Join Date: May 2001
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Sharing a boat
I''ve been in a boat partnership for the past five years and overall it has worked well. A few bits of advice for anyone considering one:
1) Take the time to write out a partnership agreement. It ensures that everybody is on board with regard to expectations and responsibilities. What one of the previous respondents said about leaving the boat in bristol condition is important to the partnership working well.
2) If you don''t have crew or don''t like sailing alone your partners can be good sailing buddies - so compatibility is important.
3) Make sure your desired uses are compatible, if one partner wants to take the boat cruising for six months and the others see it as a weekender, you''ve got problems. Talk about these issues before you join the partnership.
4) Make sure your partners are financially solid. In our partnership we agreed that we would all put up cash and that no one could put up their share of the boat as security on a loan.