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Cabin Cruiser (Power Boat) Timeshare-Ownership

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  I am interested to own a good quality Cabin Cruiser Power Boat, but since I don't foresee using it more than 2 months in terms of absolute time a year, I am considering timeshare-cum-ownership partners, preferably 1 more partner at most. Flexible arrangements, all possible terms very well defined up front. Approx 3-4 years total commitment, after which will relinquish my share or sell the Cruiser.  Why partnership? (timeshare-cum-ownership) Split the costs, maintenance, insurance, marina costs, labour, cleaning, repairs, divide and conquer,  depreciation, etc. Expect to resell the boat at almost 80-90% of purchase price, so you may end up paying overall not more than $5000 in depreciation for 3-4 years. What about personal independence? Everyone says it won't work. This will be likely TOP OF YOUR MIND. I have thought about this a lot and written a full post on this here .  The terms are clear, consider almost every eventuality, are fair, transparent and must be agr...
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Terms and Conditions for Cabin Cruiser Timeshare

 This is a work in progress. But here is a rough draft. What happens when a partner wants out or relinquish his share in the timeshare before the end of term? (to be outlined and finalized) What happens when a partner won't contribute to Marina costs, maintenance costs, and other shared costs? (to be outlined and finalized) What happens when a partner damages the boat? (to be outlined and finalized) What happens when a partner has scheduling conflicts with another and there is disagreement about the timeshare calendar? (to be outlined and finalized) What happens when a partner disappears with the boat? (to be outlined and finalized) What happens when a partner won't clean the boat and leave it behind as he found it? (to be outlined and finalized) What happens when a partner's actions increase the insurance costs? (to be outlined and finalized) What happens when a partner is caught drinking and boating and the boat impounded by police/coast guard? (to be outlined and finaliz...
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