| If past due… |
Then… |
| 10 days |
Slip Fees, LSA and Utility charges shall be subject to interest penalties of 1.5% per month (an annualized rate of 18%) from the Due Date once the account becomes Past Due. |
| 1 Calendar Months |
- the Monthly Rate converted to Daily Rate for Monthly slip renters.
- suspension of lock access.
- suspension of automated gate access.
|
| 2 Calendar Months |
- place with 3rd party collection.
- the Association will require vessel to be removed by owner with settlement of account.
- a Maritime Lien may be placed on the vessel and the Owners’ Association will follow the Florida State Maritime Statutes and take all appropriate legal action which may include sale of the vessel.
|
| 4 Calendar Months |
(60 days past owner notification of intent to initiate Florida Statute 328.17) – Option to initiate Florida Statute 328.17 including sale of vessel |