Any purchaser in the subdivision takes note and acknowledges by purchasing a lot herein a property owners association incorporated as a non-profit corporation, to be known as Sandstone Lakes Property Owners Association, Inc., the membership of which is comprised of all owners of property located in the subdivision and Developer and its successors by assignment.
The Association shall be responsible for implementation and enforcement of the provisions of the Covenants and Restrictions.
HOA DUES & ASSESSMENTS
Annual dues are $660.00 per year, per lot. Owners specifically understand and consent by purchasing a lot within the subdivision, that annual dues may be increased by the Developer or the Association and that special assessments (limited to 5% over the preceding year) may be levied.
Dues shall include expenses related to, but not limited to, the following:
*** This information is merely a summary of the information contained within the Covenants & Restrictions and serves only as a reference for residents. Residents should always review the complete Covenants & Restrictions and any amendments thereto before submitting plans to the committee and commencing with construction.
Sandstone Lakes Property Owners' Association