Requirements for new tenants (as of 18 April 2024)
The Cocoplum Yacht Club (CPYC) requires applicants to submit to the administration office the following items, at least three weeks prior to the scheduled closing date
1. CPYC Membership Application Form – please fully execute the application form. Please click here to download the form as a PDF.
2.New Member Initiation fee (Non-Refundable) – make the check payable to “Cocoplum Yacht Club” for the amount which applies to this transaction. $30,000 for each slip purchased. The Initiation Fee for each slip rented is $3,000. Please note: If a renter is asked by a buyer to vacate their slip, they will not be charged for transferring. If the renter elects to change slip voluntarily, they must pay the $3,000 fee for new slip.
3. Copy of the fully executed sales contract. The contract must be under the name of the person(s) of entity that is to be named on the membership approval documents.
4. Estopple Certificate. Current unit owner shall request in writing an Estopple certificate and submit the fee of $150.00 & certificate of termination of right of refusal fee $50 payable to Cocoplum Yacht Club.
5. CPYC Yacht Slip Agreement (Tenants) – The contract must be under the name of the person(s) of entity that is to be named on the membership approval documents.
6. Corporations – The following documents must be submitted with application:
- Articles of Incorporation
- All Powers of Attorney
- Certificate of Incumbency
- Certificate of Good Standing
- Signed and Notarized Corporation Affidavit
7. Bank Letters of Reference – Submit two letters which verify applicant’s account. Letters must be signed by an officer of the bank and notarized.
8. Personal Letters of Reference – Submit three letters from persons who know applicant for five years or longer that have no family or business partnership. Please include the date of the letter, address and phone numbers of personal reference. Each letter must be notarized.
9. Security Access Form.
10. Key Card Request Form.
11. Certificate of Insurance – Owners and tenants must maintain liability insurance in the amount of $1,000,000 naming Cocoplum Yacht Club as additional insured.
12. Copy of vessel registration or documentation.
NOTE:
The CPYC maintenance assessments are $1,300 per quarter. Tenants maintenance and operational fees are $100 per month. These fees include maintenance costs, upgrades, and improvements to our facilities to ensure the best possible experience for all members and tenants alike. A one-time annual charge of $100 will be added to your fourth quarter bill (members and tenants). The one-time annual charge of $100 will be divided amongst the CYC staff for Holiday Bonus. The association requires a copy of the Warranty Deed upon recording. Please contact the CPYC if you have any questions or require additional information. Please note: As the owner, you acknowledge and agree that you will be held responsible for any fees owed to Cocoplum Yacht Club by your tenant, including but not limited to maintenance & operational fees, ice sales, and any penalties incurred during the tenancy period. This responsibility remains irrespective of any agreements between you and your tenant. You agree to settle any outstanding amounts promptly upon notification by Cocoplum Yacht Club.
Information:
Office: 305.663.1353
Fax: 305.661.4080
Email: anabella@cocoplumyachtclub.com