Condominium Council for Commons at Stones Throw

Key facts from Condominium Council for Commons at Stones Throw's documents

Reflects the 1986 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

condominium (Article 1)

Legal name

The Commons at Stones Throw

Developer / declarant

Stones Throw Development Company (First Amendment to Master Enabling Decla)

Governing law

Delaware Unit Property Act, Title 25, Chapter 22 (Article 1)

Special assessments

Council may authorize additional assessments; unit owners have 10 days to demand a special meeting to discuss and approve (Section 6.2.7)

Collections & liens

Unpaid assessments give Council the right to collect sums due plus interest and attorneys' fees; unit with unpaid assessment cannot be sold or encumbered without Council consent (Sections 8.2.3, 8.2.4)

Reserves & fees

Budget must provide an adequate reserve fund for maintenance, repair, and replacement of common elements that must be replaced periodically (Section 8.1.2)

Voting & meetings

Each unit has a percentage interest in common elements; vote is proportional to that percentage (Schedule 5.3 (each unit .0909 interest) )

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