The Penn Square Hotel and Convention Center, a Condominium

Key facts from The Penn Square Hotel and Convention Center, a Condominium's documents

Community type

Condominium (commercial)

Legal name

The Penn Square Hotel and Convention Center, A Condominium

Developer / declarant

LANCASTER COUNTY CONVENTION CENTER AUTHORITY and REDEVELOPMENT AUTHORITY OF THE CITY OF LANCASTER (collectively, the "Declarant") (Section 1.1, preamble)

Governing law

Pennsylvania Uniform Condominium Act, 68 Pa. C.S. §3101 et seq. (Section 1.1)

Special assessments

A Unit's individual share of any assessment made by the Executive Board in addition to the Monthly Assessment (Section 2.2(pp)). The Association has the power to levy Special Assessments (Section 13.2). (Section 2.2(pp) and Section 13.2)

Reserves & fees

Association shall establish a Common Element Reserve for FF&E and Capital Expenditures of Common Elements (Section 3.4(a)). Each Unit Owner shall establish an FF&E and Capital Reserve for its Unit (Section 3.4(b)). (Section 3.4)

Leasing & rentals

A Unit Owner may lease or sublease its Unit, including rental of hotel rooms, meeting rooms and ballrooms, at any time, subject to the covenants in the Condominium Documents. Lessees are bound by the documents. (Section 6.2)

Signs & flags

Signs visible from outside the Unit or from Common Elements require prior written permission of the Executive Board, except pre-approved Marriott signs and signs generally in use by Marriott for the Hotel Unit, and signs consistent in size, (Section 6.1(e))

Use restrictions

Hotel Unit may only be used as a full-service hotel. Convention Center Unit may only be used as a first-class urban convention center. K/S Areas and Montgomery House may also be used for historic preservation, public viewing, education, gif (Section 6.1(a))

Voting & meetings

Each Unit Owner (Hotel Unit and Convention Center Unit) has 50 votes. If a Unit is substantially leased, the Owner may grant a proxy for control of voting rights to the lessee. (Section 4.2)

Amendments

Amendments to Condominium Documents are governed by Section 11.3. (Details not provided in the text excerpt.) (Section 11.3)

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