1041 Silk Oak Terrace A, Delray Beach, FL 33445 (MLS# R10570169)

Supplements: (1) PINES OF DELRAY CONDOMINIUM DOCUMENTS given to a buyer: Amended & restated Declaration of Condominium (2015) Amended & restated Articles of Incorporation (2015) Amended & restated By-Laws (2015) Note: there are no amendments to the above 3 items. Rules & Regulations Book (2015 version) Frequently Asked Question & Answer sheet (20 ... (Read more) (1) PINES OF DELRAY CONDOMINIUM DOCUMENTS given to a buyer: Amended & restated Declaration of Condominium (2015) Amended & restated Articles of Incorporation (2015) Amended & restated By-Laws (2015) Note: there are no amendments to the above 3 items. Rules & Regulations Book (2015 version) Frequently Asked Question & Answer sheet (2020) Approved Budget (2020) Most recently published financial statement (for 2018) Corporate Annual Report (2019) Condominium governance booklet (2) The 2020 monthly condo fee will be $385/month for ALL units. The monthly fee includes the following: *water & sewer *HD cable with 2 HD boxes *HBO premium channel *in unit WIFI (for internet access) *professional security patrol from 8pm to 6am *reserves *building insurance (buyer needs to obtain their own "walls-in" condominium insurance ) *usage of all amenities (2 clubhouses, 2 heated pools, 2 fitness rooms, billiards, tennis and more) (3) The only pets allowed are up to 2 house cats, quiet birds and aquarium fish. (4) The prohibited vehicles for overnight parking at your apartment: commercial vehicles, paneled vans with no passenger windows; pick-up trucks with tool storage type lock-box in "bed" or ladder holders or racks; campers; boats; limousines; golf carts; monster trucks. (5) A unit may be leased out only after 18 months of ownership AND provided that no more than 20% of the units are already under lease at that time--in which case you would need to go on a waiting list. (6) *Most of the Pines of Delray was built from 1974-1977. Only 4 buildings were constructed in 1978: buildings 98,99,108 & 109. And only 2 buildings were constructed in 1979: 29 & 30. (7)The Pines of Delray prohibits and requires replacement of electrical panels manufactured by either Federal Pacific, Zinsco or Sylvania. The association also requires replacement of hot water heaters that are past their life expectancy stated by the manufacturer. This can range from between 12-15 years. (8)No smoking is permitted within 50 feet of a building. This means no smoking on catwalks, front door stoops or in the open front patio area of #101 and #104 units. (9)No business can be run out of an apartment that involves customers or clients coming to the apartment or onto the common grounds. Also prohibited is any type of home business that utilizes excess water or creates noise. (10)Title to a property cannot be taken in a corporate name (including LLCs, business trusts or business partnerships). Deeds in the name of a family trust or a life estate are fine.