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.

Developer / declarant

WILLIAM F. CREAGER

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))

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.