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Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental

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Multi-State
Control #:
US-01508BG
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Word; 
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Description

A license can be terminated at any time by the person giving the license (unless a license agreement states otherwise) and will continue only as long as the person giving the license is the owner of the land. Upon the sale of the property, the license terminates unless the new owner agrees to continue the license.


A condominium is a combination of co-ownership and individual ownership. Those who own an apartment house or buy a condominium are co-owners of the land and of the halls, lobby, and other common areas, but each apartment in the building is individually owned by its occupant. A homeowners or condominium association, consisting of all the members, typically manages the condominium through a board of directors elected by the membership. In this form, the condominium manages the dock and mooring facilities as well as the rest of the condominium owner's property.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular Jurisdiction.

Definition and meaning

A Boat Mooring License between a Condominium Association and the Owner of a Unit is a legal agreement that grants the unit owner permission to use a designated mooring space for their boat or vessel within the condominium's docking facilities. This document outlines the rights and responsibilities of both parties involved, ensuring compliance with necessary regulations and providing clarity on the terms of use, including fees and duration of the license.

How to complete a form

To complete the Boat Mooring License, follow these steps:

  1. Fill in the date of the agreement.
  2. Provide the name and address of the unit owner.
  3. Include the name and address of the condominium association.
  4. Detail the specific mooring space assigned, including any relevant identifiers.
  5. Outline the term of the mooring, specifying whether it is month-to-month or for a specific period.
  6. Indicate the monthly mooring fees and payment due dates.
  7. Gather necessary information about the vessel, including its name, length, and insurance details.

Who should use this form

This form is specifically designed for condominium unit owners who wish to secure a mooring space for their boats or vessels on the condominium property. If you own a unit in a condominium that offers mooring facilities and plan to use these amenities for your personal pleasure craft, this form is essential to formalize your usage rights.

Key components of the form

The Boat Mooring License includes several vital components:

  • Parties Involved: Identifies the unit owner and the condominium association.
  • Mooring Space Details: Specifies the designated mooring space and its identification.
  • Fees: Outlines the costs associated with the mooring, including any security deposits.
  • Duration and Renewal Terms: States the length of the license and conditions for renewal or termination.
  • Liabilities and Responsibilities: Clarifies the risks associated with using the mooring space and the responsibilities of the unit owner.

Legal use and context

This agreement is governed by state laws and regulations which oversee marina and waterfront activities. Typically, it ensures that the mooring space is used only for non-commercial purposes, conforming to local harbor regulations. Familiarizing yourself with these laws can prevent disputes and ensure compliance.

Common mistakes to avoid when using this form

When completing your Boat Mooring License, be mindful of these frequent mistakes:

  • Failing to provide complete and accurate information about the vessel.
  • Neglecting to specify the payment terms clearly.
  • Overlooking the requirement to notify the association of any changes in insurance policy details.
  • Not keeping a copy of the signed agreement for personal records.
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  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental
  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental
  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental
  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental
  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental
  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental
  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental
  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental
  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental
  • Preview Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental

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FAQ

The floating docks at issue are properly classed as tangible personal property. Section 212.05, Florida Statutes, generally imposes tax on the sale or lease of tangible personal property.

Transient Dockage Rates: $3.30 per foot per day or $18.70 per foot per week or $52.80 per foot monthly.

Buying could allow you to build equity and your investment could increase in value. Buying your boat slip also protects you against rising costs if the demand for slips in your area increases. There is also the possibility of renting your slip if demand in your area is high and you want to set off for a while.

Boat slips in general are seeing rising demand, but slips for large boats are in especially high demand. Limited supply and increasing demand across the globe make boat slips an intriguing opportunity for investors. There are two main types of boat slips.

Deeded boat slip means that the bloat slip 'runs with the home' or is deeded to the property. These opportunities are great for many reasons. They add great resale value to the home. They give the owner direct access to Lake Norman and the owner typically is not directly responsible for upkeep.

One of the main benefits of having a dock on your property is that it can significantly increase your property's home value. Recent statistics show that having a dock on your property can increase your home value by an average of 14,000 to 20,000 dollars.

#1 Deeded Boat Docks Deeded boat docks are separately deeded real property. This means you'll be paying condo association dues to cover common elements of the marina or dock area.A deeded property is any type of property that is owned outright in which the deed is recorded in the property's county.

Boat slips and boat docks might sound like the same thing, but they are actually two specific things. In the most basic sense, a boat slip is like a single parking space. On the other hand, the boat dock refers to the actual structure of the wood or metal pier where you are parking the boat.

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Boat Mooring License between Condominium Association and Owner of Unit - Dock or Slip Rental