Henlopen Peninsula

Key facts from Henlopen Peninsula's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (Section 1.01 - Name of Condominium: Ocea)

Legal name

Ocean One Plaza Condominium

Developer / declarant

Henlopen Peninsula LLC (First paragraph: HENLOPEN PENINSULA LLC,)

Governing law

Unit Property Act (25 Del. C. Section 2201 et seq.) (Title and WHEREAS clauses)

Assessments & dues

Assessed to each Unit in proportion to its Percentage Interest in Common Elements (Section 5.01 and Section 8.05)

Special assessments

Council may levy special assessment for excess insurance costs on Units directly affected (Section 9.05: such excess costs shall be)

Collections & liens

Lien for assessments has priority over all liens except first mortgages and first deeds of trust; enforcement by action at law under 25 Del. C. §2234 (Section 11.01 and Section 8.06)

Leasing & rentals

Yes (Section 6.01.L: A Unit and any part ther)

Architectural approval

Yes, for any exterior changes to Building; also for changes to Common Elements (Section 6.03: No Unit Owner shall paint,)

Home business

Permitted as professional office (Section 6.01.A: professional office purp)

Signs & flags

Prohibited on exterior without prior written consent of Council (Section 6.01.E: no sign, awning, canopy,)

Setbacks / home size

Upper boundary of Units: 50 feet above surface or highest point permitted by applicable law, whichever is higher (Section 3.04: measured vertically above )

Maintenance

Owner (since Building is part of Unit and Owner maintains exterior of Building) (Section 3.04 (Building part of Unit), Se)

Insurance

Council procures general liability (minimum $1M per occurrence, $2M umbrella), property on Common Elements, worker's compensation, and other insurance as deemed advisable (Section 9.01.B)

Use restrictions

Prohibited; Units intended only for hotel, business, clinic, exercise, professional office purposes (Section 6.01.A: The Units are intended o)

Voting & meetings

Majority = owners of more than 50% aggregate percentage interest in common elements (Section 2.01.L: 'Majority' or 'Majority )

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