Maintenance payments and late fees

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To keep up with the payment of administration, maintenance and repair expenses of our property’s common areas, we need the timely payment of the maintenance fees from each homeowner. Payment of maintenance fees is due on the first day of each month. For your convenience, we send a monthly invoice to remind you of your obligation. Payment can be made by check and sent by mail to:

Asociación de Titulares de Bahía del Mar
#45 Benjamín Gómez, Apt. 400
Rincón, PR 00677

or it can be deposited directly to the Homeowners Association’s bank account:

Bank: Westernbank de Puerto Rico
Routing number (ABA): 221-572-702
Account number: 200-4004630
Account name: Asociación Titulares Bahía del Mar

Remember to include your apartment number in your check, or to send notification to the Board Treasurer if depositing directly into the account.

Late Fees

The By-Laws of Bahía del Mar Condominium, in its Article V, section (2), establishes that maintenance fees not paid within the time frame provided will be charged interest at the maximum legal rate, which is six percent (6%) in Puerto Rico. Also, homeowners that have not paid their maintenance fee by the fifteenth (15th) day of the month will be subject to a surcharge equivalent to ten percent (10%) of the fee due. In the case of two (2) or more maintenance fees invoiced without payment by the fifteenth (15th) day of each month, homeowners will be subject to a surcharge equivalent to twelve percent (12%) of the total amount due.

After two (2) payments in delinquency, the homeowner will be sent by certified mail a detail of the charges due, warning him/her that if the total amount due is not paid within fifteen (15) days, water and electricity services will be disconnected. If these services are reconnected without previous authorization of the Board of Directors or Administrator, the homeowner will be subject to the imposition of a triple surcharge.

The lack of payment of three or more maintenance fee installments will imply an additional surcharge of one percent (1%) of the total debt. In addition, the homeowner will be denied the right to vote in the homeowners assemblies and to participate as a member of the Board of Directors, until the debt is fully paid.

The homeowner with delinquent maintenance fees invoiced will be subject to be judicially required to pay the amounts due, and will be responsible for all incidental charges and expenses, including, but not limited to, legal expenses.

We urge you to responsibly contribute to the maintenance of our condominium in order to suitably use and enjoy this property.