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 Wisconsin Boat Mooring License between a Condominium Association and the Owner of a Unit is a legal agreement that regulates the rental of docks or slips within a condominium complex for boat mooring purposes. This license outlines the specific rights, obligations, and responsibilities of both parties involved, ensuring a harmonious and organized arrangement for the use of these facilities. The agreement typically includes the following key terms and conditions: 1. Parties: The license identifies the Condominium Association as the licensor and the Owner of the Unit as the licensee. It should provide their legal names, contact information, and their roles in the agreement. 2. Description of the Unit: A detailed description of the specific dock or slip being rented, including its location within the complex and any unique identification details. 3. Term and Renewal: The agreement specifies the initial term of the license, typically one boating season, with an option to renew or extend if both parties agree. 4. Rental Fees: The license outlines the amount of rent payable by the licensee for the use of the dock or slip, including any additional charges for amenities such as water, electricity, or storage facilities. 5. Payment Terms: The agreement specifies the agreed-upon payment schedule, due dates, and acceptable methods of payment, such as checks or electronic transfers. 6. Use Restrictions: The license sets forth any restrictions on the licensee's use of the dock or slip, such as limitations on boat size, maintenance activities, or the number of boats allowed per slip. 7. Maintenance Responsibilities: The agreement specifies the responsibilities for maintenance and upkeep of the dock or slip, clearly outlining who is responsible for routine maintenance, repairs, and any necessary improvements. It may also mention the requirement for the licensee to obtain insurance coverage for their boat. 8. Indemnification and Liability: This section clarifies that the licensee assumes all responsibility for any damage or injury caused by their boat or actions while using the licensed dock or slip. It may also require the licensee to obtain liability insurance to protect both parties from potential claims. 9. Termination: The license includes provisions for termination, outlining the circumstances under which either party may terminate the agreement, such as breach of the terms, sale of the unit, or cancellation by written notice. 10. Governing Law and Venue: The license specifies that Wisconsin state laws govern the agreement and designates a specific venue for resolving any disputes that may arise. Different types of Wisconsin Boat Mooring Licenses between a Condominium Association and the Owner of a Unit — Dock or Slip Rental can include variations in terms, conditions, and specific rules set by the Condominium Association. Some licenses may have more detailed provisions regarding insurance requirements, visitor access, or limitations on overnight stays. It is crucial for both parties to carefully review and understand the terms before entering into such an agreement.A Wisconsin Boat Mooring License between a Condominium Association and the Owner of a Unit is a legal agreement that regulates the rental of docks or slips within a condominium complex for boat mooring purposes. This license outlines the specific rights, obligations, and responsibilities of both parties involved, ensuring a harmonious and organized arrangement for the use of these facilities. The agreement typically includes the following key terms and conditions: 1. Parties: The license identifies the Condominium Association as the licensor and the Owner of the Unit as the licensee. It should provide their legal names, contact information, and their roles in the agreement. 2. Description of the Unit: A detailed description of the specific dock or slip being rented, including its location within the complex and any unique identification details. 3. Term and Renewal: The agreement specifies the initial term of the license, typically one boating season, with an option to renew or extend if both parties agree. 4. Rental Fees: The license outlines the amount of rent payable by the licensee for the use of the dock or slip, including any additional charges for amenities such as water, electricity, or storage facilities. 5. Payment Terms: The agreement specifies the agreed-upon payment schedule, due dates, and acceptable methods of payment, such as checks or electronic transfers. 6. Use Restrictions: The license sets forth any restrictions on the licensee's use of the dock or slip, such as limitations on boat size, maintenance activities, or the number of boats allowed per slip. 7. Maintenance Responsibilities: The agreement specifies the responsibilities for maintenance and upkeep of the dock or slip, clearly outlining who is responsible for routine maintenance, repairs, and any necessary improvements. It may also mention the requirement for the licensee to obtain insurance coverage for their boat. 8. Indemnification and Liability: This section clarifies that the licensee assumes all responsibility for any damage or injury caused by their boat or actions while using the licensed dock or slip. It may also require the licensee to obtain liability insurance to protect both parties from potential claims. 9. Termination: The license includes provisions for termination, outlining the circumstances under which either party may terminate the agreement, such as breach of the terms, sale of the unit, or cancellation by written notice. 10. Governing Law and Venue: The license specifies that Wisconsin state laws govern the agreement and designates a specific venue for resolving any disputes that may arise. Different types of Wisconsin Boat Mooring Licenses between a Condominium Association and the Owner of a Unit — Dock or Slip Rental can include variations in terms, conditions, and specific rules set by the Condominium Association. Some licenses may have more detailed provisions regarding insurance requirements, visitor access, or limitations on overnight stays. It is crucial for both parties to carefully review and understand the terms before entering into such an agreement.
