Townes at Bayshore Village

Key facts from Townes at Bayshore Village's documents

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

Community type

Condominium (Recital C, Section 1)

Governing law

Delaware Unit Property Act (Chapter 22, Title 25 of the Delaware Code) (Recital C)

Assessments & dues

Not fixed; determined by Council annually based on budget (Section 8)

Special assessments

Allowed by Council for capital improvements, unexpected repairs, emergencies, etc. (Section 8)

Collections & liens

Unpaid assessments are a continuing lien on the Unit; may be foreclosed like a mortgage; also personal obligation (Section 8)

Reserves & fees

Operational reserve and repair/replacement reserve established; at least 50% of Initial Assessment to repair/replacement reserve (Section 8)

Leasing & rentals

Yes, subject to conditions (Section 10)

Architectural approval

Yes, for structural additions, alterations, improvements, changes to exterior appearance (Section 12(g))

Home business

Permitted if secondary to residence; no commodity storage/sales from unit, no clients on site, no advertising/signage (Section 12(a))

Maintenance

Unit Owner: Unit and Limited Common Elements; Association: Common Elements; detailed in Exhibit D (Section 9, Section 6)

Insurance

Multiperil master/blanket policy on entire Condominium (Units and Common Elements) at 100% replacement cost; also flood and liability (Section 15(a), 15(b))

Use restrictions

Yes, except Declarant's sales offices/models (Section 12(a))

Voting & meetings

Each Unit Owner entitled to votes equal to percentage interest in Common Elements; may vote in person or by proxy (Section 7)

Amendments

Amendment in accordance with Declaration; specific sections 19, 23, 38 referenced for phase additions (Section 1, Sections 19,23,38)

Amenities

Pool area, boardwalk, bulkhead, piers and boat slips, marina (Section 6(a)(x), (xi), (xiii), Section 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.