The boat slip cooperative offers you an unusual and amazing opportunity to join with other members to collectively own the property, make decisions together, and build equity through ownership while you enjoy years of boating!
Build equity while enjoying your Boat!
Want in? Call Scott: 941-882-5494 Ext 701
- FLYOVER VIDEO
- WHAT IS A BOAT SLIP COOPERATIVE?
- HOW THE BOAT SLIP CO-OP WORKS
- OWNERSHIP THROUGH SHARES
- EXCLUSIVE RIGHT TO A BOAT SLIP
- MEMBER RESPONSIBILITIES
- WHEN YOU'RE READY TO SELL
WHAT IS A BOAT SLIP CO-OP:
A real estate cooperative usually called a co-op, is a way for people to collectively own a property. Let's say there are 6 Members of the cooperative. Each member owns
1 share. Each share comes with the right to exclusively use one boat slip during the time that you remain a member. When you sell, you sell your share to a buyer who
then becomes a member with the same rights that you enjoyed during the time that you were part of the cooperative.
7034 Dolphin Drive, Englewood, Florida 34223 is an amazing location for boat slips because it is a short cruise to Stump Pass for Gulf access, there are
numerous restaurants with dockage as well as several hot spots on Beach Road by Englewood Beach.
A boat slip co-op is also a great opportunity to build equity instead of paying
rent to a Marina.
If you are looking to buy, sell, or have questions about Boat Slips, Docks, Waterfront Property, call Scott:
941-882-5494 Ext 701
HOW THE LEMON BAY BOAT SLIP CO-OP WORKS:
OWNERSHIP THROUGH SHARES:
When you buy into a real estate co-op (cooperative), you are purchasing shares in the co-op's corporation. The number of shares you own determines your stake in the co-op.
EXCLUSIVE RIGHT TO A BOAT SLIP:
In return for owning a share, you get the exclusive right to a boat slip, and you share the rest of the property ownership rights with the other members
MEMBER RESPONSIBILITIES:
Members will collectively decide how to handle decisions about the property like maintenance, repairs, finances, and setting rules and policies for the co-op.
Dolphin co-op is a relatively small project. The need for decisions are expected to be minor.
More information is available. Call Scott: 941-882-5494 Ext 701
WHEN YOU'RE READY TO SELL:
10 years from now or whenever you want to sell, you are selling your share in the cooperative. The buyer assumes your rights and responsibilities within the co-op.
If you install a lift, the lift is your personal property which you will add into your sale price. The lift will be defined in the transaction as personal property
that you are conveying to the new member.
Flyover Video: 7034 Dolphin Dr., Englewood, FL 34223:
Call Scott with questions.
Phone: 941-882-5494 Ext 701