BALLYMEADE

Attention Realtors and Settlement Attorneys ! ! !

Deed Restricted Community

Realtors, please point out to all prospective buys that Ballymeade is a deed restricted community. A copy of the restrictions is on this website or you can get a copy from our management company - Penco Management, Inc., ask for Ron White at 610.358.5580 extension 1022.

No For Sale Signs at Entrance/No For Rent Signs

Our deed restrictions do not allow For Sale signs to be placed anywhere in our community except on the property of the home being sold. Open House signs are permitted on the day of the open house only. Thank you.  For Rent signs are not allowed at all, even on the homeowners property.

CAPITOL IMPROVEMENT ASSESSMENT

Two Times the Annual Assessment due from Buyers at settlement 

Realtors, Settlement Attorneys and Homeowners, please take note of the following:

At the Ballymeade Annual Community Meeting held February 26, 2024, an important motion by the Board of Directors to implement a new Special Assessment was passed by unanimous vote. As a Ballymeade homeowner, the two key points you must be aware of are as follows:

• This assessment does not impact you as a current owner until you put your home up for sale.

• Effective immediately, if you are selling your house, you will need to indicate on the “Seller’s Disclosure Form” that a one-time, non-refundable “Capital Improvement Assessment” of Two-Times the Annual Maintenence Fee will be paid by the buyer at the time of settlement by writing a check made payable to the Ballymeade Maintenance Corporation.

If you are interested in understanding more about the rationale for this Capital Improvement Fee, more information and “Frequently Asked Questions” are available under links.

Penco Management, Inc., 

610.358.5580 extension 1022

Respectfully submitted,

The Ballymeade Maintenance Corporation
Board of Directors