments

allowed for capital improvements, reserve inadequacy, operating cost overruns; requires budget ratification unless emergency (unanimous Executive Board vote) (Section 6.3.5)

Collections & liens

Yes; assessments constitute a continuing lien on the Unit and may be foreclosed; also personal obligation of owner at time assessment fell due (Section 6.4, 6.5)

Reserves & fees

required for replacements of Common Elements; amounts determined by Executive Board; may be expended only for replacement, major repairs, start-up expenses, operating contingencies (Section 6.3.10)

Architectural approval

Yes, for any exterior alteration, construction, modification, addition, change, or removal of plants/trees/shrubs (Section 7.1, 7.6.1)

Maintenance

Owner: all maintenance and repair of structures, lawns, landscaping, improvements not Common Elements; Association: Common Elements including Recreational Facility (Sections 5.1.2, 5.2)

Voting & meetings

Class A (Unit Owners except Declarant): 1 vote per Unit; Class B (Declarant): 1 vote per Unit owned or right to submit Units (Section 3.3.1 and 3.3.2)

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