YachtQuarters Shared Ownership Programme
The concept of shared ownership was created to offer a high-value targeted alternative to outright ownership of expensive capital goods – be it jets, properties, yachts etc. It works by enabling owners to share the acquisition and running costs of the yacht by ensuring that you only pay for the share of the yacht you enjoy – measured in actual time spent onboard.
Chartering out your yacht isn’t quite as straightforward as it might seem. Chartering involves the commercial registration of your yacht, which comes with much stricter rules and regulations, VAT implications and management responsibilities, among other obligations. It is also worth considering that in order to gain a contribution to running costs, you may have to forgo your own usage of the yacht to accommodate your clients’ dates.
It’s very cost effective. Calculated as cost per week, the price of shared ownership is approximately 60% of the price of chartering a similar yacht in the Balearic Islands.
Of course. We operate with full transparency so you can follow the actual expenditure on a yearly basis.
No, YachtQuarters takes on the job of hiring and managing the crew, who are in charge of the daily operation of the yacht. You will always have permanent crew members – the Captain and a combined Chef/Stew/Deckhand – depending on the size of the yacht.
The primary cruising area will be The Balearic Islands with the stunning sights of Mallorca, Ibiza, Menorca and Formentera at your fingers tips. The secondary cruising area is the West Mediterranean, cruising from the beautiful waters of the French Riviera to the breath-taking the Italian Riviera if you so desire.
You may or may not know the other owners, so to make it simpler you will have a designated yacht manager who is the focal point for all owner communication. This takes the pressure off owners to communicate between each other.
YachtQuarters shared ownership enables owners to conveniently and cost-effectively share all the acquisition and operational costs of the yacht. Any additional costs will be down to your own personal consumables.
All owners are obliged to stay in the programme for a minimum of two years after entry. After this period of time, individual owners have the ability to opt-out and sell their share of the yacht, which is a liquid asset.
Yes. The yacht is covered by comprehensive insurances.
An eighth share in the programme entitles you to a total of 5 weeks per year on board the yacht, 4 weeks cruising and 1 week hotel use. All booking requests must go through your yacht manager, who will organise and manage the yacht calendar.
If you find that you require more weeks on board per year, you can purchase another share to gain more access to the yacht. The lowest share available is an eighth, so you have the option to purchase a quarter for 10 weeks on board or a half for 20 weeks on board. The programme is flexible and transparent, to suit your needs and your lifestyle.
Smaller damages by an owner or his/her guests will be covered by that particular owner. Any more extensive damage is either covered by comprehensive insurance, or the owner responsible.
The purchase of the yacht share is calculated and paid for in sterling, but contributions to the operation are charged in euros.
The yacht is skippered by a professional captain, approved by the insurer. Under the skipper’s supervision, owners may pilot the yacht should they wish. For those who like a challenge and wish to gain more understanding, YachtQuarters will advise on the maritime qualifications some owners may wish to attain.
Yes. The program includes various provisions for shareholder protection upon registration of interest.
We expect the YachtQuarters program to include the ownership of larger yachts in the near future. For owners, who prefer to have more space onboard, cruise further afield, or have a larger crew living more discreetly onboard, we can offer the ownership of larger yachts, for example a Princess Y78, Y85 or the stunning Princess X95.
Yes. If you are already sharing a yacht, or you have an existing syndicate or group of potential owners who would like to share, we can offer a bespoke management solution to help manage the process more effectively. We can provide the legal pack, legal ownership structure, ownership agreements, or the complete yacht management service, including crew, provisionning, etc. You choose which aspects of the service you need and we will provide a proposal according to your specific needs.
You can start the process of purchasing a share in your yacht by filling in the form below
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