Sandy Walk

Key facts from Sandy Walk's documents

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

Community type

Condominium (Paragraph 1 and throughout)

Legal name

Sandy Walk

Developer / declarant

Baltimore Trust Company (First paragraph of Declaration)

Governing law

Unit Property Act, 25 Del. C. § 2201, et seq. (First paragraph and Paragraph 7)

Assessments & dues

Based on percentage of ownership in common elements; expenses allocated proportionally (Paragraph 5: 'percentage share of each u)

Special assessments

Permitted; Council may levy special assessment against unit owners in proportion to undivided interest for excess repair costs (Paragraph 12(b): 'upon special assessmen)

Collections & liens

Association may file and claim a lien for assessments, but such liens are subordinate to mortgages (Paragraph 11: 'the association from fili)

Leasing & rentals

Yes; 'shall not in any way preclude the rental or lease of such units by any owner thereof for any time or duration' (Paragraph 13)

Use restrictions

Units shall be used for residential purposes only, including temporary/vacation residence; rental or lease is permitted (Paragraph 13)

Voting & meetings

Based on percentage of ownership in common elements; initially each unit has 25% (Paragraph 5: 'percentage representing su)

Amendments

Unanimous agreement of all owners and holders of mortgages, judgments, and other liens, except as provided by 25 Del. C. § 2229 for damage/destruction (Paragraph 10)

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