Lingo Estates Property Owners Of

Key facts from Lingo Estates Property Owners Of's documents

Reflects the 1996 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

LINGO ESTATES

Developer / declarant

Oak Orchard West, Inc.

Governing law

25 Del. C. Sec 2201 et seq. (Unit Property Act of Delaware) (Section 1; Section 2(t))

Assessments & dues

Not set; assessments are determined by the Council as Common Expenses. (Section 2(e); common expenses definition)

Collections & liens

The lien against each Unit for assessment of common expenses has priority over all liens except first mortgages or financing statements held by institutional or other lenders, regardless of priority of time. (Section 14; page 13)

Reserves & fees

Repair and replacement reserves may be established as part of Common Expenses. (Section 2(e)(2): 'including repair and r)

Leasing & rentals

Leasing of Units is permitted subject to the provisions of the Declaration, Code of Regulations, and Rules and Regulations. Any lease must contain a provision that the tenant's rights are subject and subordinate to the Declaration and Code (Section 9; page 10)

Architectural approval

Prior written approval of the Council is required for: (1) placement of a manufactured mobile home in a Unit (except for Oak Orchard West units); (2) any change in exterior appearance of a Unit or manufactured mobile home (painting, adding (Section 6.A, Section 6.B(f), Section 6.B)

Maintenance

The Association (Council) is responsible for the Common Elements, including administration, maintenance, repair and replacement. Unit Owners are responsible for their Limited Common Elements (Lot, yard, off-street parking, and improvements (Section 2(c); Section 2(e)(2); Section 6)

Insurance

The Council shall obtain insurance insuring the Property against loss or damage by fire, lightning, extended coverage, vandalism and malicious mischief endorsements, for at least 100% of the insurable replacement value of the Common Element (Section 12; page 12)

Voting & meetings

Majority of Owners means Owners of more than fifty percent (50%) of the aggregate Percentage Interests. Any specified percentage means Owners of such number of Percentage Interests in the aggregate. (Section 2(l); page 4)

Amendments

The Declaration may be amended by a vote of 80% of the Unit owners (in person or by proxy) except that Percentage Interests of each Unit in the Common Elements shall not be changed without consent of all affected owners. Amendment effective (Section 16; page 14)

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