Pointe at Bethany Bay Condminiums

Key facts from Pointe at Bethany Bay Condminiums's documents

Community type

Condominium

Legal name

The Pointe at Bethany Bay Condominiums

Management

Legum & Norman

Governing law

Unit Property Act of the State of Delaware (25 Del. Code Chapter 22 and Chapter 81 (as applicable)) (Article 1, definition of 'Unit Property )

Assessments & dues

Proportionate Interest percentages listed in Exhibit B for each Unit (Article 5M: 'The Owner of a Unit shall c)

Collections & liens

Council has a lien against a Unit for unpaid assessments; may be foreclosed in manner of mortgage foreclosure; includes late fees, interest, costs, attorney fees (Article 10(B), (C), (D))

Reserves & fees

Council shall establish and maintain, as a Common Expense, suitable reserves for maintenance, repair, replacement (Article 6(C): 'shall establish and maint)

Leasing & rentals

Lease must provide for full compliance with Condominium Documents; Owner personally liable for noncompliance (Article 5(L): 'A lease of a Unit shall p)

Insurance

Common Elements insured against loss by fire or other casualty, including flood (except garages and storage sheds market value exempt from flood insurance); liability insurance for Council and Association; fidelity bonds for managers and ot (Article 6(C): 'The Council shall cause t)

Use restrictions

Units shall be used for residential purposes, except upon Council's written consent for another use complying with zoning (Article 5(F): 'Units shall be used for r)

Voting & meetings

Votes allocated according to Proportionate Interest of Unit (Article 1: 'Proportionate Interest' and )

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