Policy 18
/Definition of Ownership and Procedure of LISECC Lot Sale and Change of Member Records
18A Definition of Ownership
The transfer of ownership of real property within LISECC will be deemed bona fide and in the manner provided for by LISECC policy and bylaws and the laws of the State of Washington when the transfer of ownership is duly recorded on the property roles of the Whatcom County Assessor’s Office.
18B Procedure of LISECC Lot Sale and Change of Member Records
Respond to incoming call or letter from Title/Escrow company notifying LISECC of pending sale of member lot by completing a (Title/Escrow company-provided) transaction-details form, including all of the following for the lot(s):
$100 Lummi Island Scenic Estates transfer fee, for each lot being transferred,
Total year’s assessed annual dues, remaining balance owing, and date due.
Total annual water fees, remaining balance owing, and date due.
Total annual Washington State water loan payment, remaining balance owing, and date due.
Total other fees and charges, remaining balance owing, and date due.
Keep a copy of the above statement, pending receipt of the Title/Escrow company check after the transaction closing date. Reconcile and post payments to the member account on LISECC accounting system.
Update LISECC lot record with new member name, address, phone number, and email address.
Prepare and mail New Member Welcome Letter and New Member Lien Awareness Letter.
File copies of all the above in the Lot file folder in the LISECC Administrative Office.
Effective October 17, 2010.
Approved by the Board of Directors in regular session October 17, 2010, William Boulton, President.
Approved by the Board of Directors in regular session January 27, 2013, Mark Sexton, President, revised 18 September 2024.
