About the Marina

Who Operates the Marina?

A five member Board of Directors, elected by the unit owners, establishes the budget and sets the operating policies.  A Dockmaster, under contract with the Condominium Association, provides day-to-day services and is responsible for the general maintenance and repair of the facility.

What Are The Costs Related To Owning A Condominium Slip?

Each year, the Board prepares a budget for insuring, operating, and maintaining, the facility.  The budget also provides for a capital reserve fund dedicated to future expenses such as dredging, piling and dock replacement, and other major repairs and new projects.  Each condominium unit supports a proportional share of the budget through an assessment.  In addition, owners receive an annual real estate tax assessment directly from the County.  Other utilities, such as electricity, telephone, etc., are billed directly to the slip occupant. Although rare, if the marina experiences unusual expenses, the Board may elect to impose special assessments to cover these costs.

Is Financing Available For The Purchase Of Slips?

Yes.  Due to the impressive track record that condominium slips have experienced, many lending institutions have recognized their value and offer excellent financing plans. 

Are Slip Rentals Available?

Yes.  From time to time, life may take an owner away from the area, or recreational boating may no longer be a pastime they can enjoy.  Once having experienced the peace and quiet of our park like setting, however, they are often reluctant to move on entirely.  By retaining ownership and renting the unit to another boater, they enjoy the same benefits of ownership that they have in the past.  A visit to a place where they have enjoyed many hours of relaxation is often well worth the continuance of their investment.  In the event a rented slip is sold, the purchaser must honor any current lease agreement through its expiration date.

What Happens If I Get A Different Boat That Won't Fit In the Slip I Own?

Most boaters, from the day they purchase their boat, are already thinking about their next boat.  However, no boat can extend beyond the vertical plane determined by the confines of its slip, as these are legal lot lines recorded with Fairfax County.  The solution for an owner whose boat won’t fit may be to lease another, larger slip while in turn leasing out or selling the one they own. Boaters may even consider buying a larger slip initially, in preparation for that future, larger boat.  Conversely, many of our owners have elected to retain their existing boats, because they enjoy their “little piece of heaven” and a move to a larger boat would force them away from the slip they have owned and enjoyed for so long. 

Do You Expect Slips Will Increase In Market Price?

The future value of slips will be determined by supply and demand.  Across the nation, marinas offering slips for sale have reported increases in their values.    Each year manufacturers provide hundreds of thousands of new boats while, at the same time, new restrictions are placed on development of waterfront properties.  Recent legislation governing waterfront land has made building new marinas almost a thing of the past.  For obvious reasons, Fairfax Yacht Club cannot make any representations as to the future value of condominium slips, but we can assure prospective owners that they will share in a safe, secure club with an attractive harbor from which to enjoy their favorite pastime.

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Last modified: 03/18/10