Quick Question About Marinas

[rpmerrill]

Sorry folks. I don't know what happened to the original title.

The marina where I keep the boat has a rather interesting provision in the contract.

In summary they claim the exclusive right to be the listing agent should a boat go up for sale. Claiming a brokerage fee of at least 10%.

Is this a common provision?
Has anyone else come up against this?

 

[harry ames]

I've sold half dozen boats of high value over the decades. 3 in the last 10 years. I've never used a listing agent other than e-bay, and local papers, forums, craigs list, boat trader, etc. I've never placed a for sale sign on my boats in a marina or on the hard either.

So I think their "exclusive" deal is very easy to ignore. You find the buyer through all the free means of the internet, don't list with a broker, and you should be fine. The marina should be ashamed of themselves. Better for them to let tenants know that they do brokerage and convince you that they will do a good job if "YOU CHOOSE" to list with them.

 

[Scuba Too]

I've never seen this in a marina agreement and would be very unhappy to see such a thing. I suppose one work-around is to move to another marina when you plan to sell the boat.

 

[rpmerrill]

We may be boating for another couple years so that would be my plan when the time comes.

 

[Spinner]

I have not heard of that before!

I think I would vote with me feet, er, Boat, and move elsewhere!

 

[knotflying]

An agreement can always be amended prior to signing. If this bothers you ask them to delete it. If they won't and another marina is available that meets your needs, move on.