Stonemill Falls Homeowners Association Inc

Key facts from Stonemill Falls Homeowners Association Inc's documents

Community type

Covenant / Planned Community

Legal name

Stonemill Falls Homeowners Association, Inc. (Article I, Section 4)

Developer / declarant

PARKER & ORLEANS HOMEBUILDERS, INC., a Delaware corporation (Preamble)

Governing law

North Carolina Planned Community Act (Chapter 47F of the North Carolina General Statutes) (Article I, Section 1)

Assessments & dues

$560.00 per Class A Lot until December 31, 2015. Class B Lots and Declarant-owned Lots: 25% of Class A rate (unless occupied as residence, then Class A rate). (Article V, Section 3)

Special assessments

Requires approval by Declarant (during Declarant Control Period) and at least two-thirds (2/3) of Class A Members present and voting. Special assessment for Class B Lots is always zero. (Article V, Section 5)

Collections & liens

Assessments unpaid for 30+ days become a lien on the Lot (per §47F-3-116) and may be foreclosed. Personal obligation of Owner at time assessment became due; subsequent Owner not personally liable unless expressly assumed. (Article V, Section 7)

Reserves & fees

Late charges, interest, and costs of collection (including attorney's fees) are added to unpaid assessments. (Article V, Section 7)

Pets

Yes (Article X, Section 4)

Parking & vehicles

No parking on any Lot or street except in designated paved parking space (driveway or approved parking pad). Exceptions for one-time events (graduation, birthday, holiday gatherings). (Article X, Section 6)

Fences

Fences must meet Code requirements and be approved per Declaration. Chain-link fences not permitted. Retaining walls and Declarant-installed entrance fences are exempt. (Article X, Section 9)

Architectural approval

No building, fence, sign, wall, or other structure (including play equipment) shall be commenced, constructed, erected, or maintained, nor exterior addition/change/alteration made, nor major landscaping/re-landscaping commenced, until plans (Article IX)

Home business

Occupant may conduct business within Unit if: (i) Board approval and all licenses/permits obtained; (ii) not apparent or detectable by sight, sound, or smell from outside; (iii) no door-to-door solicitation; (iv) not a nuisance or threat; ( (Article X, Section 1)

Signs & flags

No sign of any kind displayed to public view on any Lot except: signs advertising Lots for sale during construction/sales period; one sign not more than 6 sq ft advertising property for sale/rent; political signs not more than 6 sq ft, plac (Article X, Section 5)

Maintenance

Each Owner is responsible for maintenance and repair of their Lot and improvements, keeping Lot (including strip of grass in right-of-way between front property line and back of curb) and Unit in orderly condition and suitable state of repa (Article VI, Section 1)

Use restrictions

All Lots shall be used for residential purposes only. (Article X, Section 1)

Voting & meetings

Class A Members: 1 vote per Lot owned. Class B Member (Declarant): 9 votes per Lot owned until Declarant Control Period expires, then 1 vote per Lot. (Article III, Section 2)

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