Bahamas Beach Cottages

Key facts from Bahamas Beach Cottages's documents

Reflects the 1992 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

BAHAMAS BEACH COTTAGES OWNERS ASSOCIATION (Section 2(a))

Units / lots

74 (10 initial, 64 additional planned) (Section 4)

Developer / declarant

GULFSTREAM DEVELOPMENT CORPORATION

Governing law

Unit Property Act of Delaware, 25 Del. C. Section 2201 et seq. (Section 1 and 2(w))

Home business

No industry, business, trade, occupation or other activity designed for profit shall be conducted on any part of the Property. (Section 9(e))

Signs & flags

No 'For Sale' or 'For Rent' signs or other window displays without prior written consent of Council, except Developer or its mortgagee may place signs on unsold/unoccupied Units or Common Elements. (Section 9(e))

Use restrictions

Yes, each Unit shall be used only for residential purposes. (Section 9(a))

Voting & meetings

Based on Percentage Interest in Common Elements. Majority = owners of more than 50% aggregate interest. (Section 2(k) and Schedule B, C)

Amendments

Declaration may be amended by majority vote of Unit Owners in person or by proxy at a meeting, provided mortgagees holding first liens on more than 50% of the units approve in writing. Percentage Interest change requires unanimous consent o (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.