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)

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.