Lake marina commercial slip ownership agreement

Commercial slip ownership at marinas functions like condominium law on water. Agreements specify moorage rights, maintenance fees, and use restrictions, often tied to both local ordinances and state navigational rights. Contracts may prohibit long-term liveaboards, restrict subleasing to third parties, and impose environmental compliance obligations. Buyers should ensure agreements address riparian access rights and liability allocation for dock damage. Without clear ownership terms, slip holders face conflicts that can escalate into costly litigation over shared water space.