FAQs
Yes, all prospective buyers must meet our financial requirements and pass a criminal background check. Prospective buyers are also required to sit for an interview with our Membership Committee.
Yes, there is an administrative fee, based on unit type, paid at the time of purchase.
Penn Center House has never had a special assessment.
Purchase financing is available through First Trust Bank. For additional information, please reach out to Debra Temoyan, Senior Loan Officer, at 610-246-4408 or DTemoyan@firstrust.com.
The monthly carrying charge includes, but is not limited to, basic cable, electric, gas, water, property taxes and a maintenance package.
Penn Center House is governed by a Board of Directors consisting of 7 Members of the Cooperative. These Directors are elected by the general membership at our Annual Meeting.
Penn Center House allows cats and birds as pets. We are a “no-dog” building, with the exception of properly documented service dogs.
All units are expected to be owner occupied. Subletting and short-term rentals (Airbnb, Vrbo, etc.) are not permitted.
Members that executed their Occupancy Agreement after March 26, 2018 are prohibited from smoking in their unit. Members that executed their Occupancy Agreement prior to that are grandfathered in and may smoke in their unit.
Yes, with approval.