Commodore Condominium (DE)

Key facts from Commodore Condominium (DE)'s documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 3 'This Condominium shall be kno)

Legal name

Commodore Condominium

Governing law

Unit Property Act of the State of Delaware (Del. C. of 1974 as amended, Title 25, Sections 2201-2240) (Section 1 'submits ... to the Provisions)

Assessments & dues

Common Expenses lawfully assessed against the Unit Owners by the Council; each Unit's share based on its Percentage Interest in the Common Elements (Section 2(e)(1); Section 5)

Special assessments

Expenses agreed upon as Common Expenses by the Unit Owners and expenses declared Common Expenses by the Unit Property Act, Declaration or Code of Regulations are Common Expenses (Section 2(e)(3)-(4))

Collections & liens

All sums lawfully assessed against the Unit Owners by the Council are Common Expenses (Section 2(e)(1))

Reserves & fees

Repair and replacement reserves may be established as part of Common Expenses (Section 2(e)(2) 'including repair and re)

Leasing & rentals

Leasing is not prohibited; Owner must notify Council of tenant leasing for more than one (1) year (Section 19)

Architectural approval

Prior written Council approval required for exterior appearance changes adjacent to Unit (paint color, fixtures, storm door); written Council consent required to alter, construct or remove anything from Common Elements; prior written approv (Sections 9(f), 9(g), 9(i))

Home business

No industry, business, trade, occupation or otherwise designed for profit, altruism, exploration or otherwise shall be conducted, maintained or permitted on any part of the Property (Section 9(e))

Signs & flags

No 'For Sale' or 'For Rent' signs, window displays or advertising without written Council consent; Owner/agents may place such signs on unsold/unoccupied Units or suitable Common Elements; mortgagee may place signs on Units it owns (Section 9(e))

Maintenance

Roof and roof-framing system are general Common Elements (Section 8(c))

Insurance

Premiums for insurance policies required to be purchased by the Council pursuant to the Code of Regulations are Common Expenses (Section 2(e)(5))

Use restrictions

Each Unit shall be used only for residential purposes (Section 9(a))

Voting & meetings

Based on the Percentage Interest of each Unit in the Common Elements (Section 5 'respective percentages of own)

Amendments

Declaration may be amended by majority vote of Unit Owners cast in person or by proxy at a meeting duly held per Code of Regulations, approved in writing by first-lien mortgagees holding mortgages on more than 50% of Units, and effective on (Section 18)

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