What is the name of your state (only U.S. law)? North Carolina
We own a slip on a N.C. Dockominium (condo) complex. We purchased this slip in 2006 at a pre-market purchase price. Currently, the marina of which this slip is a part, is up for sale. Four issues are on our mind:
1) The management of the marina / condo is 3 quarters behind in payment of rental monies for our slip rental. Our understanding is that this is so for numerous other slip owners.
2) Monies from rentals are now known to have gone to one fund from which they were used by management to cover other expenses, rather than being paid to slip owners (this was not divulged until funds became significantly in arrears).
3) Promises made by the sellers prior to purchase were never realized: electricity to the slip was not installed, finger piers were not installed
4) We purchased a 50 foot slip (immediately capable of holding a 50 ft. boat). This was confirmed by the selling agent, as well as, the plat map provided, showing the dimensions of the slip to be 50ft. x 18ft. We were informed six months ago that the slip could only accommodate a 30ft. boat and that it was the ground beneath the slip that measured 50ft. x 18ft.
Of note, slip owners also own a share of the facilities (common elements). However, the marina owners are the majority % owners of the condo’ed slips.
Any comments on these current issues?What is the name of your state (only U.S. law)?
We own a slip on a N.C. Dockominium (condo) complex. We purchased this slip in 2006 at a pre-market purchase price. Currently, the marina of which this slip is a part, is up for sale. Four issues are on our mind:
1) The management of the marina / condo is 3 quarters behind in payment of rental monies for our slip rental. Our understanding is that this is so for numerous other slip owners.
2) Monies from rentals are now known to have gone to one fund from which they were used by management to cover other expenses, rather than being paid to slip owners (this was not divulged until funds became significantly in arrears).
3) Promises made by the sellers prior to purchase were never realized: electricity to the slip was not installed, finger piers were not installed
4) We purchased a 50 foot slip (immediately capable of holding a 50 ft. boat). This was confirmed by the selling agent, as well as, the plat map provided, showing the dimensions of the slip to be 50ft. x 18ft. We were informed six months ago that the slip could only accommodate a 30ft. boat and that it was the ground beneath the slip that measured 50ft. x 18ft.
Of note, slip owners also own a share of the facilities (common elements). However, the marina owners are the majority % owners of the condo’ed slips.
Any comments on these current issues?What is the name of your state (only U.S. law)?