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Fractional Yacht Ownership : Everything you Need to Know

Fractional yacht ownership is one of the way to own a yacht that might suit your needs.

For most people, owning a luxury yacht means the freedom to move whenever and wherever they want with maximum comfort. However, it is rare to be able to use it 100% of the time. There are options to counteract the time the boat is not is used, and one of the most profitable and comfortable is fractional ownership.

Shared yacht ownership may be for you. But do you know exactly what it means and entails?

Let’s review the pros and cons of this ownership method to assess whether this can suit you, or whether you should continue chartering yachts or owning one fully .

What is fractional yacht ownership?

Fractional boat ownership is exactly what it sounds like. It allows you to own a part of a yacht for usage time on board. You legally own a piece of it as an asset, and like a company share or a bond, you can sell or transfer it. 

People have been sharing boats through informal partnerships with friends or family members for eons. Fractional boat ownership is simply a formalization of these arrangements which offers you more legal protection in case of conflicts. 

Each owner pays an equity stake in the vessel depending on what percentage of the purchase they want. 

In return, each owner is allotted a set number of days they are allowed to use the boat each year proportionally to their investment. 

On top of the share, the owners have to pay an annual maintenance fee to the management company taking care of managing the calendar, crew, and maintenance of the boat throughout the year.

Fractional boat ownership is different from a time-share which only gives you the rights of property used for a certain amount of time. Once your time is over, your investment also is.

To help you to decide if fractional yacht ownership is right for you, here are the pros and cons you might consider.

The Pros of fractional yacht ownership

By sharing the purchase price, but also the operating and maintenance costs between the owners, fractional boat ownership lightens your investment considerably, allowing you to make serious savings. Financially, but not only.

Fractional boat ownership will also help you to save time on managing different aspects. Indeed, the management company will take care of it – from hiring a crew to coordinating maintenance, to managing the calendar among all owners, to deal with marinas. If you don’t use the yacht, the management company will help you to charter it.

When you use your time aboard, you are free to invite anyone you want. This kind of program is often located in an area, but with the majority of other owner’s agreements, you can cruise the boat in new locations.

If you no longer wish to own a fraction of the yacht, most fractional ownership agreements allow you to easily sell your fractional shares to someone else. Since this kind of program keeps the yachts well-maintained, the value of your share will not devalue so quickly and you’ll be able to more easily change boats than with full ownership.

Furthermore, some fractional ownership organizations maintain fleets that allow you to use a different yacht, enjoy another location, or make up for time lost because of weather or maintenance issues. 

The Cons of fractional yacht ownership

The main drawback of fractional yacht ownership is obviously that you have to share your boat with other owners

Some downsides include that even if you own a part of the yacht, you can’t do whatever you want with it. For example, You can’t personalize a fractionally owned yacht. In fact, you probably won’t have a say on the outfitting or the decoration at all.

You don’t have a lot of flexibility either to use your yacht whenever you want. The yacht isn’t at your disposal all the time and itineraries are planned in a way that you choose your slot in advance. Your last-minute getaways are therefore compromised. 

It also means that the boat might not be available for the particular dates you would like to use it. Read properly the agreement, as some of them allow first come – first served during the unscheduled time if no maintenance is required.

When it comes to moving the yacht, most of the owners have to agree on the destination, so you can be stuck with one area, which can be an issue if you are planning on moving a lot. To relocate your yacht for an extended period of time, you will usually need every owner’s approval. 

On the other hand, most owners may decide to move the boat to an area you don’t particularly like. If you were to charter a boat, you would simply pay a moving fee, but in this case, you are stuck!

Depending on the contract, it is possible that if the majority of the owners want to sell the ship, it can get sold out from under you. So read it carefully!

In fact, the main disadvantage of fractional yacht ownership lies in its name: you only own a portion of the yacht, which means you are not in full control of your property.

Is Fractional yacht ownership for you?

