Lighthouse View Condominiums

Key facts from Lighthouse View Condominiums's documents

Reflects the 1982 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Lighthouse View Condominiums

Governing law

Delaware Unit Property Act (Del. C. of 1953 as amended, Title 25, §§2201-2242) (Paragraph 1, paragraph 2(q))

Parking & vehicles

Each Unit has exclusive right to use a parking space bearing the unit number; remainder on first-come-first-serve basis (Paragraph 4)

Home business

Professional office by physician or dentist allowed; ground level commercial use allowed if permitted by local laws and prior written consent of Council (Paragraph 8(a))

Signs & flags

No 'For Sale' or 'For Rent' signs or other advertising except Developer's right to place on unsold units and mortgagee's right on owned units (Paragraph 8(e))

Use restrictions

Each unit shall be used as a residence for a single family and for no other purpose, except professional use (physician or dentist) or commercial use on ground level with Council consent (Paragraph 8(a))

Voting & meetings

Majority of Owners defined as owners of more than 50% of aggregate Percentage Interests. Any specified percentage refers to owners of such number of Percentage Interests. (Paragraph 2(j))

Amendments

By majority vote of Unit Owners in person or proxy at a meeting; requires prior written approval of mortgagees holding first liens on >50% of mortgaged units; must be recorded. Percentage Interests cannot be changed except by unanimous cons (Paragraph 15)

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