1. Four partners, 1/4 each
Every boat has four partners. Each owns a 1/4 share. That's fractional boat ownership, and it's how you get into LA boating from $4,000.
2. Your name goes on the DMV title
All four partners are listed on the title, so you really own part of the boat. This is the biggest difference from a boat club.
3. A formal partnership agreement
The agreement is legally binding. It sets out how costs are shared, how days are scheduled, and how a partner sells their share.
4. 7 guaranteed days a month
Each partner gets 7 days every month that are exclusively theirs. Everyone books on a shared online calendar, so there's very little to argue about.
5. Costs split four ways
Monthly dues cover your quarter of the slip fee, bottom cleaning and insurance. A separate account covers repairs and maintenance. Want to see the costs side by side? Read what boat ownership costs in LA.
6. Sell your share when you want
When you're ready to leave, you can sell. We keep an interest list of waiting buyers and will help you resell. Shares are far easier to sell than a boat owned by one person.
What if something goes wrong?
What if a partner doesn't pay their share?
The partnership agreement covers how costs are shared and what happens if someone falls behind. Ask us for the agreement before you buy so you can read exactly how it works.
What if one partner wants out?
They can sell their share. We keep an interest list of waiting buyers and help with the resale.
Who maintains the boat?
Professional management is included, and a separate repairs and maintenance account is funded by the partners, so repairs don't surprise anyone.
Can I finance my share?
Financing is available on some boats. Ask us about the one you're looking at.