Rof Millsboro

Key facts from Rof Millsboro's documents

Reflects the 2022 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community (commercial)

Developer / declarant

ROF MILLSBORO LLC

Assessments & dues

Not fixed; Managing Owner estimates Operating Expenses and charges each Owner a proportionate share (Parcel 2 Share). (Section 5(D) (page 8))

Collections & liens

Assessments secured by lien on Parcel 2, perfected by recording notice of lien; subject and subordinate to any first mortgage on Parcel 2. Managing Owner may foreclose or bring action at law. (Section 6(B) and (C) (pages 9-10))

Reserves & fees

Greater of $250 or 5% of unpaid Assessment. (Section 6(A) (page 9))

Maintenance

While Lowe’s ECCR in effect: ROF Millsboro (Parcel 1) complies with Developer obligations under Article IV of Lowe’s ECCR; Agree (Parcel 2) complies with Lowe’s obligations under Article IV of Lowe’s ECCR. After Lowe’s ECCR and Lowe’s Lease (Section 3 (pages 5-6))

Use restrictions

Exhibit F: Extensive prohibited uses on Parcel 2 while certain leases in effect. While Lowe’s ECCR in effect: no tavern/bar/nightclub (restaurants with <30% alcohol allowed), bowling alley, theater, service station, flea market, training fa (Exhibit F (pages 23-29))

Amendments

This Declaration may be amended by a written instrument executed by unanimous vote of all Owners of Parcels; amendment must be recorded in Sussex County real property records. (Section 14 (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.