26. Fees and Fines

General Fines. In the event no specific penalty is set forth in the section for Specific Fines below, the Managing Agent is authorized to impose the following fines for any founded violation of the Administrators Rules:

• 1st violation: $25
• 2nd violation: $100
• 3rd and subsequent violations: $250.

Specific Fines. For a founded violation of the specific Administrators Rules set forth below, the Managing Agent is authorized to impose the following fines and penalties:

Trash Violations

• Misuse of Common Area trash receptacles: $50 per incident plus removal costs for leaving excess trash without authorization or otherwise misusing the trash receptacles.
• Any violation of the commercial trash rules: $100 per occurrence.

Noise Violations

• 1st violation: $0
• 2nd violation: $25
• 3rd violation: $100
• 4th and subsequent violations: $250

Pool Rules

• 1st violation: $0
• 2nd violation: $25
• 3rd violation: $100
• 4th violation: $250
• 5th violation: $500; loss of privilege for specified term and for specified persons

Animal Welfare & Control Violations

• 1st violation: $0
• 2nd violation: $25
• 3rd violation: $50
• 4th and subsequent violations: $250

Security Alarms Violations (False Alarms)

• 1st, 2nd and 3rd violations: $0
• 4th Violation: $50
• 5th Violation: $100
• 6th and subsequent violations: $250

Failure to Provide Contact Information for Commercial Tenants

• Day 1 - 6 $0
• Day 7 and beyond $25 per day until compliant

Failure to Register Occupants

• Day 1 $0
• Day 2 and beyond $25 per day until compliant

26B. Fees.

The Managing Agent is authorized to impose the fees set forth below:

Trash Removal

When an Owner makes advance arrangements for excess trash removal with the Managing Agent, the Managing Agent may charge the Owner an excess trash removal fee equal to the cost of the extra pickup plus an additional 10% for the extra administrative cost. When an Owner fails to make advance arrangements for excess trash removal, the cost of removal may be added to any fine or penalty imposed, or it may be charged if no fine or penalty is imposed.

Removal of Vehicles and Electric Vehicles

When the Managing Agent finds it necessary to move or remove a vehicle, the Managing Agent may charge the Owner the reasonable cost plus an additional 10% for the extra administrative cost.

Assessments and Payments

When an Owner fails to pay any assessment or other amount due in a timely manner (monthly assessments are due by the 20th day of the month), the Managing Agent must take the following steps:

• In addition to interest and other penalties authorized by the Loreto Bay Master Condominium Rules and Regulations, a late payment fee of $50 will be assessed when the account becomes delinquent. An additional $50 will be assessed for each subsequent payment that is not made on time.
• Email reminders of the delinquency must be sent to the Owner when the account becomes delinquent, and follow-up reminders must be sent again approximately thirty and sixty days after the first reminder if the account has not been brought current.
• After ninety days, the Managing Agent may cause a notice of possible legal action to be sent to the Owner by a lawyer, and the Owner will be charged $100.
• If special circumstances cause the Owner to be delinquent in making timely payments, the Administrators may waive some or all of the late fees and penalties.

Special Events

The Managing Agent will determine the fees, if any, for all special events held on Common Areas, which must be related to actual costs and similar to charges at other locations in the community for similar events.

Review of Documents

The Managing Agent may charge $10 plus $0.10 per page for producing copies of documents requested, plus mailing costs, if any.

Real Estate Transfers and Sales

A Transfer Fee of $250 must be paid to Master Condominium by the purchaser at closing to cover the cost of providing required documents; however, if all required documents are requested by a buyer prior to closing, they must be provided at that time upon payment of the sum of $250, which will not be refundable in the event closing does not occur and which will be credited as paid at closing if closing does occur. A current Owner of property within the Master Condominium who documents prior payment of a $250 transfer fee at the time of the acquisition of that property will pay a reduced fee of $100 per property when acquiring subsequent properties.