Most residences at a building like Ocean Terrace are bought by more than one person. The form of co-ownership is chosen at contract and rarely discussed. Here it is, in plain words, for counsel to confirm.
This page is a framework. Whether the building suits you is a separate conversation. Contact the desk at Miami Dossier for the current position on any building we cover.
Tenants in common: each owner holds a share, which can be unequal, and each share passes by that owner’s will. Joint tenants with right of survivorship: equal shares, and the survivor takes the whole. Tenancy by the entirety: Florida’s form for married couples, with survivorship and protection from one spouse’s individual creditors. An entity: the family owns the company, the company owns the home, and the operating agreement decides everything else.
Ocean Terrace: ~52 boutique residences in a 20 story tower · ~24 resort residences, furnished by RAMSA · two duplex penthouses in each tower with private rooftops and lap pools.
The Ocean Terrace dossier holds the developer’s published record. Read it against the Kempinski Residences Miami Design District dossier for the nearest comparison.
Every person who will be on the deed signs the purchase agreement and the closing documents, or signs a power of attorney that the title company accepts in advance. A co-owner abroad signs remotely under the rules for documents executed outside the United States; plan the notarization weeks ahead, not days.
Ocean Terrace: The deposit schedule is held by the desk and read with you before contract.
A sale needs every owner’s signature. A death moves the share by the form chosen above, or through probate if the form does not avoid it. A disagreement between co-owners who are not married ends, in the worst case, in a partition action, which is why an agreement between the co-owners, written before closing, is counsel’s usual advice.
How should we take title together, and who has to be in the room or on a power of attorney at closing? Counsel chooses the form; the desk sets the signing logistics with the title company.
Decide how you own it before you own it.
Developer materials for Ocean Terrace as carried on the live dossier, verified 2026-09-19. Compiled by the desk at Miami Dossier; figures are approximate and the developer’s.
Contact the desk at Miami Dossier for the documents behind this note, read one to one with you and your advisers.
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We hold no listings and we are not the developer. Contact the desk at Miami Dossier and we will tell you what applies to your situation, what does not, and where we would not proceed. On this topic that means the document before the opinion. Where a question is legal, tax or structuring, we introduce you to advisers who handle that properly rather than answering it ourselves.
The Miami Dossier team works for the buyer, not the developer. Every agent on Samuel Strauch’s team represents buyers in Miami pre-construction.
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