Stonecrest Owners Association

Key facts from Stonecrest Owners Association's documents

Reflects the 2013 governing documents — figures and rules are as originally recorded and may have changed since.

Legal name

Stonecrest Owners Association, Inc. (Section 1.6)

Developer / declarant

D.R. Horton, Inc., a Delaware corporation (Recitals and Section 1.13)

Governing law

Tennessee Horizontal Property Act, Tenn. Code Ann. § 66-27-101 through 123 (Recitals and Section 1.1)

Special assessments

May be levied by Board for capital improvements, repairs, replacements, or emergencies (including operating deficits) (Section 7.9)

Collections & liens

Association has lien for unpaid assessments; may be enforced by sale; lien subordinate to taxes and recorded first mortgages (Sections 7.13, 7.14)

Pets

Dogs, cats or other household pets allowed; no breeding for commercial purposes; livestock, poultry, reptiles prohibited (Section 11.20)

Leasing & rentals

Owner may lease Lot or Unit with a written lease, copy delivered to Board (Section 11.4)

Fences

Fences, walls, and hedges must comply with Design Guidelines and be approved by IRC (Section 10.6)

Home business

Permitted if not apparent to third parties, no excessive noise/traffic, complies with zoning and other provisions (Section 11.23)

Signs & flags

Prohibited except as permitted and approved (Section 11.22)

Insurance

Each Unit Owner must obtain insurance for Unit and Private Elements (full replacement cost) and personal liability; copy of certificate to Board upon request (Section 4.14(d))

Use restrictions

Lots and Units shall be used for single family residential purposes only (Section 11.2)

Voting & meetings

One Vote per Lot and/or Unit owned; joint owners exercise one vote per Lot/Unit by proxy; delinquent members lose vote (Sections 3.4, 3.5)

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