Peregrine Way

Key facts from Peregrine Way's documents

Reflects the 2020 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Single-family residential subdivision with homeowners association (WHEREAS clauses; Article I Section 1 (As)

Units / lots

7 (Lots 1 through 7) (Article I Section 16: "Lots 1, 2, 3, 4, )

Developer / declarant

Finally Close, LLC (Introductory paragraph)

Assessments & dues

Board of Directors fixes amount at least 30 days in advance of each annual assessment period (Article V Section 6)

Special assessments

May be levied with assent of two-thirds (2/3) of each class of members voting at a meeting (Article V Section 3)

Collections & liens

Assessments are a continuing lien on the lot; Association may foreclose; also a personal obligation of owner at time assessment fell due (Article V Section 1 and Section 7)

Reserves & fees

Interest at 18% per annum from due date; no separate late fee mentioned (Article V Section 7)

Pets

Yes, domestic dogs, cats, other household pets; no livestock or poultry (Article VII Section 2.D)

Leasing & rentals

Yes, but no dwelling leased for less than 6 months; lot must be leased with dwelling (Article VII Section 2.M)

Parking & vehicles

Off-street parking for at least 2 cars per lot required; driveways and parking areas must be constructed of approved materials (Article VII Section 1.H and 1.K)

Fences

Permitted with ARC approval; no chain link fences; not allowed along drainage/access easements without ARC consent (Article VII Section 1.G and Section 2.J)

Architectural approval

Yes, for all buildings and site improvements; ARC is Declarant during Declarant Control Period, thereafter committee of at least 3 lot owners (Article VII Section 1; Article I Section)

Solar & roof

Roofing materials: architectural shingles, cedar shake, terra cotta, slate, metal or approved; specific colors not stated (Article VII Section 1.C)

Home business

Prohibited (no business, trade, vocation, or occupation from any lot) (Article VII Section 2.A)

Signs & flags

Only real estate 'for sale' signs of standard size; other signs require Executive Board permission; Declarant may maintain subdivision signs during control period (Article VII Section 2.G)

Setbacks / home size

No specific setback lines established; must comply with governmental regulations and ARC approval; no structure closer to lot line than permitted by law (Article VII Section 1.E)

Maintenance

Owner (general exterior maintenance) (Article VII Section 2.O)

Use restrictions

Yes; no business, trade, vocation, daycare (Article VII Section 2.A)

Voting & meetings

Two classes: Class A (owners) one vote per lot; Class B (Declarant) three votes per lot until conversion upon sale of all lots or Dec 31, 2030 or Declarant election (Article III 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.