On Tue, 15 Aug 2006 12:05:41 -0400, "Reginal P. Smithers III"
wrote:

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?
--
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***** Have a Spectacular Day! *****
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John


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

This really could make for some very very unpleasant family reunions.


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?

Luckily, the boat's not big enough for any family reunions. Only one family
can fit on it at a time.

If it doesn't work out, nothing will have been lost. If it does, there's a
lot to gain.
--
******************************************
***** Have a Spectacular Day! *****
******************************************

John