Calypso has been co-owned for 15 years, and we (the co-owners) had a C&C 36 in a partnership for 7 years before that.
The partnership agreement is similar to a real estate limited partnership with a general partner (takes care of finances, insurance, taxes etc.) and a limited partner. We started at 50/50 with a mechanism to compensate (with ownership share) if one partner contribute more $$ over time. We have a partnership[p checking account with auto deposit of monthly contribution. Scheduling has rarely been an issue but we had a practice of alternating years for first pick of major holidays etc. Lately we have been setting up the race sched in January and discussing what other events/cruises may be interesting. Both our spouses are dis-inclined to go out with us for more than a day sail unless we line up extra crew to assist with the sail handling. We both race, splitting duties and sharing/discussion tactical decisions. Fortunately we have had similar ideas of budget and level of completion. We double-hand race from time to time and have been able to deal with "heat of the moment" race decisions without creating long term inter-personal issues. My best advice for boat partnerships is to pick a partner that is a good person first, good sailor second, ability to pay third, Next have a written separation agreement that makes it possible to un-wind the partnership when things change. Some separation clauses I have seen include the right of one partner to buy out the other before offering the share for sale, others with the ability of the remaining partner to veto a unsuitable new partner. Feel free to email questions on co-ownership experience if I did not cover your particular questions. Martin Calypso 1971 C&C 43 Seattle ________________________________ From: CnC-List [cnc-list-boun...@cnc-list.com] on behalf of Jimmy Kelly via CnC-List [cnc-list@cnc-list.com] Sent: Saturday, July 12, 2014 1:19 PM To: cnc-list@cnc-list.com Subject: Stus-List dual ownership? has any one tried shared ownership of sailboat? have owned & operated my cnc 41 for 40 years..am finding not using enough..but do not wish to sell her...younger co owners as well as us in 70s...could work something out..to mutual benefit....boat in good shape needs very little other than marina&insurance costs..would this be good way for younger couple to get into larger boat....any ideas are welcome...boat currently west coast ...
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