About Yacht SharingScroll for more
Yacht sharing also known as Fractional Yacht Ownership is fast becoming recognised as the smartest way both financially and psychologically to own a yacht. The majority of people wishing to share a yacht are interested in an easily managed family cruiser at a realistic budget with shared running costs.
This type of ownership should not be confused with “Time share”. The yachts we sell are jointly owned by the various owners, and managed by the owners without any outside interference from a management company, as you get with time-share.
The advantages of yacht sharing …..
- Larger and/or newer boats for a relatively low investment.
- Allows smaller budget purchasers to get afloat.
- Makes the ever rising costs of moorings and marinas affordable.
- Prevents the boat being under-utilised.
- Can allow the ownership of a variety of boats in different areas.
- More extensive cruising with between-holiday changeovers at remote locations.
- New capital equipment purchases for the boat become affordable allowing better equipment and often a safer boat.
- Can allow professional maintenance to be used at a price which is comfortable, allowing the busier owner more freedom.
- Removes owners “guilt” – all those boats in their marina berths just bobbing around.
- Shared experiences with other owners.
Many share owners find that they sail more when they own a share than when they own the whole boat, as the sailing weeks are allocated.
Yacht Shares can be a variety of sizes, but are typically quarters, thirds or halves in the UK, and quarters or fifths overseas. Sailing weeks are allocated on share size, and length of the season. Typically in Greece the season is 26 weeks, whereas in Spain it’s potentially all year-round.
If the share agreement is correctly drawn up there should not be a problem in having unequal shares.
New Share Group – In the case of both the formation of a new group, and the first division of a yacht, we will supply a share agreement and will work with the existing and new owners to adapt this to a useful document for their group.
The success of a group largely depends upon the compatibility of the various owners, and their mutual respect for each other, and the care of the boat. It is not important to be best of friends – good business colleagues is the best type of relationship.
Wherever possible we try to group owners who have differing time requirements for the boat and who have similar desires from the boat. We do not usually involve ourselves in racing syndicates as we have no experience of the demands and costs associated with serious racing. We would not usually recommend joint ownership with a mix of serious racing and non-racing owners.