Pine Hill’s structure is one you might not be familiar with, so to assist you in understanding the uniqueness of Pine Hill we ask that you review the following.
Pine Hill is not organized as a Condominium or Cooperative; it is a Corporation. As such, each resident is required to own one share of corporation stock in order to maintain a residence.
According to Pine Hill Residents, Inc. By-laws, the sale of any living unit requires a 5% commission be paid to the Corporation. This is independent of any contract arrangements you have with the unit owner. The price of the living unit is separate from the price of the stock share.
Residents are obligated to pay a semiannual maintenance fee, part of which covers trash pick-up, lawn care and CATV. Also, Pine Hill has a number of rules and regulations that must be adhered to by its Residents. Listed here are excerpts from several rules that directly effect prospective buyers.
Pine Hill Park is for adult residents only, 55 years and older.
No living unit is to be sub-let. Use by anyone other than registered owner/resident will NOT be permitted.
No space will be provided for travel trailers. No motor bikes, motorcycles, ATV’s, watercraft of any type (boat, canoe, pontoon boat-powered or manual) will be allowed in the park.
All pets must be registered. Pets must be less than twenty (20) pounds. One pet per household.
If you have any questions concerning this information, please feel free to contact us at (828) 524-8328