The Entity responsible for the management of SBCC is a non-profit organisation.

All property owners are legally required to pay community fees. These fees support the maintenance and management of the urbanisation, including (but not limited to):

• Street lighting
• Insurance
• Concierge/security
• Gardening and irrigation
• Pest control
• Repairs and general maintenance
• Water supply for common areas
• Legal and judicial expenses
• Administration

Community fees are calculated according to a coefficient structure established when the urbanisation was originally approved. The coefficient is based primarily on the built area of each property. Larger properties have a higher coefficient and therefore pay higher fees, regardless of their specific location within SBCC.

For example, if an urbanisation contained 100 identical properties, each owner would pay 1% of the total community budget.

Multi Tier Fee System:

For vacant plots: 10% of the amount if the property was built and completed.

When a plot is undeveloped, you pay 10% of the fees applicable to a completed property. For example, if the community fee for a completed property is €4,000 per year, the fee for a vacant plot would be €400.

For properties under construction: 50% from the start of construction of the amount if the property was built and completed.

For completed properties:100% fees.

Properties under renovation: 100% fees  

Las Terrazas Town Houses Community Fees

SBCC consists mainly of individual villas, but Las Terrazas is a building of 16 town houses. Each owner pays community fees to the Entity based on the square metres of their town house, just like villa owners.

In addition, Las Terrazas has its own internal community with its own board and its own additional fees. These fees cover facilities exclusive to Las Terrazas residents—such as the private swimming pool, lifts and their maintenance, private gardens, underground parking, building insurance for exclusive areas, and internal maintenance. Villa owners do not have access to these facilities. They are for the exclusive usage of owners at Las Terrazas.

Although some Las Terrazas owners may feel this arrangement is unfair or were unaware when purchasing, this is a common and legally standard structure for mixed villa/town house urbanisations.

Las Terrasas President: Marian Recu

Non-Payment of Community Fees

Owners who fail to pay their community fees are subject to an interest rate of nearly 20% per year on outstanding balances.

The Board is legally required to pursue unpaid fees; otherwise, the shortfall must be covered by other owners through fee increases.

If fees remain unpaid, the Entidad’s lawyer will initiate collection procedures through Patronato (the state collection agency), which may include placing a charge/embargo on the property, freezing bank accounts, and pursuing court action. All associated legal costs are added to the debtor’s balance. Ultimately, the amount owed will be recovered, but in the meantime, other property owners must unfairly cover the unpaid fees.

Please note that the outstanding debts will be recorded on the property itself.

Treasury and Budget Matters

An annual budget is prepared and approved in advance by property owners and presented on this website.

For transparency and reassurance, a well respected and independent auditing firm conducts a financial review the community’s finances each year to ensure that expenses are legitimate, properly incurred, and that the community only pays for services actually received.