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What is the difference between a boat slip and boat slip right?

April 26, 2017boat car dealer car dealership right slip

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What is the difference between a boat slip and boat slip right?

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A boat slip is a physical structure located on Lake Arrowhead for the mooring of a boat. There is a numerical designation. A boat slip right is the right to purchase a new boat slip and have it placed on the Lake in a predetermined site when the property is improved. A membership fee is applicable for both a boat slip and/or boat slip right.