Estates of Penny Lane The

Key facts from Estates of Penny Lane The's documents

Reflects the 2012 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Estates of Penny Lane

Units / lots

Lots 1-34 and all lettered lots (Page 1 indexing; also Article I Section )

Developer / declarant

Val's Property Development, LLC (Preamble)

Assessments & dues

$360.00 per Lot or Building Site per year (maximum) beginning recording date; plus $600.00 fee per buyer from Declarant for light control box (Article III Sections 1 and 3)

Special assessments

Yes, for capital improvements, with assent of 2/3 of members present and voting at a meeting (Article III Section 4)

Collections & liens

Assessments (including interest, costs, attorney's fees) are a continuing lien on the property and personal obligation of owner; Board may foreclose lien or bring action at law (Article III Sections 1 and 8)

Pets

Dogs and cats as personal pets are permitted (Article VI Section 3)

Parking & vehicles

No overnight parking on street right-of-way; no trailer/tractor, bus, or commercial vehicle on street right-of-way overnight (Article VI Section 22)

Home business

No lot shall be used for trade, business, manufacture, or public amusement (Article VI Section 32)

Signs & flags

No signs except professionally made 'For Sale' or 'For Rent' not larger than 3 sq ft; Declarant and Builder exempt; no advertising or billboards (Article VI Sections 28, 33)

Use restrictions

All lots shall be used and occupied as single family residences (Article VI Section 1)

Voting & meetings

Class A: one vote per Lot or Building Site; Class B (Declarant): four votes per Lot owned (Article II Section 2)

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