Stoneridge Hills

Key facts from Stoneridge Hills's documents

Reflects the 2019 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Covenant / Planned Community

Legal name

Stoneridge Hills Homeowners Association, Inc. (Section 1.7)

Developer / declarant

LGI HOMES – SC, LLC

Governing law

South Carolina Non-Profit Corporation Act, South Carolina Homeowners Association Act (referenced as 'the Act'), South Carolina Uniform Arbitration Act (S.C. Code Ann. §§15-48-10 et seq.) (Preamble and Section 3.1)

Assessments & dues

Board adopts budget, sends notice with summary and amount due within 30 days, then holds meeting 10-60 days after mailing; budget ratified unless Members with >75% of all votes reject. If rejected, prior ratified budget continues. (Section 4.3(A))

Special assessments

Requires assent of Members holding at least 2/3 of votes entitled to be cast in person or by proxy at a duly called meeting. (Section 4.4)

Reserves & fees

Resale Capital Contribution: 0.25% of sales price due from purchaser on resale (not from Declarant or Designated Builder). (Section 4.12)

Pets

Reasonable number of cats, dogs, and other household pets may be kept, not for commercial purposes, not a nuisance. (Section 5.12)

Leasing & rentals

6 months. (Section 5.11)

Parking & vehicles

Generally prohibited; exception for vehicles too large for driveway during daylight hours only. (Section 5.6)

Architectural approval

Owner submits written request; Committee may request additional info; application fee not exceeding $25; if no approval/disapproval within 60 days after receipt of all requested info and fee, approval deemed given. (Section 5.21(D))

Home business

Permitted if in accordance with municipal ordinances and does not generate vehicle traffic above normal. (Section 5.1)

Signs & flags

One 'For Sale' or 'For Rent' sign not exceeding 36"x24"; political signs not more than 10 sq ft, placed no earlier than 60 days before election, removed within 2 days after; on Common Area only with ARC written consent. Declarant/Builders m (Section 5.4)

Use restrictions

All lots improved and used only for Single Family Residential Use. (Section 5.1)

Voting & meetings

Class A: one vote per Lot owned. Class B: four votes per Lot owned. Joint ownership: one ballot per Lot; fractional votes not allowed. (Sections 3.7, 3.8)

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