Definitions for dockominiumˌdɒk əˌmɪn i əm
This page provides all possible meanings and translations of the word dockominium
Random House Webster's College Dictionary
dock•o•min•i•umˌdɒk əˌmɪn i əm(n.)
a dock or boat slip bought and sold as real property.
Origin of dockominium:
A boat slip sold like a condominium, so that the owner has exclusive use of the slip and shared use of common areas of the marina.
A dockominium is the water-based version of a condominium; rather than owning an apartment in a building, one owns a boat slip on the water. The term is a portmanteau of "dock" and "condominium." In addition to the exclusive right to use the boat slip, ownership also provides one with the right to use the common elements of the marina, much the same as one would have the right to use the common areas in a residential condominium development. Also, unit owners may use, rent or sell their unit at any time, subject to association approval.
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