Bay View Motel Condominium

Key facts from Bay View Motel Condominium's documents

Reflects the 1987 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Section 1: "to create a plan of condomin)

Legal name

BAY VIEW MOTEL CONDOMINIUM ASSOCIATION OF OWNERS, INC.

Developer / declarant

Thomas Larsen, Alice L. Larsen, James L. McInerney (Preamble and Section 2(k))

Governing law

Delaware Unit Property Act (25 Del. C. Sec. 2201-2240) (Section 1 and Section 2(u))

Reserves & fees

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

Leasing & rentals

Expressly permitted (Section 7(a) proviso: "the leasing of un)

Home business

Prohibited (Section 7(e): "no industry, business, tr)

Setbacks / home size

three stories (Section 4: "shall consist of three stori)

Use restrictions

Each Unit shall be used only for residential purposes, except that leasing is expressly permitted (Section 7(a))

Voting & meetings

Majority defined as more than 50% in aggregate interest in common elements. Voting for amendments by majority of unit owners. (Section 2(i) and Section 16)

Amendments

By vote of majority of Unit Owners (in person or proxy) at meeting per Code of Regulations, with written approval of mortgagees holding first liens on more than 50% of units subject to mortgages. Amendment must be recorded. Percentage Inter (Section 16)

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