- Buying/Selling a home or property?
- Real Estate agent assisting a Buyer/Seller?
- Lender or Title Agency?
While we are not an HOA (Home Owners Association), we do have a mandatory annual covenant fee linked to each home and/or property/lot.
Beach Management Corporation (BEMANCO) is responsible for the collection of the mandatory annual covenant fees management, maintenance, insurance, and up keep of the community beach properties. BEMANCO has no control, or authority, of the roads, neighbor disputes, personal property appearance, trash, utilities, etc.
I'm selling, Now What?
Your title company is responsible for obtaining current financial balances regarding mandatory annual covenant fees.
There is a $25.00 fee associated with each request for settlement information. Please have your title company submit the Title Company Request form below. Settlement information will be provided only after $25.00 fee has been received so ensure your title company makes their request, and pays the associated fee at least two (2) weeks in advance!
Real Estate Agents are responsible for notifying the title companies of the need to request the documents for settlement at least 2 weeks prior to closing. Real Estate Agents should not execute this request unless they intend to pay the associated $25.00 fee in advance! Additional Covenant Fee documents and By-Law information can be found here.
Beach Management Corporation (BEMANCO) is responsible for the collection of the mandatory annual covenant fees management, maintenance, insurance, and up keep of the community beach properties. BEMANCO has no control, or authority, of the roads, neighbor disputes, personal property appearance, trash, utilities, etc.
I'm selling, Now What?
Your title company is responsible for obtaining current financial balances regarding mandatory annual covenant fees.
There is a $25.00 fee associated with each request for settlement information. Please have your title company submit the Title Company Request form below. Settlement information will be provided only after $25.00 fee has been received so ensure your title company makes their request, and pays the associated fee at least two (2) weeks in advance!
Real Estate Agents are responsible for notifying the title companies of the need to request the documents for settlement at least 2 weeks prior to closing. Real Estate Agents should not execute this request unless they intend to pay the associated $25.00 fee in advance! Additional Covenant Fee documents and By-Law information can be found here.