Drafting Documentation for Dockominiums
Gurdon H. Buck
demand for boat slips, the boating industry went on a bubble of frantic searches for places to moor pleasure boats. Owners found that waiting lists were long and vacant slips were practiccall non-existent. Boats were being sold with slip rental rights for large premiums. To meet this demand, the developmmen industry began to build or convert existing marinas to “dockominiiums. As the name suggests, dockominiums are an adaptation of the land-based condominium. Through dockominium ownership, boat...