Stone's Lake POA

Key facts from Stone's Lake POA's documents

Reflects the 2004 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Property Owners Association (Article 26: Stone's Lake Property Owners)

Legal name

Stone's Lake Property Owners Association, Inc.

Units / lots

Lots 1-29 and 42-47 (approximately 35 lots) (Page 2: all of Lots 1-29 and 42-47 of St)

Assessments & dues

Annual assessment or charge for purposes stated, due on date established by Association, with reasonable advance written notice. Amount not fixed in documents; to be established by Association. (Article 26C, Page 12: The owner of each )

Special assessments

Declarant and Association shall have power to levy special assessments at such times, for such amounts and for such purposes as may be specified in any amendment or supplemental declaration or in deeds from Declarant. (Article 26C, Page 12: Declarant ... and )

Collections & liens

Any assessment remaining unpaid for 30 days or longer constitutes a lien on the lot when a Notice of Assessment and Lien is filed. Foreclosure in like manner as mortgage on real estate under power of sale under NC Gen Stat Chapter 45 Articl (Article 26D, Page 13: Any assessment or )

Reserves & fees

Late charge of $25.00 to cover administrative expenses. (Article 26D, Page 13: including a late c)

Pets

Reasonable number of dogs and cats (Article 7, Page 6: a reasonable number o)

Leasing & rentals

Lease or rental of a dwelling for residential purposes shall not be considered a violation of the covenant against trade or business. (Article 1, Page 3-4: Lease or rental of )

Parking & vehicles

Outside storage or parking of commercial vehicle, truck (other than pickup owned by lot owner), trailer, tractor trailer, mobile home/manufactured home, bus prohibited on any lot, road, or common area. Exceptions for Developer's vehicles an (Article 3, Page 4: there shall be no out)

Architectural approval

Committee shall approve or deny in writing within 30 days after proper submission. If no action within 30 days, approval deemed given provided plans were properly submitted. (Article 2B, Page 2: Such approval shall )

Home business

Lease or rental of a dwelling for residential purposes shall not be considered to be a violation. (Article 1, Page 3-4: Lease or rental of )

Setbacks / home size

If no minimum building setback line is shown on plat: 50 feet from road right-of-way lines; 35 feet from rear lot lines and streams; 35 feet from interior lot lines other than rear; 75 feet from lakes and ponds. (Article 4, Page 5: No building shall be )

Use restrictions

All numbered lots are designated single-family residential. No trade or business of any kind may be conducted on any lot, nor may any trade materials or inventories be stored upon any lot. (Article 1, Page 3: All numbered lots ...)

Voting & meetings

Class A members: one vote per lot. Class B member (Declarant): originally entitled to two votes per lot owned, decreased by one vote for each Class A member existing. Termination as above. (Article 26B, Page 13-14: (a) Class A mem)

Amendments

Declaration may be amended by written amendment signed by owners of at least 67% of lots and by Developer if Developer still owns lots, or by document executed by Secretary of Board certifying approval by 67% of votes of Association and sig (Article 29, Page 14: This Declaration ma)

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