Ocean Dunes Condominium

Key facts from Ocean Dunes Condominium's documents

Reflects the 1984 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium submitted to the unit property (condominium) form of ownership (Paragraph 1, p. 1)

Legal name

Ocean Dunes Condominium

Units / lots

16 (two buildings, each containing 8 townhomes) (Paragraph 2(b)(1); Paragraph 6, p. 8)

Developer / declarant

OLD MILL ASSOCIATES, LTD., a Delaware corporation (opening paragraph, p. 1)

Governing law

Chapter 22 of Title 25 of the Delaware Code revised 1974, as amended (the Unit Property Act) (Paragraph 1, p. 1)

Assessments & dues

Common Profits and Common Expenses are charged to Unit Owners according to their respective Proportionate Interests in the Common Elements (Paragraph 9(c), p. 10; Paragraph 12(b)(2)

Special assessments

If repair/restoration costs exceed proceeds from condemnation, insurance or otherwise, Unit Owners are liable for assessments for the deficiency in proportion to their Proportionate Interests (Paragraph 18, p. 20)

Collections & liens

Unpaid assessments are a lien against the Unit and may be enforced by suit by the Council; each suit must refer to the Unit and Unit Owner, and any judgment is enforceable as provided by law (Paragraph 24(b), p. 26)

Leasing & rentals

Units may be leased and subleased subject to the Declaration and Code of Regulations; lessees and sublessees are subject to all governing documents (Paragraph 11(c), p. 12; Paragraph 15, p.)

Parking & vehicles

Common Element parking areas are for ordinary passenger automobiles used for non-commercial purposes unless the Council designates otherwise; parking spaces are regulated and controlled by the Council (Paragraph 11(e), p. 13)

Maintenance

Surfaces of walls, ceilings and floors within a Unit that are part of the exterior of the Buildings, and all Common Elements, are maintained, repaired and replaced by the Council (Paragraph 21(b)(2)-(3), p. 21)

Insurance

Council shall insure the Buildings against loss or damage by fire and such hazards as required by the Code of Regulations; premiums are Common Expenses (Paragraph 20, p. 22)

Use restrictions

All designated residential Units are intended and shall be used solely for residential uses and single-family dwellings, subject to the Declaration, Code of Regulations and Rules (Paragraph 11(a), p. 11)

Voting & meetings

Each Unit Owner has the same number of votes as the percentage of ownership in the Common Elements assigned to that Unit (Paragraph 23(a), p. 25)

Amendments

Declaration and Declaration Plan may be amended by affirmative vote of Unit Owners holding 75% or more of Proportionate Interests, cast in person or by proxy at a meeting duly held per the Code; Declarant may not vote on Declaration Plan am (Paragraph 28(a), p. 30)

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