Mulberry Condominium

Key facts from Mulberry Condominium's documents

Community type

Condominium

Legal name

Mulberry Condominium

Units / lots

Document references Unit 1, Unit 2, and Unit 3, and also describes Dwelling A and Dwelling B in Exhibit B (Section 13; Exhibit B, [[PAGE 21]]-[[PAG)

Developer / declarant

Michael Codi, of 358 Pilottown Road, Lewes, Delaware 19958 (Section 1, second paragraph)

Governing law

Unit Property Act of the State of Delaware (Del. C. of 1974 as amended, Title 25, §§ 2201-2240) (Section 1, first paragraph)

Reserves & fees

Common expenses include expenses of administration, maintenance, repair and replacement of common elements, including repair and replacement reserves as may be established by the Council (Section 2(e)(2))

Parking & vehicles

Parking spaces and parking areas are common elements; Council will assign designated parking spaces for the exclusive use of each unit (Section 6(h), [[PAGE 7]])

Insurance

Common expenses include premiums for insurance policies required to be purchased by the Council pursuant to the Code of Regulations (Section 2(e)(5))

Use restrictions

Buildings consist of units used or intended for use for residential purposes, including leasing for residential purposes, or any other lawful purpose or combination (Section 2(b) "Building")

Voting & meetings

Majority or majority of unit owners means owners of more than 50 percent of the aggregate percentage interest in the common elements; percentage interest used to determine voting rights and allocate relative percentages of ownership and exp (Section 2(k); Section 16(a))

Amendments

Declaration may be amended by unanimous vote of unit owners cast in person or by proxy at meeting duly held per Code of Regulations; proposed amendment must be approved in writing by mortgagee(s) holding first liens on more than 50 percent (Section 18, [[PAGE 16]]-[[PAGE 17]])

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