| If past due. |
Then… |
| 1 calendar month |
Prior to or in conjunction with the billing following an account becoming 1 calendar months Past Due (Month 2 Invoice), a letter is sent to the vessel owner stating that…
- the account is more than 30 days past due and an interest rate of 1.5%/month has been applied to the account balance as of the original due date and will continue to be applied until the balance is current, and
- if payment of an overdue balance has not been received before the account is 2 Calendar Months Past Due…
- the Marina slip lease rate will be changed from monthly to the Marina’s daily rate (Currently $1.25 per foot [vessel length] per day) plus electricity.
- lock access privileges will be suspended.
- if the account remains delinquent after 3 calendar months Past Due…
- automated gate access privileges (bar code) will be suspended.
- the account will be referred to a third-party collection agency in and the past due status reported to Credit reporting agencies.
- a Maritime Lien will be placed on the vessel.
|
| 2 calendar months |
Prior to or in conjunction with the billing following an account becoming 2 calendar months Past Due (Month 3 Invoice), a follow up letter is sent to the vessel owner stating that the account becomes more than 3 calendar months Past Due and…
- the Marina slip lease rate has been changed from monthly to the Marina’s daily rate (Currently $1.25 per foot [vessel length] per day) plus electricity.
- lock access privileges (entrance and egress) have been suspended and the owner may be compelled to remove his vessel and vacate the slip.
- if payment is still not received before the account becomes 3 calendar months Past Due past due…
- automated gate access privileges (bar code) will be suspended until the past due amount with finance charges is paid in full.
- the account will be referred to a third-party collection agency in and the past due status reported to Credit reporting agencies.
- a Maritime Lien may be placed on the vessel and the Owner’s Association will follow the Florida State Maritime Statutes and take all appropriate legal action which may include sale of the vessel.
|
| 3 calendar months |
(May be sent by the Association’s attorneys): Prior to or in conjunction with the next billing following an account becoming 4 calendar months Past Due (Month 5 Invoice), an additional letter is sent to the vessel owner stating that the account is more than 3 calendar months Past Due and…
- the Marina Slip Rental Fee will remain at the Daily Rate as long as the account remains delinquent.
- lock access privileges will continue to be suspended.
- the account has been/will be placed with a third-party collection agency.
- the Association may enforce a maritime lien against the vessel, her appurtenances and contents for all unpaid sums due for the slip lease and all costs of collection including court costs and attorney.
- if full payment is not received before the account is 5 calendar months Past Due, the Owner’s Association will follow the Florida State Maritime Statutes and take all appropriate legal action which may include sale of the vessel where permissible.
|
| 4 calendar months |
(May be sent by the Association’s attorneys)– If the account is more than 4 calendar months Past Due, a notice may be sent to the vessel owner detailing the immediate next steps and action taken at 120 days past due, if any. |
| 5 calendar months |
(May be sent by the Association’s attorneys) – If the account is still delinquent after 5 calendar months Past Due and 60 days past owner notification of intent to initiate Florida Statute 328.17, and such action is approved by the Board, the vessel owner will be notified that the Owner’s Association will follow Florida Statute 328.17 and take all appropriate legal action which may include sale of the vessel where permissible. |
