A condominium slip is similar to an apartment condominium in that the owner receives a fee simple deed that is insurable and recorded in county land records and carries with it exclusive rights to use the slip. Further, the owner receives an undivided interest in the entire property or common elements such as the pier, swimming pool, picnic area, parking lot.

More than half the slips are owned by individuals who make them available for rent. Renters and owners that occupy slips have the same usage privileges of the marina facilities.

In the event a slip is sold, the seller must honor any existing rental agreements. Upon expiration of a rental period, the renter can make arrangements with another owner to rent an available slip.

Advantages of a Condominium Marina

The past several years have seen rapidly rising rental rates due to increase demand on the Chesapeake. Owning your own slip locks in yearly slip expenditures and ensures you will have a slip in the future. Also, owning your slip allows you to provide input into the marina environment and create the atmosphere you want from your boat's home.

Marina Operations

The marina is operated by 6 member Board of Directors elected by slip owners who establish a budget and marina operating policy.