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Bahama Sound Documents

METHOD OF SALE

The lots are sold on an Agreement for Deed with title and possession retained by BAL until such time as payments are completed in accordance with the installment payment schedule on the face of the Agreement.  Upon completion of all payments and costs, Bahama Acres Limited will convey good and marketable title to the Purchaser based upon a Certificate of Title previously received by BAL from the Supreme Court of The Bahamas.  The cost of recording the deed, notarization fee, and required stamp duty are also borne by the Purchaser.

LOT SIZES

The average lot size is 10,000 square feet (43,560 sq. ft. to one acre) unless otherwise noted on the area schedule of the plat map pertaining to the lot purchased.

ENCUMBRANCES

The property is free and clear of any mortgages.   All precious minerals such as gold and silver and all petroleum deposits as may be found on the land, are reserved to the Bahamian government; however, no such precious minerals or petroleum deposits are presently known to exist. The property is also subject to any existing rights of way, roads and highways, ditches, canals, utility easements and conveyances therefor, governmental regulations, and Reservations, Restrictions and Protective Covenants which were recorded in the official records of the Registrar General, Nassau, Bahamas, Book 2188, Pages 475 to 479, January 15, 1974.

PLAT MAP RECORDING AND APPROVALS

The plat maps for each subdivision of Bahama Sound have been recorded in the Lands and Surveys Department (formerly the Crown Lands Office) in Nassau.  The plans and developments were approved by the Ministry of Works and the Ministry of Development. Recording data, acreages, and distances to George Town from the various subdivision units are as follows:

Sub-
division

Approx Distance to Sea

Approx distance to Georgetown

Date plat recorded

No. Plat

4

Frontage

13 miles

Feb 67

76

4 East

Frontage

10.5 miles

June 64

80

5

0.4 miles

12.5 miles

Feb 67

98

5 East

0.4 miles

10.5 miles

Jan 64

74

6

0.6 miles

11.5 miles

Oct 67

104-5

6 East

0.6 miles

10.5 miles

Aug 63

71

7 East

1.3 miles

11.5 miles

Sept 66

95

8 East

2 miles

11 miles

Jan 67

106

10

2.5 miles

13 miles

Sept 68

112

11

Frontage

3 miles

Jan 70

131

11 West

Frontage 3 miles Aug 69 122

12

Frontage

7 miles

June 70

135

14

Frontage

1.5 miles

Dec 69

130

15

Frontage

17 miles

Jan 69

115

16

Frontage

17 miles

Nov 68

113

17 Frontage 13 miles Mar 72 138

18

0.1 mile

2.5 mile

June 71

137

Ocean Addition East

Frontage

10.5 miles

June 64

79

Bahama Acres 4 Frontage 13 miles May 03 397

PROPERTY TAX

The statutes provide for a general assessment of real property by the Chief Valuation Officer of the Commonwealth of the Bahamas and applies to all non-exempt Bahamians and all non-Bahamians owning property in the Bahamas.


THE BAHAMA SOUND PROPERTY OWNERS ASSOCIATION (P.O.A.)

The Property Owners Association has been chartered under Bahamian law and the roads, rights-of-way,  parks and reserves have been dedicated to the Association whose responsibility it is to provide the maintenance thereof.

Each Purchaser agrees to join the P.O.A. and pay annual dues to P.O.A. which are assessed on a per-lot basis. 

LAND USE

Land use is restricted to single and multi-dwelling buildings ("multi-dwelling" meaning more than one dwelling unit per lot).

The lots offered for sale require no unusual drainage or fill. However, clearing and grading of lots are the responsibility of the individual purchaser.

The basic soil structure of the Island is oolitic limestone covered with top soil varying from 2 to 12 inches in depth and is suitable for most garden crops.  The elevation of the property rises from sea level to as high as 70 feet.  Except for cultivated fields and residential areas, the Island is mostly covered with a variety of native trees and shrubs.

IMPROVEMENTS

Streets or Roads.  Every individual lot is accessible throughout the year over crushed rock roads or asphalt surfaced roads and have been completed in accordance with government specifications and with the approval of the Ministry of Development. The government does not levy taxes for road maintenance in Great Exuma and, therefore, this is the responsibility of individual property owners through the P.O.A..

Water Supply.  Each property owner is responsible for his own water supply which may be obtained from an individual well or from a cistern (i.e. a receptacle for the storage of rainwater).

Sewage Disposal. Sewage disposal will be by means of an individual septic tank system installation subject to approval by the local Town Planning Committee. 

THE INFORMATION CONTAINED HEREIN IS TRUE AND CORRECT TO THE BEST OF THE COMPANY'S KNOWLEDGE BUT IS NOT WARRANTED. THE INFORMATION IS ALSO SUBJECT TO CHANGE WITHOUT NOTICE AT ANY TIME AND FROM TIME TO TIME.