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.
A Guam Boat Mooring License between Condominium Association and Owner of Unit — Dock or Slip Rental is an agreement that outlines the terms and conditions for the rental and use of a boat mooring dock or slip within a condominium complex in Guam. Keywords: Guam, boat mooring license, condominium association, owner of unit, dock rental, slip rental. This type of license is essential for individuals or owners of units within a condominium complex in Guam who wish to moor their boats or watercraft in a designated dock or slip. The license is typically issued by the Condominium Association, which governs the rules and regulations of the complex. The agreement will include a detailed description of the licensed dock or slip, including its location and dimensions. It will outline the duration of the license, which can range from short-term rentals to long-term agreements. There may be different types of Guam Boat Mooring Licenses, including: 1. Temporary Mooring License: This type of license allows the owner of the unit to rent a dock or slip for a short period, such as a day, week, or month. It is ideal for temporary boat owners or visitors to Guam who require a place to moor their watercraft temporarily. 2. Seasonal Mooring License: This license is suitable for boat owners who wish to rent a dock or slip for a specific boating season. It typically lasts for a few months to a year and is commonly used by individuals who reside in Guam seasonally or prefer to boat during specific periods. 3. Long-Term Mooring License: This type of license is for boat owners who wish to secure a dock or slip for an extended period, such as several years or even indefinitely. Long-term licenses provide stability and convenience for boat owners who use their watercraft frequently and require a permanent mooring location. The Boat Mooring License will outline the rights and responsibilities of both the Condominium Association and the owner of the unit. It may include provisions such as rental fees, maintenance responsibilities of the dock or slip, liability and insurance requirements, rules regarding boat size and type, and any restrictions on the use of the mooring facility. Overall, a Guam Boat Mooring License between a Condominium Association and the Owner of Unit — Dock or Slip Rental provides a legal framework for the rental and use of a boat mooring facility within a condominium complex in Guam. It ensures clear expectations and fosters a positive relationship between the association, unit owners, and boat owners.
