The property owners association (POA) is responsible for establishing rules, regulations, and policies that benefit the community by providing a structure for enforcing the Covenants, Conditions, & Restrictions (CCRs) and Bylaws ,as well as protecting the investment of all owners. These include things such as:
- Payment of regular assessment ("dues") and special assessments
- Home and property maintenance requirements
- Review of exterior home/property modifications (2023 ARC form, CSA Management, Inc.)
- Lawn and landscaping standards
Every property owner becomes a member of the Association when they buy their home. Buyers are informed of the requirement to pay the annual assessment (dues) and are given access to documents detailing association rules and financial status. All owners agree to abide by these as part of their home purchase.
The goal is always voluntary compliance. In the Stoneridge community, when a violation is noted, it is almost always resolved quickly without any fines imposed. Communication is key. If you cannot comply with a requirement or receive a violation notice, contact CSA Management, Inc. immediately to work towards a solution.
Late or Non-Payment of Assessments
The Regular Assessment, "dues", is invoiced annually. Payment is due January 1st unless prior arrangements are made with CSA Management, Inc.to pay quarterly. Payments are considered late if not received by the 15th.
- As of January 1, 2024, the amount is $300. per year
- Every monthly late payments is subject to a $25. late charge.
A Special Assessment is a one-time fee shared among all owners to pay for an unexpected POA expense that the normal budget and financial reserves cannot cover.
Collection of Overdue Amounts
As part of the collection process, the POA has the right to charge the owner late fees, be reimbursed for attorney or collection costs, costs of court, and to have a property lien filed.
The POA’s intent is to resolve any violations in the most expedient and neighborly way possible while still maintaining its fiduciary responsibility.
When a violation occurs, the owner may receives a courtesy warning with a window to cure. If not resolved, the process may escalate to include weekly $50 fines plus related expenses and - ultimately - a property lien.