The Entity responsible for the management of SBCC is a non-profit organisation: ECU Sierra Blanca Country Club, registration number V92849140.

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
• extraordinary security services
• repairs and general maintenance
• water supply for common areas
• legal and judicial expenses
• administration
• sewage treatment

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.

Bank Details for payment of Community Fees

Bank Name: Sabadell Solbank

Bank Address: Complejo Gomez Barrio Ctra.N340, Km, 166, Estepona, Málaga, 29688, Spain

IBAN:  ES79 0081 7468 21 0001400844

Beneficiary:  ECU Sierra Blanca Country Club

Name of the Account:  EUC SBCC 2009

SWIFT Code:  BSABESBB

Las Terrazas Apartments Community Fees

SBCC consists mainly of individual villas, but Las Terrazas is a building of 16 apartments. Each apartment owner pays community fees to the Entity based on the square metres of their apartment, 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, private gardens, underground parking, building insurance for exclusive areas, and internal maintenance. Villa owners do not have access to these facilities.

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/apartment urbanisations.

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 community’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 cover the unpaid fees.

Treasury and Budget Matters

An annual budget is prepared and approved in advance by property owners.

For transparency and reassurance, an independent auditing firm reviews the community’s finances each year to ensure that expenses are legitimate, properly incurred, and that the community only pays for services actually received.