Salt Aire Condominium

Key facts from Salt Aire Condominium's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium (SALT AIRE CONDOMINIUM)

Legal name

Salt Aire Condominium

Units / lots

2 initially; up to 19 after full expansion (Section 6: two (2) Units; Section 4: exp)

Developer / declarant

Land & Marketing Corporation

Governing law

Delaware Uniform Common Interest Ownership Act, 25 Del. C. Section 81-101 et seq. (Section 1)

Assessments & dues

Assessed by Council as Common Expenses; includes all sums lawfully assessed by the Council (Section 2(d)(1): All sums lawfully asses)

Reserves & fees

May be established as part of Common Expenses; reduction in reserves is a Material Amendment (Section 2(d)(2): including repair and re)

Maintenance

Unit Owner responsible for maintenance of Unit (entire building exterior and interior as defined); Association responsible for maintenance of Common Elements (Section 6 defines Unit as entire buildin)

Use restrictions

Each Unit shall be used only for residential purposes (Section 8(a): Each Unit shall be used on)

Voting & meetings

Each Unit's Percentage Interest in Common Elements equals its voting percentage; initially Unit 13 and Unit 16 each have 50% (Schedule B: The following percentages re)

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