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Important: Navigating Boat Slips in the Standard Forms

From NCR Legal Q&A

QUESTION: It seems like boat slips are all over the forms now with the most recent changes. If I’m dealing with a boat slip, which contract form should I use and when? How do I list a boat slip by itself without other real property involved?

ANSWER: Title to a boat slip can be held in a myriad of ways, and depending on the circumstances, it may not be real property at all. In many transactions, there will not be one right way to structure a contract involving a boat slip. That said, below are several common scenarios you are likely to encounter and the forms you should use.

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