Stoneridge Place Owners Association Inc

What Stoneridge Place Owners Association Inc's governing documents say

This is a stormwater maintenance covenant for Stoneridge Estates, a single-family subdivision in Raleigh, NC, required by the city. It binds the homeowners' association (Stoneridge Place Owners Association, Inc.) and all lot owners to maintain stormwater control facilities, not a typical HOA rulebook. It's relevant to current and future homeowners because it creates ongoing maintenance obligations and potential assessments.

• Stormwater maintenance responsibility: The association (or a commercial lot owner) is responsible for maintaining stormwater control facilities per the approved manual, and each lot owner is jointly and severally liable for maintenance costs, including unpaid assessments that become liens.
• Assessments & liens: The association can levy assessments for stormwater maintenance; unpaid assessments become liens on the lot. If the city performs maintenance, it can also assess lots and place liens for unpaid costs.
• City enforcement & access: The City of Raleigh has permanent easements to inspect and maintain the stormwater facilities, and can seek specific performance or reimbursement if maintenance is neglected.
• Insurance requirement: The responsible party must carry at least $1,000,000 in liability insurance for the stormwater facilities.
• What this document doesn't cover: This is not a full HOA rulebook; it only covers stormwater maintenance obligations and related easements. It does not address architectural rules, pets, leasing, or other typical HOA restrictions.

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.