Flats at Coastal Station Condominium

Key facts from Flats at Coastal Station Condominium's documents

Reflects the 2025 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium submitted to the Delaware Uniform Common Interest Ownership Act (Section 1: "submits Land Unit R... to th)

Units / lots

63 Units (maximum up to 63; currently 63: Units 201-232 and 301-332) (Section 4: "a maximum of up to sixty-thr)

Governing law

25 Del. C. §81-101 et seq. (Delaware Uniform Common Interest Ownership Act) (Section 1)

Assessments & dues

Not fixed; determined annually by budget adopted by Executive Board. (Section 9(b): "Each year on or before No)

Special assessments

Prior to expiration of Declarant Control Period: Executive Board may levy special assessment at its discretion; after: must follow budget ratification procedure unless emergency by unanimous vote. (Section 9(f)(1) and 9(f)(2))

Collections & liens

Assessments constitute a lien on the Unit (implied by Sections 10(b) and 13(d)). Statement of unpaid assessments binding (Section 12). Foreclosing mortgagee not liable for prior assessments (Section 10(b)). (Section 10(b): "...such purchaser... sha)

Reserves & fees

Two reserves: Working Capital Reserve (2 months of assessments from initial sale) and Repair and Replacement Reserve (fully funded based on reserve study per Act). Reserves kept in segregated bank accounts. (Section 9(h)(1), (3), (4))

Leasing & rentals

Implied allowed (Section 27(g) refers to 'For Rent' signs by Declarant and mortgagee), but no explicit restriction; possibly governed by Rules and Regulations. (Section 27(g))

Architectural approval

Yes, Executive Board approval required for structural addition, alteration, or improvement to a Unit. (Section 15: "No Unit Owner shall make an)

Home business

Prohibited: no industry, business, trade, occupation for profit, not-for-profit, altruism, exploration, etc. may be conducted on any part of the Property (except Declarant's permitted activities). (Section 27(e))

Signs & flags

For Sale signs: prohibited for Unit Owners except Declarant. For Rent or political signs: no window displays without Executive Board consent; Declarant and mortgagee have rights. American flag permitted per Act. (Section 27(f) (For Sale), Section 27(g) )

Use restrictions

Yes, each Unit shall be used only for residential purposes (except Declarant's sales and model rights). (Section 27(a): "each Unit shall be used )

Voting & meetings

Each Unit has a Percentage Interest in Common Elements and voting rights based on Unit type (square footage) as set forth in Schedule C (Section 4(a): "Each Unit Owner... shall )

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