Ponds Edge at Canal Corkran

Key facts from Ponds Edge at Canal Corkran's documents

Reflects the 2003 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Pond's Edge at Canal Corkran Condominium Association

Units / lots

not exceed 32 (Article 2.C; PAGE 13)

Developer / declarant

Thompson Homes at Canal Corkran, LLC (Preamble; PAGE 3)

Governing law

Delaware Unit Property Act, Chapter 22 of Title 25, Delaware Code of 1953, as revised and amended (Article 1.A; PAGE 3)

Assessments & dues

Council assesses and collects funds from Unit Owners for Common Expenses (Article 9; PAGE 24-25)

Special assessments

Common Expenses include ordinary or extraordinary, general or special assessments (definition of Common Expenses) (Article 1.B.6(b); PAGE 6-7)

Collections & liens

Units subject to charge for unpaid assessments; reference to 25 Del. C. §§2236 and 2237 potentially relieving subsequent owners (Article 13 (deed clause); PAGE 28)

Pets

household pets may be raised or kept, subject to Community Rules (Article 7.E.7; PAGE 23-24)

Leasing & rentals

Unit Owners, Declarant and Council have right to lease or sublease (Article 7.B; PAGE 22)

Parking & vehicles

prohibited (includes taxicabs, trucks, other commercial vehicles) (Article 7.E.8; PAGE 24)

Architectural approval

prior approval of Declarant (until all Units sold) then Council for any exterior addition or modification (Article 8; PAGE 24)

Home business

Council may consent to home occupation subject to Sussex County Zoning Code and prohibition on exterior signs (Article 7.D; PAGE 22)

Signs & flags

only single small non-illuminated name/unit number sign on door; otherwise no signs visible from outside without Council permission (Article 7.E.4; PAGE 23)

Maintenance

roof is part of Common Elements (perimeter of Building), so Association responsible (Article 1.B.5(b); PAGE 6)

Insurance

fire and casualty (including flood if applicable) for full insurable replacement value of Common Elements, Limited Common Elements, and Units (excluding personal property); comprehensive liability; workers' compensation as required (Article 15.A; PAGE 29-30)

Use restrictions

Units may be used for residential purposes only; no commercial or industrial use except management and Declarant's office use (Article 7.A; PAGE 21-22)

Voting & meetings

each Unit Owner entitled to number of votes equal to percentage of ownership in Common Elements (Article 9; PAGE 25)

Amendments

by vote of 75% of proportionate undivided interests in Common Elements; requires joinder of Declarant if affecting its rights; requires approval of holders of all Permitted Mortgages if adverse effect; Declarant has unilateral right for as- (Article 4.B; PAGE 11-13; Article 12; PAG)

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