Planning to Buy or Sell a Stoneledge Townhome?
If so, here is a list of things you should know:
1. Disclosure information is the sole responsibility of the seller, not the HOA.
2. There is a 2 month Capital Contribution Fee (not including any special assessments) due the Association upon closing. That fee is $750. This is specified in the Stoneledge at Lake Keowee HOA Covenants, Article VI, section 4e( Stoneledge at Lake Keowee Covenants)
3. If there is a Boat Slip License which is to transfer with the town home, the new owner must fill out a Boat Slip Transfer Application. (Application for Transfer of Boat Slip License ) If the listing price of the home includes the cost of the Boat slip license ($15,000 value), there will be a $3000 fee owed the Association as specified in Dock Rules section 4a (Third Amended Dock Rules ). Boat Slips are not deeded to town homes. Slips have been licensed to Owners on a first come first serve basis. If the Boat Slip License is to be conveyed to the new owner outside of the listing but within the specifications noted in the Third Amended Dock Rules the new owner will pay the Association $15,000 with the Application and the Association will refund the Seller 80% of the license fee the Seller paid when the slip was obtained, (in most cases $12,000). If the Buyer does not want to transfer the Boat Slip license, the seller will be refunded 80% of the fee that was originally paid by the Association, and the Boat Slip License will be offered to the first person in line on the Boat Slip Waiting List. Please note the parameters listed regarding Boat and lift size in the Dock Rules.
4. To be properly added to both the accounting system, and the gate system, the new owner must fill out the HOA information form Stoneledge New Owner Info rev 8.4.23 and submit it to the HOA at the time the closing statement of account is requested.
5. There is a nonrefundable $100 Closing Statement of Account Fee payable to the Association to be collected at closing.
6. If a new owner wishes to be added to the Boat Slip waiting list, the following form Request to be added to the Boat Slip Waiting List needs to be filled out and submitted to the Board after the closing.
7. Any lot or unit bought or sold after May 17, 2018 will have a minimum lease term of 90 days. See 2018 Amendment to the Covenants for details.
DISCLAIMER:
The Stoneledge HOA will not be held responsible for any information provided by any owner, seller, seller’s agent, or any other entity or organization, regarding any listing, transaction or action involving any unit, dock, common area or amenities of Stoneledge at Lake Keowee. Any such inquiries, descriptions, fees, or any other information shall be provided solely by and shall be the sole responsibility of the unit owner.
Bill 3886 South Carolina Homeowners Association Act
Residential property condition disclosure statements
SECTION 2. Section 27-50-40(A) of the 1976 Code is amended to read:
“(A) Except for transactions exempted under Section 27-50-30, the owner of the real property shall furnish to a purchaser a written disclosure statement. The disclosure statement must contain the language and be in the form promulgated by the commission and the form may be delivered electronically through the Internet or other similar methods. The commission may charge a reasonable fee for the printed form but shall post the form for free downloading on its public website. The disclosure statement must include, but is not limited to, the following characteristics and conditions of the property:
(1) the water supply and sanitary sewage disposal system;
(2) the roof, chimneys, floors, foundation, basement, and other structural components and modifications of these structural components;
(3) the plumbing, electrical, heating, cooling, and other mechanical systems;
(4) present infestation of wood-destroying insects or organisms or past infestation, the damage from which has not been repaired;
(5) the zoning laws, restrictive covenants, building codes, and other land-use restrictions affecting the real property, any encroachment of the real property from or to adjacent real property, and notice from a governmental agency affecting this real property;
(6) presence of lead-based paint, asbestos, radon gas, methane gas, underground storage tank, hazardous material or toxic material, buried or covered, and other environmental contamination;
(7) existence of a rental, rental management, vacation rental, or other lease contract in place on the property at the time of closing, and, if known, any outstanding charges owed by the tenant for gas, electric, water, sewerage, or garbage services provided to the property the tenant leases;
(8) existence of a meter conservation charge, as permitted by Section 58-37-50, that applies to electricity or natural gas service to the property; or
(9) whether the property is subject to governance of a homeowners association, as provided in Chapter 30 of this title, which carries certain rights and obligations that may limit the use of his property and involve financial obligations.”