STONEWOOD H.O.A.
FREQUENTLY ASKED QUESTIONS
You’ve Got Questions — We’ve Got Answers
What is the Stonewood Association and what does it do?
The Stonewood Association was established to enhance the maintenance and aesthetics of the community. The organization is financially supported by all homeowners of Stonewood Association. Membership is both automatic and mandatory.
Who is the management company, what do they do and how do I reach them?
The management company is API Property Management. They are responsible for the day to day management of Stonewood H.O.A. and report directly to the Association's Board of Directors. The management company executes the decisions made by the Board of Directors.
What is my monthly assessment?
The assessment is the monthly amount due from each homeowner to cover the operating expenses of the common areas facilities. Your assessments are due on the first of each month. Statements will be sent for assessments as a reminder of the amount due. The current monthly assessment is $45.00
What happens if I don't pay my assessment?
The maintenance and management services incurred by the Association are dependent upon timely receipt of the assessments due from each homeowner. The CC&R's allows the Association to charge late fees and proceed with a lien on your property, or foreclosure proceeding for nonpayment of assessments.