SailNet Community - View Single Post - Live aboard at a yacht club
View Single Post
Old 01-12-2011
hellosailor's Avatar
hellosailor hellosailor is offline
Senior Member
Join Date: Apr 2006
Posts: 10,900
Thanks: 2
Thanked 103 Times in 100 Posts
Rep Power: 10
hellosailor has a spectacular aura about hellosailor has a spectacular aura about
"co-op marinas"
Never heard of it. Dock-o-miniums are common though. You own the bottomland under your slip, and sometimes your slip itself, and the "condominium association" owns and maintains the common property, i.e. the main docks, parking lot, buildings and other stuff.
Sometimes the ownership is outright, sometimes it is a 99-year lease...and like any other group ownership scheme, you really need to look at the complete financials for the whole group before you buy in.
Reply With Quote Share with Facebook