Cruisers Forum

Join CruisersForum Today

Thread Tools Rate Thread Display Modes
Old 05-10-2010, 14:37   #31
Registered User
bill good's Avatar

Join Date: Oct 2006
Location: Brisbane Australia
Boat: Crowther windspeed 36' cat Goldrush
Posts: 700
Look into the whole deal. Here in Australia you find after you obtain the "investment" you have only a sub-lease & as such if the marina goes belly up you ave nothing!!

bill good is offline   Reply With Quote
Old 06-10-2010, 04:34   #32
Marine Service Provider
Factor's Avatar

Join Date: Dec 2006
Location: Brisbane Australia
Boat: Corsair Dash MKII
Posts: 3,748
Actually you have a sub sub lease. The crown holds the head lease, the (in our case) Marina company of the yacht club, holds the sub lease and the berth "owner" holds the sub sub lease.

Its not all that uncommon, up until recently the house I owned in Canberra was actually built on land I didnt own, but was on a 99 year government lease.

If the MArina goes belly up you still own the sub sub lease, The head lease is still owned by the government so the sub lease can under the crown be revoked by default and reissued to another competent entity. At the end of the day the gummint can save your issue - if they so desire.

Of course we are talking about MSQ here so any preconceptions that sane and decent management will prevail are probably misplaced.

Factor is online now   Reply With Quote

Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Marina Slip Contracts Kefaa General Sailing Forum 7 11-04-2010 09:02
Slip Purchase in Santa Barbara Nikday Dollars & Cents 4 15-06-2009 19:41
Catamaran Slip at Marina Del Rey? Aiyo Liveaboard's Forum 0 22-03-2009 21:08
Looking to purchase a deeded boat slip in the Houston, Texas area jwaring1 Classifieds Archive 0 07-04-2008 15:23
Slip Waiting List & Boat Purchase mikepxx General Sailing Forum 13 23-01-2007 17:53

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -7. The time now is 15:04.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.
Social Knowledge Networks
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.

ShowCase vBulletin Plugins by Drive Thru Online, Inc.