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dockominium |
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dockominium Condominium ownership of a boat slip or dock. The owner sometimes obtains a deed to the small parcel of land under the water and has the right to use the common elements consisting of the docks and perhaps some storage space,bathroom facilities,parking,and other such things.The concept is still relatively new and is meeting legal challenges from people claiming that it is inconsistent with doctrines of public trust and riparian rights.According to opponents, navigable waters are not subject to private ownership and,as a result,no one can sell condo-type rights in a boat slip upon the waters. (Before investing in a dockominium, it might be wise to check out the status of this emerging area of the law.) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Includes 40' dockominium on White Lake, 3 mi to Lake Michigan, 20 min North of Muskegon, MI. The Mega Yacht community is yearning for more yacht slips and Pier 17 Marina & Yacht Club will address their needs with a dockominium product," stated Harry C. |
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