A reciprocity or reciprocal agreement is a contract that establishes an ongoing working relationship between two entities. As part of the terms of this contract, both parties pledge to share resources and assist each other in achieving the stated goals for the entities. A typical reciprocal agreement will establish what is known as a quid pro quo relationship. This simply means that each party will extend the use of resources to the other, with the understanding that this exchange is designed to allow both parties to benefit.
Delaware Reciprocal Agreement Between Homeowners Associations
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Multi-State
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US-01894BG
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Word;
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Some states require a 100%, unanimous decision, others something less. States that have adopted the Uniform Common Interest Ownership Act (UCIOA) of 2008, for example, require an 80% majority for dissolving an HOA. (Vermont, Connecticut, Delaware, and Washington are on this list.)
The Delaware Uniform Common Interest Ownership Act (the DUCIOA) The Delaware Uniform Common Interest Ownership Act, or DUCIOA authorizes and governs many requirements and options for common interest communities.
The Act provides state-level protections similar to the federal Fair Housing Act (FHA) and affects all housing providers, including common interest communities in Delaware. The Delaware Division of Human Relations administers the law.
Homeowners' Associations in Delaware must be registered as non-profit corporations and must, therefore, follow the state Nonprofit Association Act. In addition to nonprofit law, the Delaware Uniform Common Interest Ownership Act (DUCIOA) was created to provide more specific regulations for community associations.
If a homeowner gets behind on payments, the association may impose liens on the property and impose reasonable fees up to 18% of the annual homeowner's fees.
The Delaware Uniform Common Interest Ownership Act, or DUCIOA authorizes and governs many requirements and options for common interest communities.
Delaware Uniform Common Interest Ownership Act ("DUCIOA"), codified in Chapter 81 of Title 25 of the Delaware Code, governs all common interest communities (planned communities, condominiums, cooperatives, and subdivisions) created after September 30, 2009, unless otherwise exempted.