Coffeeville Lake Topics: rick is correct
(Coffeeville Lake Specific)
0 messages
Updated
Lakes Online Forum
83,605 messages
Updated 4/25/2024 9:33:24 PM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Coffeeville Lake Specific)
0 messages
Updated
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
John C
- 
|
|
Subject:
|
rick is correct
|
|
Date:
|
4/24/2012 11:17:09 PM
|
|
It is a fee paid to them upon sale, but it has to be in the original deed to begin with when they sell it to you. So, for instance, if you bought a Windermere lot from RL in 1983, and that transfer fee was not in the deed restrictions when you bought it, you are not subject to paying it upon selling. However, for example, if when you bought a lot in an applicable phase of the Ridge, and this provision was in there when they sold it to you, you will.
Please note I am not an attorney and this is a layman's understanding. Each person who wonders about their own lot should go to the attorney that closed their sale and ask him / her if this applies, or get an attorney to look into your title.
Is it a "tax?" I don't think so because it's not going to a government, it's going to their trust whose stated purpose is to keep up the area, etc etc. I think it's more akin to a Homeowner Association fee, but maybe that's just semantics. If anyone has any questions they should ask Steve Forehand at Russell Lands, the corporate Secretary.
|
|
Reply
Back
Search
Coffeeville Lake Topics Forum
»
Alabama Lakes
»
Coffeeville Lake
Login
|
Home
