Stone Creek Homeowners Association Inc

What Stone Creek Homeowners Association Inc's governing documents say

This is a declaration of covenants for a single-family home community in Raleigh, NC, establishing a homeowners association (HOA) to maintain common recreational areas. It applies to all lot owners in Stone Creek subdivision, who are automatically members of the association.

• What you own & maintain: You own your detached single-family lot and home; the association maintains the common properties (recreational areas) and can charge fees for their use.
• Assessments & fees: Annual assessments fund maintenance of common areas. The maximum annual assessment was $150 per lot in 1985, and can increase up to 5% per year without a vote; higher increases require a 2/3 vote of each membership class. Special assessments for capital improvements also require a 2/3 vote.
• Architectural review: Any exterior changes or new structures on common properties require written approval from the association's board or architectural committee; approval is automatic if no decision is made within 30 days.
• Use of common properties: All owners have an easement to use common properties, but the association can suspend use for unpaid assessments or rule violations (up to 30 days for infractions), and can charge guest fees.
• Leasing & rentals: Owners may delegate their use rights to tenants, but the document does not specify lease terms or rental restrictions.
• What this document doesn't cover: This excerpt does not include rules on pets, parking, age restrictions, or other typical HOA restrictions; it focuses on common property maintenance and assessments.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.