Summerstone

Key facts from Summerstone's documents

Community type

Homeowners Association (Title; Section 1.6)

Legal name

Summerstone Homeowners Association (Title; Section 1.6)

Assessments & dues

The Board shall prepare and adopt an estimated annual budget for each fiscal year, which shall serve as the basis for determining the Annual Assessments. The budget shall take into account estimated Common Expenses, cash requirements, net o (Section 7.5)

Special assessments

The Association may levy Special Assessments from time to time, effective only if approved in accordance with the Major Decision procedures set forth in Section 6.4 and with the consent of the Declarant, so long as the Declarant owns any pr (Section 7.7)

Collections & liens

There is created a continuing lien against each Lot to secure payment of all Assessments, together with late fees, collection costs, management fees, attorneys' fees, and other amounts levied against such Lot or the Owner or Occupant pursua (Section 7.3)

Reserves & fees

Each Person or entity acquiring a Lot (other than Declarant or a Designated Builder) shall pay to the Association immediately upon becoming the Owner a Reserve Fund Contribution in the amount of one quarter of the Annual Assessment, secured (Section 7.13)

Leasing & rentals

Leases shall be in writing and shall provide that the terms of the lease shall be subject in all respects to the provisions of this Declaration, the Articles, the Bylaws and the Association Rules. All tenants shall be subject to the terms a (Section 9.10)

Architectural approval

All property subject to this Declaration shall be subject to architectural, landscaping and aesthetic review. No original construction, modification, addition or alteration subject to the Architectural Committee's jurisdiction (including la (Section 8.3)

Home business

An Owner or Occupant may conduct a business activity in the Dwelling Unit only if: (a) the existence or operation of the business activity is not apparent or detectable by sight, sound or smell from outside the Dwelling Unit; (b) the busine (Section 9.1)

Use restrictions

The Property shall be used only for residential, recreational and related purposes. No Lot or other part of the Property shall be used, directly or indirectly, for any business, commercial, manufacturing, industrial, mercantile, vending or (Section 9.1)

Voting & meetings

Each Owner shall have one vote for each Lot owned. The Association shall have one class of voting Members and each shall have one vote for each Lot owned. (Sections 3.1, 3.3)

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