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How to strike point in the Boat Slip Lease Agreement

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hey guys this is Liz from DeRosa group here back with you this week to talk about the importance of lease signing and all the things that go into having an effective lease signing meeting with your new tenants I have Joshua here say hi Joshua how you guys doing Joshua is our property manager and I thought hes doing these every day with our tenants and our new tenants so I figured I would interview him asking a couple questions and then together were gonna actually go through line by line the things that we go through with tenants when were sitting down and doing a lease signing which is a very exciting thing in this real estate investing gain but we thought it was probably one of the biggest things up landlords dont they dont really properly prepare and then Ill properly do so we thought this would be a great topic to share with everyone here on BiggerPockets and so with that Im gonna ask my first question so Joshua youve done a lot of these lease signing meetings and you know

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Why are they called boat slips?

To better understand, a slip has one open end on a marina, which means the boat simply slips into ithence the name. Slips typically offer more protection to your vehicle, too, as they can reduce the bumps that usually happen when docking traditionally.

What is the slip of a boat?

In the simplest terms, a boat slip is a designated space or berth in a marina or harbor where boats can be docked or moored safely. It serves as a safe docking location for boats, allowing them to float in the water when not in use. Boat slips come in multiple sizes to accommodate different types and lengths of boats.

What is the difference between a boat slip and a boat dock?

The main difference between a dock and a boat slip is that a dock is open to the water on three sides, while a boat slip is only open on one. Docks are usually more affordable to rent space at or built at a waterfront house, while boat slips are more expensive and take up more space.

Is buying a boat slip a good investment?

Renting vs. Buying a Boat Slip: What to Consider If you are settled in an area and plan to stay long enough to make your investment worthwhile, buying a boat slip could be a great choice. Buying could allow you to build equity and your investment could increase in value.

Why do boats back into slips?

First of all, having your boat stern first in the slip allows easier boarding regardless of your docking situation and the power and water connections are at or near the transom, eliminating the hassle of draping the cables over the rail or along the side deck to the shorepower station.

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How to strike point in the Boat Slip Lease Agreement