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How to work in detail in the Boat Slip Lease Agreement

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In todays video, were gonna discuss the different types of leases that you need to know for your real estate licensing exam. All right, so theres eight different types of leases that you need to know for your exam. So lets take a look at each one of them. All right, so lets start out with the Net Lease. Now the net lease is sometimes called a Triple Net Lease, because in a net lease, the tenant is going to pay a monthly or quarterly rent, or however the rent schedule is set up. Plus, there are three other items that theyre gonna pay in addition to the rent. And that is gonna be, theyll be responsible for maintenance, property taxes, and also, the property insurance. So theyre gonna pay those three items in addition to utilities as well. Net lease is sometimes called a Triple Net Lease, and again, you need to know that those are used interchangeably for the real estate licensing exam. The next one I wanna talk about is a Gross Lease. Now a gross lease is typically used in reside

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What is a slip on a boat?

A boat slip is more like a single parking space for your boat. They arent as open as boat docks are, but are easy to pull into, and theyre enclosed on three sides, so theres only one way in and out.

What are the details of a lease contract?

A lease is a contract outlining the terms under which one party agrees to rent an assetin this case, propertyowned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.

What does slip mean in nautical?

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.

Whats the difference between a berth and a slip?

When used as a noun, berth is defined as: An allocated space within a dock in which to moor a ship. When used as a verb, berth is defined as: To moor a ship to its allocated space within a dock. When used in reference to non-commercial, personal watercraft, a berth is also commonly referred to as a slip.

What is the difference between a dock and a slip?

The main difference between a boat slip and a boat dock is that a slip is only open on one end, while a dock is open on three sides. A boat goes into a slip and is surrounded by walkways on its bow, port, and starboard sides.

What is the difference between a slip and a marina?

Boat slips also include features such as cleats, bumpers and pilings to optimize docking and prevent damage to the boat. Furthermore, unlike marinas or dry storage facilities, a boat slip provides direct access to the water, making it easier for boat owners to launch and retrieve their vessels.

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.

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How to work in detail in the Boat Slip Lease Agreement