You beat me to it. But to the OP's question, it all depends on the person whom you're splitting it with (I assume you're asking about joint ownership and not physically splitting the boat). Even if it's a good friend, I would suggest writing down the agreed upon terms of the 'split' so that there's no misunderstanding down the road in terms of who's responsible for what (maintenance and repairs), who gets use of the boat when, where the boat will be stored, etc. You should factor in the sailing experience of the other individual as well -- if they damage something on the boat, who is responsible? What if they damage someone else's property? Will the boat be insured? Under whose name? If the other partner runs the engine without oil, hits another boat, runs hard aground, etc. -- who's responsible? Failing to address this all in advance could/will make it a bad experience and ruin not only the experience you have owning the boat, but also the friendship. If it's not with a friend or extended family member, I would suggest a more formal contract (with signatures).Lengthwise or side to side?
Your original question wasn't very clear. Is the hull/deck joint leaking? This sounds like it could fast become a 'high investment/low yield' project. Pictures would help.under the rub rail there is a seam where the top molded half and the bottom molded half are stapled together. I need to get to under the cockpit. The paint has flaked off due to water damage.