Bethany Bay Condominiums

Key facts from Bethany Bay Condominiums's documents

Reflects the 1991 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Bethany Bay Homeowners’ Association, Inc.

Developer / declarant

Linder & Company, Inc.

Governing law

Unit Property Act of the State of Delaware (25 Del. Code Chapter 22) (Article 1, definition of "Unit Property )

Assessments & dues

Not fixed; determined annually by Council budget (Code of Regulations Article 4A: "the Cou)

Special assessments

Council may adopt special assessment; must provide written report with amounts, reasons, and payment method (lump sum or installments) (Code of Regulations Article 4B)

Collections & liens

Council shall have a lien against a Unit for unpaid assessments; may be foreclosed like mortgage; includes costs, fees; priority over all liens except first mortgage (Article 11D)

Reserves & fees

Budget shall include general operating reserve, reserves for contingencies and replacements (Code of Regulations Article 4A)

Leasing & rentals

Leasing allowed; Owner must provide for full compliance with Condominium Documents by lessee and Owner is personally liable for failures (Article 6N)

Maintenance

In multi-unit buildings, roof is not part of Unit; thus part of Common Elements maintained by Association. In single-unit buildings, roof is part of Unit and maintained by Owner. (Article 6C (single-unit building include)

Insurance

Property insurance for replacement value less $1,000 deductible per occurrence, with agreed amount and condominium replacement cost endorsements without deduction for depreciation. (Code of Regulations Article 7A(1))

Use restrictions

Units shall be used for residential purposes, except with Council's written consent for other uses complying with zoning; Declarant or Council may allow office/sales related to Property or Bethany Bay development (Article 6G)

Voting & meetings

Owners vote in proportion to Proportionate interests for corporate shares; Council election by majority of votes cast; special meeting petition requires 35% Proportionate interest (Code Art 13: "Owners shall own shares in)

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