Stone Ridge Homeowners Association

Key facts from Stone Ridge Homeowners Association's documents

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

Community type

Homeowners Association – single-family detached residential (Lot definition Article I Section 1.15, B)

Developer / declarant

The Knight Group, Inc., a Georgia corporation (Declaration introductory paragraph, BK:1)

Governing law

Not a condominium under Georgia Condominium Act O.C.G.A. Section 44-3-70 et seq.; not subject to Georgia Property Owners' Association Act O.C.G.A. Section 44-3-220 et seq. (Declaration introductory paragraph, BK:1)

Assessments & dues

Board prepares budget at least 30 days before fiscal year; General Assessments set at uniform rate to meet budget; must be at least $150. Assessment effective unless disapproved by 67% Class A and Class B member. (Article VIII Section 8.3, BK:1738 PG=454)

Special assessments

Allowed for unbudgeted or excess expenses with affirmative vote of 51% total Class A votes and Class B member if exists. (Article VIII Section 8.5, BK:1738 PG=455)

Collections & liens

Association has lien on each Lot for delinquent assessments, interest, late charges, costs, attorneys' fees. Lien superior except for taxes and first mortgage. May be enforced by foreclosure like a mortgage under Georgia law. (Article VIII Section 8.7, BK:1738 PG=455)

Reserves & fees

Board may annually prepare a reserve budget for replaceable assets and include contribution in General Assessment. (Article VIII Section 8.4, BK:1738 PG=455)

Leasing & rentals

Yes; no rule may prohibit leasing; Association may require minimum lease term up to 12 months, require approved lease forms, and impose reasonable fee based on administration costs. (Article X Section 10.6(f), BK:1738 PG=46)

Architectural approval

Yes – no structure or improvement, including staking, clearing, grading, exterior alterations, or landscaping, may be commenced without prior written approval of Reviewer (Declarant or ARC). (Article IX Section 9.1 and 9.2, BK:1738 )

Amendments

Referenced in Article XV Section 15.2 (text not provided in excerpt) – amendment of Declaration is possible. (Table of Contents Article XV, BK:1738 PG)

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