Lewes Crest Condominium

Key facts from Lewes Crest Condominium's documents

Reflects the 2021 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Lewes Crest Condominium

Units / lots

Maximum 81; initially 1 (Section 4: Maximum of Eighty-One (81) Un)

Developer / declarant

EVG — COUNTY VENTURES, LLC, a Delaware Limited Liability Company (Section 1)

Governing law

Delaware Uniform Common Interest Ownership Act, 25 Del. C. Section 81-101 et seq. (Section 1)

Assessments & dues

Common Expenses assessed by Council; based on unit's Percentage Interest in Common Expenses (Section 6(f) and Schedule C)

Special assessments

Extraordinary Actions exceeding $25,000 in aggregate per fiscal year require 67% unit owner approval (Section 37)

Reserves & fees

Association shall maintain fully funded repair and replacement reserve for General Common Elements based on current reserve study (Section 28)

Architectural approval

Prior written approval of Council required for any change to exterior appearance of Unit or Limited Common Elements, including painting, staining, adding fixtures, etc. Also required for any alteration or construction in Common Elements (Section 9(j) and Section 9(h))

Home business

No industry, business, trade, occupation for profit shall be conducted on any part of the Property (Section 9(e))

Signs & flags

No For Sale sign during For Sale Sign Period (2 years from first sale or 75% sold); after that, For Sale sign up to 12"x18" on front lawn; For Rent signs prohibited without Council consent; Declarant and mortgagee may place signs (Section 9(f))

Maintenance

Unit Owner maintains Unit and Limited Common Elements; Association maintains Common Elements and those portions of Units and Limited Common Elements specifically provided for in adopted annual operating and reserve budgets (Section 27)

Use restrictions

Each Unit shall be used only for residential purposes (Section 9(a))

Voting & meetings

Percentage Interest per Schedule B; each unit eventually equal percentage as units added (Section 6(f) and Schedule C)

Amendments

By majority vote of Unit Owners; amendments of material nature require 67% vote and written approval of Eligible Mortgagees holding first liens on at least 51% of units subject to mortgages; during Declarant Control Period, Declarant may am (Section 20)

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