Sharing the cost . . .

Ken,
That sums it up nicely!
Hal a.k.a Peter

Ken Heaton wrote:

 > Comments below:
 >
 > "Alistair Thomson" <athomson RemoveThis @dsl.pipex.com> wrote in message
 > news:athomson-CB90DA.14541316042004@news.dial.pipex.com...
 >
  >>Despite the crap Hal1401 got from this NG when he asked about sharing a
  >>boat, I'll try.
  >>
  >>I'm immigrating from Scotland where everything, especially boats, is not
  >>cheap, and we often get into boat-sharing mode with about three or so
  >>co-owners. Does anything like this happen in Canada (Lake Ontario
  >>base)? How do I get in contact with someone willing to share in the
  >>purchase and running of something like a Hunter 37.5, about 10 years old?
 >
 >
 > I can answer the first question but not the second as I'm in Nova Scotia.
 >
 > It is not uncommon for people to share boat ownership in Canada. Usually
 > some sort of written partnership agreement is made up defining the
 > relationship so there aren't any misunderstandings about who get the boat
 > when, how much will be spent on maintenance each year (in case one partner
 > wants to race and but new sails every couple of years and the other doesn't,
 > etc.) and so on. Often it includes a clause that lets one partner buy out
 > the other if it becomes necessary. Usually that is structured so that if
 > one partner make a low offer to the other the second can reciprocate and buy
 > out the first for the low offer. It keeps thing on an even keel so to
 > speak.<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Sharing the cost . . . 

Alistair,
I used to programme an IBM 1401 back in the '60's and thought it to be a
nice enough handle! But then it may have been an attempt at humour or
someone is very afraid of computers! Such is life....
What part of Scotland are you from? I have visited a couple of times -
MOtherwell, Glasgow, Edinburgh, Kyles of Bute, Rothsay - some nice
golfing there.
Sharing a boat is not done a lot because of the problem of upgrades -
One person wants new sails the other doesn't, one person is messy and
the other is very tidy, what happens when the boat gets scratched and or
a sail gets blown out, one person wants to upgrade to spinnaker sailing,
etc., etc.,
I live in Whitby and an 18' boat costs $367.50 dockage for the season.
A 19' boat costs $722.- plus taxes. I own a Wayfarer 16 but would like
to share an Edel 540, Sandpiper 565 or similar boat. A Goman 20 sails
very well, PHRF of 231 vs. 318 for and Edel 540 or Sandpiper 565. Of
course the Goman 20 would cost $760.- plus taxes. Less can go wrong in
a small boat and if something does go wrong it is not as expensive as a
30 footer or so.
So far I have dad no one interested. Back to the Wayfarer 16 except I
am not as agile as I used to be so a small keelboat would be better.
Hal a.k.a. Peter

Alistair Thomson wrote:

 > Despite the crap Hal1401 got from this NG when he asked about sharing a
 > boat, I'll try.
 >
 > I'm immigrating from Scotland where everything, especially boats, is not
 > cheap, and we often get into boat-sharing mode with about three or so
 > co-owners. Does anything like this happen in Canada (Lake Ontario
 > base)? How do I get in contact with someone willing to share in the
 > purchase and running of something like a Hunter 37.5, about 10 years old?<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Sharing the cost . . . 

Alistair Thomson wrote:
 > Despite the crap Hal1401 got from this NG when he asked about sharing a
 > boat, I'll try.
 >
 > I'm immigrating from Scotland where everything, especially boats, is not
 > cheap, and we often get into boat-sharing mode with about three or so
 > co-owners. Does anything like this happen in Canada (Lake Ontario
 > base)? How do I get in contact with someone willing to share in the
 > purchase and running of something like a Hunter 37.5, about 10 years old?

The first question is where?

A detailled contract in plain language for useage, swaps, rental
options, maintenence, cleaning, inspections, deposits, penalties and
a decision making procedure capable of resolving tied votes will be
required.

Partnership or corporation is the first choise you will need to make.

It may be best to "simply" operate it as a rental business with pre
booked contracts, all arranged a year or two in advance and with
transferrable time shares. Some one will get stuck with the
administation burden, and might deserve compensation.

Is it any wonder these arrangements often fail and are not more common?

Good luck.

Terry K<!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Sharing the cost . . . 

With all due respect the crap here is nothing as compared to rec.boats lol
Cheers Safe Boating Michael
"Alistair Thomson" <athomson DeleteThis @dsl.pipex.com> wrote in message
news:athomson-CB90DA.14541316042004@news.dial.pipex.com...
 > Despite the crap Hal1401 got from this NG when he asked about sharing a
 > boat, I'll try.
 >
 ><!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Sharing the cost . . . 

Thanks to everyone for their thoughts. It's true that a good clean
tight and fully agreed contract is essential, and I don't think this
would be a problem with like-minded people. Would I be best to look in
sailing clubs for these types, or advertise? Wotcher fink?

@Hal aka Peter:

I never got my hands on a 1401 but i did program a Univac 1108 for a
while (not yesterday!). The Fortran compiler took a horrendous amount
of memory up - 48K - and I was always guilty at using all that memory
when I loaded it!

Alistair

In article <OBYfc.29438$2Z6.1201668@news20.bellglobal.com>,
"hal1401@netscape.net" <"hal1401@netscape.net"> wrote:

 > Ken,
 > That sums it up nicely!
 > Hal a.k.a Peter
 ><!-- ~MESSAGE_AFTER~ -->
 >> Stay informed about: Sharing the cost . . .