On Tue, 15 Aug 2006 11:24:28 -0400, Harry Krause
wrote:

JohnH wrote:
I will soon be moving my boat down to the Rappahannock River to make it
available to my kids for their use. Right now the drive for them is much
too long. As part of the deal, we three families will share expenses for
storage, maintenance, and insurance. I will retain title to the boat.

I'd like to draw up an agreement of some sort for such a use of the boat.
Any ideas on what considerations I should include therein?
--
******************************************
***** Have a Spectacular Day! *****
******************************************

John


First, you need a slightly larger boat in better repair, with an
enclosed head.

Second, you are headed for disaster. Family members as boat partners is
a bad idea, especially for a guy like you who keeps his boat very clean.

Third, you need an agreement that stipulates sharing of expenses and
maybe even monthly payments into a special checking account for
maintenance, storage, and insurance.

Fourth, you need rules for keeping the boat clean and in good repair.

Man, that's a long drive from where you live. Two to three hours, no?

Thanks for the tips. No, I've been there before, it takes about an hour and
twenty minutes. Of course if 95 is a parking lot, it could take longer. I
don't see me going down there much on weekends, and on weekdays I'd just be
leaving at 5 AM instead of 6 AM.
--
******************************************
***** Have a Spectacular Day! *****
******************************************

John

"JohnH" wrote in message
...

On Tue, 15 Aug 2006 11:24:28 -0400, Harry Krause
wrote:

JohnH wrote:

I will soon be moving my boat down to the Rappahannock River to make it
available to my kids for their use. Right now the drive for them is much
too long. As part of the deal, we three families will share expenses for
storage, maintenance, and insurance. I will retain title to the boat.

I'd like to draw up an agreement of some sort for such a use of the
boat.
Any ideas on what considerations I should include therein?

John



Second, you are headed for disaster. Family members as boat partners is
a bad idea, especially for a guy like you who keeps his boat very clean.



I agree with Harry .... family or not, multiple people owning the same boat
is not good for relationships. (Ask me how I know).

I subscribe to the idea that a gift should be given with no strings attached
and no expectations as to the gift's future. I remember many, many years
ago (early 70's) I acquired a small, beat up 12 foot aluminum boat.
My father-in-law, being the pac-rat that he is, rummaged around in his
garage and came up with a 1950's vintage 5 hp Johnson outboard that was
literally a basket case. It was completely disassembled and the parts were
contained in three wooden boxes. I played with it for a while, then stored
the boxes of parts away. At some point in our many moves and housecleaning
the boxes got thrown in the dump.

23 years later my father-in-law said, "If you aren't going to use that
outboard I gave you, I'll take it back and see if I can get it running".

Eisboch

On Tue, 15 Aug 2006 12:25:23 -0400, "Eisboch" wrote:


"JohnH" wrote in message
.. .

On Tue, 15 Aug 2006 11:24:28 -0400, Harry Krause
wrote:

JohnH wrote:

I will soon be moving my boat down to the Rappahannock River to make it
available to my kids for their use. Right now the drive for them is much
too long. As part of the deal, we three families will share expenses for
storage, maintenance, and insurance. I will retain title to the boat.

I'd like to draw up an agreement of some sort for such a use of the
boat.
Any ideas on what considerations I should include therein?

John



Second, you are headed for disaster. Family members as boat partners is
a bad idea, especially for a guy like you who keeps his boat very clean.



I agree with Harry .... family or not, multiple people owning the same boat
is not good for relationships. (Ask me how I know).

I subscribe to the idea that a gift should be given with no strings attached
and no expectations as to the gift's future. I remember many, many years
ago (early 70's) I acquired a small, beat up 12 foot aluminum boat.
My father-in-law, being the pac-rat that he is, rummaged around in his
garage and came up with a 1950's vintage 5 hp Johnson outboard that was
literally a basket case. It was completely disassembled and the parts were
contained in three wooden boxes. I played with it for a while, then stored
the boxes of parts away. At some point in our many moves and housecleaning
the boxes got thrown in the dump.

23 years later my father-in-law said, "If you aren't going to use that
outboard I gave you, I'll take it back and see if I can get it running".

Eisboch



It's not a gift. I'll retain title. They can share the major expenses for
the use of the boat. Hell, they've offered to pay *all* the expenses if I
let them use the boat.
--
******************************************
***** Have a Spectacular Day! *****
******************************************

John