Yacht sharing in this context is the share in the capital ownership of the boat. Shares can be in any size or form but are typically quarters, thirds or halves. If the share agreement is correctly drawn up there should not be a problem in having unequal shares. It is usual that the owner of a share will contribute an equal proportion to their capital share of the annual and capital running costs of the boat, although other arrangements are not unusual where, perhaps, the usage is split in a way different from the ownership. We have an active and ever changing register of purchasers and a good selection of shares available for sale.
Shares are usually available in the UK, France, Spain, the Caribbean and the Greek Islands.
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 probably depends upon the personal compatibility of the various owners and their mutual respect for each other and the care of the boat. Wherever possible we try to group partners who have differing time requirments 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 a partnership with a mix of serious racing and non racing partners.