Sycamore Chase

Key facts from Sycamore Chase's documents

Community type

Planned Community (Title and Recitals: 'Sycamore Chase, A P)

Units / lots

Approximately 104 single family subdivided dwelling lots (initial), with potential expansion up to 1,000 lots (Recitals: 'approximately one hundred fou)

Developer / declarant

Beazer Homes, LLC, a Delaware limited liability company (Section 1.14)

Governing law

Delaware Uniform Common Interest Ownership Act (25 Del. C. §81-101, et seq.) (Section 1.1)

Assessments & dues

Until first conveyance, amount established by Declarant in its sole discretion; thereafter set by Board to meet Common Expenses (Section 5.3(a))

Special assessments

Allowed for capital improvements, unforeseen expenses, budget deficits; after Declarant Control Period must be ratified by majority of Members present and voting; emergency assessments need Board unanimous approval (Section 5.5(a))

Collections & liens

Unpaid assessments, interest, late fees, costs, attorney's fees are a lien on the Lot and personal obligation of the Owner; Association may bring foreclosure action or personal action (Sections 5.1, 5.10)

Reserves & fees

Board shall annually prepare a reserve fund budget and set required contribution as part of annual assessment; separate interest-bearing account maintained (Section 5.12)

Parking & vehicles

Association may provide for exclusive use by specified Owners of certain designated parking spaces within Common Areas (Section 3.1(f))

Fences

Fences are considered Improvements and require ARC approval (Section 6.1 includes 'fences, walls' in )

Architectural approval

Yes; all Improvements must be approved by ARC in writing (Section 6.1)

Signs & flags

Declarant or Participating Builder may maintain signs on Property to advertise home sales (Section 2.5(3))

Maintenance

Association maintains Common Areas (including Open Space Parcels, Private Roads, Common Facilities). Owner maintains Lot and improvements on Lot. (Section 1.8 (Common Areas); Section 5.2 )

Insurance

Association may assess deductible amount against Owner if caused by Owner's misuse or neglect (Section 5.8(b)) (Section 5.8(b) example: 'the amount of a)

Use restrictions

Implied; no explicit statement in this declaration (Recitals: 'development of a residential )

Voting & meetings

Each Member has voting rights as provided in the Bylaws (Section 4.3)

Amendments

Not detailed in this declaration; amendments to Declaration require joinder of mortgagees? Section 5.11 mentions no amendment to Section 5.11 without mortgagee joinder. General amendment likely requires membership vote (see Section 5.13 for (Section 5.11 (amendment to assessment su)

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