Quote:
Posted By JeffreyC4 on 09/28/2020 5:03 PM
Delaware regs require the association to be formed as follows:
§ 81-301 Organization of unit ownersâ association.
A unit ownersâ association must be organized no later than the date the first unit in the common interest community is conveyed.
What you quoted is from the Delaware Uniform Common Interest Owner Act. The latter is a Delaware statute (not a "reg"). You can get an idea of what might apply to this home by reading here:
https://law.justia.com/codes/delaware/2019/title-25/chapter-81/
I am looking at different parts of this statute. Because of the dates involved, it's not clear to me that the statute even applies to this home you are considering. if this statute does apply, consider this section on termination (80% vote required):
https://law.justia.com/codes/delaware/2019/title-25/chapter-81/subchapter-ii/section-81-218/
But your question is quite complicated. Beyond helping you a tiny bit to prepare for meeting with an attorney, I doubt folks here will be able to help.