Delawaredave5
Full time employment: Posting here.
- Joined
- Dec 22, 2004
- Messages
- 699
Anybody have experience in "fractional ownership" for boats ?
Believe these arrangements have been used for years by groups of people to buy private planes, etc.
Ideally I'd like to get a "fractional ownership arrangement" with 3 other folks for a houseboat. Having 25% of the year to access is more than I'd need - and the ability to share costs is appealing.
If anybody has any "sample agreements" for this, I'd be interested. I've researched on Google - didn't find much.
Obviously a lot would need to be "spelled out" - access, repairs, upgrades, decisions, insurance, liability, and ability to exit/unwind.
Thanks !
Believe these arrangements have been used for years by groups of people to buy private planes, etc.
Ideally I'd like to get a "fractional ownership arrangement" with 3 other folks for a houseboat. Having 25% of the year to access is more than I'd need - and the ability to share costs is appealing.
If anybody has any "sample agreements" for this, I'd be interested. I've researched on Google - didn't find much.
Obviously a lot would need to be "spelled out" - access, repairs, upgrades, decisions, insurance, liability, and ability to exit/unwind.
Thanks !