Swedes Street Condominium

Key facts from Swedes Street Condominium's documents

Community type

Condominium

Legal name

SWEDES STREET CONDOMINIUM ASSOCIATION OF OWNERS, INC.

Developer / declarant

WILLIAM'S CHEMICAL TRANSPORT, INC.

Governing law

Delaware Unit Property Act, 25 Del. C. Sections 2201-2240 (Title and Section 2(t): "'Unit Property )

Assessments & dues

Common expenses assessed by Council; includes sums lawfully assessed, administration, maintenance, repair, replacement, reserves, insurance, and valid charges against condominium (Section 2(e): "'Common Expenses' means a)

Reserves & fees

May be established for repair and replacement (Section 2(e)(2): "including repair and r)

Leasing & rentals

Yes, residential leasing is permitted (Section 2(b): "'Building' means the doub)

Home business

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

Use restrictions

Yes (Section 7(a): "Each Unit shall be used o)

Voting & meetings

Based on percentage interest; majority = more than 50% in aggregate; amendment requires unanimous vote (Section 2(i): "'Majority of the Unit Own)

Amendments

Unanimous vote of unit owners, approval by mortgagees of all units subject to mortgages, and recording required (Section 15: "may be amended only by the )

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