Viking Condominium

Key facts from Viking Condominium's documents

Reflects the 1979 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Condominium

Legal name

Viking Condominium

Developer / declarant

William T. Ryan and Mary Louise Ryan (Section 1)

Governing law

Title 25, Chapter 22 of the Delaware Code (Unit Property Act) (Section 1)

Assessments & dues

Not set in Declaration

Collections & liens

Lien for assessments has priority over all other liens except first mortgages and certain others; first mortgagee taking possession takes free of unpaid assessments that accrue after possession (except for pro rata share) (Section 9(g))

Leasing & rentals

Units may be leased, but subject to Council's right of first refusal (assignable) and exceptions (Section 9(a))

Maintenance

Council responsible for inspection, maintenance, repair, replacement of common elements; emergency entry into units allowed; cost of repairs from emergency entry is common expense (Section 9(c)(i))

Use restrictions

Each apartment unit shall be used exclusively for residential purposes; no business except rental by Developer or showing/rental of units (Section 7(a))

Voting & meetings

Amendments require affirmative vote of two-thirds (2/3) of total vote of all unit owners (unless otherwise provided) (Section 9(i))

Amendments

Declaration may be amended by affirmative vote of two-thirds (2/3) or more of total vote of all unit owners, except as otherwise provided; Code of Regulations amended as therein provided; title insurance companies or lending institutions ma (Section 9(i))

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