Stonecrest at Norwood

Key facts from Stonecrest at Norwood's documents

Reflects the 2018 governing documents — figures and rules are as originally recorded and may have changed since.

Community type

Planned community under the North Carolina Planned Community Act (N.C. Gen. Stat. Chap. 47F) (BK 01993 PG 0780)

Developer / declarant

Stonecrest at Norwood, LLC, a North Carolina limited liability company (BK 01993 PG 0780)

Governing law

North Carolina Planned Community Act, Chapter 47F, North Carolina General Statutes (Article I, Definition of 'Act')

Assessments & dues

Set annually by Board of Directors; not specified in document (Article V, Section 3)

Special assessments

Allowed for construction, reconstruction, repair, replacement of Common Areas, emergency costs, acquisition of land, etc.; requires Declarant approval while Declarant owns any part of Property (Article V, Section 5)

Collections & liens

Assessment is a continuing lien on the Lot; Association may foreclose; lien subordinate to first mortgages (Article V, Section 1; Article VI, Sectio)

Reserves & fees

Association shall establish and maintain an adequate reserve fund for periodic maintenance, repair, replacement of Common Areas or Maintenance Areas and unanticipated expenses (Article IV, Section 7)

Pets

Yes, common domesticated animals as household pets, not for commercial purposes (Article VII, Section 7)

Leasing & rentals

Yes, subject to restrictions (Article VII, Section 1)

Parking & vehicles

Commercial vehicles, trucks >= 3/4 ton not allowed to park overnight except in closed garage; no inflammatory/explosive cargo vehicles at any time (Article VII, Section 20(b))

Architectural approval

Prior approval from Architectural Review Board for any improvements, site prep, building, alterations, fences, walls, landscaping, tree cutting (Article VIII, general; Article VII, vari)

Home business

Incidental home businesses allowed if in compliance with laws and no undue burden; Board may issue rules (Article VII, Section 1)

Signs & flags

Flags of the United States or State of North Carolina are permitted (Article VII, Section 8)

Setbacks / home size

Building Envelope established by recorded plats; ARB may make exceptions for topography, etc. (Article VII, Section 13)

Maintenance

Association maintains Common Areas, Roadways (until accepted by NCDOT), entryways, swales, medians, Street Lights, etc.; Owners maintain their Lots (Article IV, Section 6; Article V, Sectio)

Use restrictions

Each Lot shall be used exclusively for single-family, non-transient residential purposes (Article VII, Section 1)

Voting & meetings

Class I (non-Declarant Owners) – one vote per Lot; Class II (Declarant) – ten votes per Lot owned (Article IV, 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.