Stonecrest HOA

Key facts from Stonecrest HOA's documents

Reflects the 2001 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Stonecrest Estates

Units / lots

103 (Background paragraph 1)

Developer / declarant

Delilah Oaks Construction Co., Inc. (Preamble)

Assessments & dues

Set annually by Board based on total anticipated expenses; same for all owners (Article V Section 6(a))

Special assessments

Permitted for capital improvements with assent of two-thirds of all eligible votes cast at a meeting called on 30 days notice (Article V Section 7)

Reserves & fees

The Association may assess the reasonable cost of preparing a certificate of information to the selling owner (Article VII Section 1(h) last sentence)

Leasing & rentals

Yes, but with conditions (Article VII Section 1(h))

Parking & vehicles

Commercial vans are prohibited (cannot be erected or permitted to remain on any lot without written consent) (Article VII Section 1(k))

Home business

Prohibited (no accessory business, professional or commercial uses) (Article VII Section 3)

Setbacks / home size

20-foot wide deed restricted buffer in the rear of lots on which no building shall occur (Article X Section 3)

Insurance

Each owner must maintain fire and extended coverage insurance with a mortgagee endorsement; owner must repair or rebuild with new materials of like kind and quality (Article VII Section 1(e))

Use restrictions

Yes; all lots shall be used exclusively as sites for single family residences; no accessory business, professional or commercial uses (Article VII Section 3)

Voting & meetings

25% of eligible votes present in person or by proxy (By-laws Article 3 D)

Amendments

By affirmative vote of not less than 75% of owners; recorded in Atlantic County; Board may make corrective amendments without owner approval under certain conditions; Declarant may amend without materially affecting others until last lot so (Article IX Section 1)

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