Cottage Club Condominium

Key facts from Cottage Club Condominium's documents

Reflects the 1983 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Title and Section 1)

Legal name

COTTAGE CLUB CONDOMINIUM ASSOCIATION OF OWNERS, INC.

Governing law

Delaware Unit Property Act, 25 Del. C. Sections 2201-2240 (Title and Section 2(u))

Reserves & fees

Common Expenses may include 'repair and replacement reserves as may be established' (Section 2(e)(2))

Home business

Prohibited: 'no industry, business, trade, occupation ... shall be conducted' without Council consent (Section 7(e))

Signs & flags

No 'For Sale' or 'For Rent' signs without Council written consent; exception for owner/agent on unsold units and mortgagee-owner (Section 7(e))

Maintenance

Council or Unit Owner depending on obligation to maintain; unit owner responsible for interior decorations at own cost; Council responsible for common elements; compliance with laws at sole expense of responsible party (Section 7(c) and Section 8)

Use restrictions

true (Section 7(a): 'Each Unit shall be used o)

Voting & meetings

Majority of Unit Owners means owners of more than 50% in aggregate in interest of undivided ownership of the Common Elements; each unit has 12.50% percentage interest (Section 2(i) and Schedule B)

Amendments

By majority of Unit Owners in person or proxy at a meeting; requires prior written approval of mortgagees holding first liens on more than 50% of mortgaged units; percentage interest change requires unanimous consent of affected Unit Owners (Section 16)

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