View at Bethany Bay

Key facts from View at Bethany Bay's documents

Community type

Condominium

Legal name

The View at Bethany Bay

Units / lots

Maximum of 85 units (Section 3.1)

Developer / declarant

Linder & Company, Inc.

Governing law

Delaware Uniform Common Interest Ownership Act (DUCIOA), Title 25, Chapter 81, effective September 30, 2009 (Section 1.1, Article 1)

Assessments & dues

Executive Board adopts proposed annual budget at least 60 days before fiscal year end; summary delivered to owners within 30 days; meeting to consider ratification within 14-30 days after delivery; budget ratified unless majority of votes r (Section 6.2)

Special assessments

Executive Board may levy special assessment for a fiscal year; based on approved annual budget or revised budget (Section 6.5)

Collections & liens

Statutory lien on unit for assessments; lien prior to all except pre-recorded liens, first or second security interest recorded before delinquency, and real estate taxes. Foreclosure allowed if unit owner owes at least 3 months of assessmen (Sections 6.8, 6.10, 6.10.1)

Reserves & fees

Association shall establish and maintain fully-funded repair and replacement reserve based on a current reserve study. Reserve study by independent qualified persons, performed or updated every 5 years. (Section 5.7)

Parking & vehicles

Trucks other than pick-up trucks prohibited on common elements and limited common elements (Section 8.3)

Signs & flags

Declarant reserves right to maintain advertising signs on common elements during declarant period; otherwise not addressed (Section 12.5)

Use restrictions

Units may be used only for residential purposes (Section 8.1)

Voting & meetings

Each owner has percentage of votes equal to the allocated interest for that unit (Section 4.2)

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