Stonehill (NC)

What Stonehill (NC)'s governing documents say

Stonehill is a single-family home HOA in Raleigh, NC (Durham County), governed by a Declaration of Covenants, Conditions, and Restrictions. It applies to homeowners in the Stone Hill Estates subdivision, and the HOA maintains common areas and enforces rules.

• What you own & maintain: You own your lot and home; the HOA maintains common areas and storm water drainage systems. Owners are responsible for their own property and must not alter common areas without HOA consent.
• Assessments & fees: Annual HOA assessments are set by the Board, initially capped at $120/year per lot (until 1998), with increases limited to 10% per year unless approved by two-thirds of owners. Special assessments for capital improvements require similar approval. A working capital fee equal to 1/6 of the annual assessment is due at initial sale.
• Architectural review: Any exterior changes, including buildings, fences, walls, or major landscaping, require written approval from the Declarant (or later the HOA/Architectural Committee). Approval is deemed given if no response within 30 days. A processing fee up to $75 may apply.
• Leasing & rentals: Renting your home is allowed, but tenants must use the property as their principal residence. Rental properties have limited voting rights (max 49% weight on HOA matters).
• Common area use: Owners and their families, tenants, and guests may use common areas, subject to HOA rules. The HOA can charge fees for certain facilities and suspend voting rights for unpaid assessments or rule violations.
• What this document doesn't cover: This excerpt does not include pet restrictions, parking rules, or specific architectural guidelines. Those may be in separate HOA rules or amendments.

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.