Cherry Creek

Key facts from Cherry Creek's documents

Community type

Planned Community (HOA) (Title and structure (no specific condomi)

Legal name

The Patio Homeowners Association at Cherry Creek (Article I, Section 1.01)

Units / lots

15 units (based on 1/15th Percentage Interest each) (Article II, Section 2.2: 'originally bei)

Developer / declarant

Millstein Industries, LLC

Governing law

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

Assessments & dues

$300.00 per Lot per year (Article IV, Section 4.03(a))

Special assessments

May levy special assessment for capital improvements with assent of 2/3 of each class of members voting in person or by proxy at a meeting called for that purpose (Article IV, Section 4.04)

Collections & liens

Assessment lien on property; personal obligation of owner; subordination to mortgage lien; foreclosure sale extinguishes prior assessments (Article IV, Sections 4.01, 4.08, 4.09)

Reserves & fees

Initial reserve: each grantee pays 3 times monthly common charge at settlement; budget includes reserve for replacements, contingencies, deferred maintenance (Article IX, Section 9.7)

Leasing & rentals

Unit Owner may lease or sublease entire Unit (not less than entire Unit) provided: (1) initial term not less than one year; (2) written lease on form approved by Board; (3) no partial unit; (4) only to a 'family'; (5) copy of lease furnishe (Article VIII)

Parking & vehicles

Each lot owner entitled to use of not more than two automobile parking spaces in common area, with rights of ingress/egress (Article II, Section 2.01(b))

Architectural approval

If Board or committee fails to approve or disapprove within 30 days after submission, approval not required (Article V, Section 5.01)

Signs & flags

Except for one small non-illuminated name sign on door, no signs or advertising; Declarant may place sales/rental signs on unsold units or common elements; Unit Owners may not place signs in windows or on common/limited common elements (Article VI, Section 6.1(b))

Use restrictions

All Units shall be used only as a residence for a single 'family' (defined as individual or two or more related persons or not more than two unrelated) (Article VI, Section 6.1(a))

Voting & meetings

Class A (all Owners): 1 vote per lot; Class B (Declarant): 3 votes per lot until 2/3 of lots sold to Owners (Article III, Sections 3.01 and 3.02)

Amendments

First 20 years: instrument signed by not less than 90% of Lot Owners; thereafter: not less than 75% of Lot Owners; amendment must be recorded (Article VI, Section 6.03)

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