ESTOPPELS
If your lot has a structure on it that is part of the sale, you must use a closing agent. If you are selling a lot with no structure on it, you can handle the transaction yourself if you wish.
Regardless of whether or not you use a closing agent, you will need an Estoppel as part of the closing documents. An Estoppel shows:
- Any current and/or ongoing expenses (such as maintenance fees) due to Alligator Park.
- Special assessments for your property due to Alligator Park.
- Past-due amounts payable to Alligator Park. Any amount in arrears must be settled before or at the time of closing.
- Unresolved violations.
Please keep in mind that we must show any expected expenses that may occur during the “effective period” of the Estoppel. The effective period begins when the Estoppel is issued and ends when the sale is closed. If the first of the month falls during the effective period, that month’s maintenance fee will show as money due the Park unless you pay the maintenance fee in advance.
The Estoppel can be requested by either the closing agent or shareholder, whoever is handling the sale of the property. The Estoppel will not be issued until we receive a copy of the signed sales contract and the closing date has been set. A $250.00 fee will be charged for preparing an Estoppel and it will be available ten (10) business days after the request is submitted. If one is needed in nine (9) business days or less an additional $100.00 fee will be added.
To request an Estoppel, contact
Julie Ritchie at
941-639-7000 or by email at
alligator-bookkeeper@comcast.net. Be sure to enter your name, address and phone number in the email request.
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