To know  if fractional boat ownership is for you or not, answer these different questions:

• Is it important for you to be in total control of your yacht?
• Do you have time and funds to deal with your yacht’s maintenance costs?
• Are you planning to sail in one area or to explore the world?
• Is having a customized yacht important to you?
• Are you flexible on dates?

Depending on your answers, fractional yacht ownership can be, or not a good option for you.  If you want to save on costs, if you are likely to use it several times throughout the year in one particular region, if you know which boat you want or if you want to invest in a yacht to charter it, then go for shared boat ownership.

For people who don’t want to deal with the hassles of single-ownership, it is also a solution to consider.

On the other hand, people who like changes, whether it’s to try out numerous yachts or to change regions often, are better off sticking with yacht chartering.

For those who don’t want to share and can’t stand the idea of being a co-owner, buying your boat is likely your best option if you can afford it. 

Keep in mind that most fractional yacht ownership programs concern large yachts, like superyachts and mega yachts which require crew. If you enjoy captaining your boat and your friends and family enjoy being the crew, you may lose that aspect of yachting in some way.

The costs of Fractional yacht ownership

You pay your share at the beginning to purchase your portion of the yacht. 

There are no traditional yacht ownership expenses in fractional ownership programs like dockage, moorings, insurance, or boat maintenance costs. But depending on the program you go for, either you will have to pay a certain amount every year to the management company or it will be covered by the charter revenues or a mix of both.

As an example, for a 63-foot yacht with four cabins, some programs offer the cost of the eighth share in the Mediterranean around $180,000 with annual costs for maintenance, crew, insurance, and anchorage around $24,000. Owners will be able to use the boat 4 weeks a year. Another management company offers a California program from $300,000 to $735,000 plus operating costs for quarter shares of vessels ranging from 52 to 82 feet. At this price, the four owners will each be able to use the boat 72 days a year.

The main regions in the world for fractional yacht ownership

Fractional yacht ownership can be done everywhere. 

Popular destinations include Europe, in particular, the Mediterranean and the Caribbean, especially the Bahamas.

Among the main regions in the US for fractional boat ownership, you have Miami and Fort Lauderdale, but also Cape Cod and Nantucket.

Some programs also offer Asian destinations mostly in Hong Kong, Thailand, and the rest of South-East Asia.

Read also : Sustainable Yachting: How is the Boat Industry Becoming more Eco-Friendly?

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Were you thinking about Fractional Yacht Ownership? Our professionals will be happy to help you in your endeavors.

Fractional yacht ownership means that you legally own a portion of a yacht, along with co-owners. Therefore you are entitled to use the yacht based on your ownership agreement and must share revenues and costs with other owners.

It depends on your desires and your personality. If you like changes, try out a different yacht model every year and change frequently of destination, then go for yacht chartering. If, on the contrary, you have a crush on a yacht, want to start owning it at a lower cost, and avoid the management requirements, fractional boat ownership is ideal. Unlike chartering, fractional ownership means you can invite as many guests as deemed safe and as long as you have proper safety equipment on board.

The costs include the purchase price of your ownership share and yearly exploitation and maintenance fees to pay to your management company.

Hard to tell. This depends on your availability if you have time or not to take care of your boat, and your budget. If you don’t want to worry about the management aspects and only have a small budget to invest, go for fractional ownership. If you want to have perfect freedom, use your boat anytime and wherever you want, go for full ownership.

Yes, you can. As long as the share belongs to you, you can sell it whenever you want as long as the agreement doesn’t stipulate anything against it. Be aware that the other owners can also do so.

The most popular regions for fractional ownership are the Mediterranean and the Caribbean. But also, the US and some Asian areas.

You can buy a fraction, or a share, of a yacht. You will be the co-owner, or the fractional owner of the yacht and its cost will be spread among all owners.

Yes, fractional ownership and yacht sharing or even co-ownership are all synonyms. You still become the co-owner of a yacht regardless of how you decide to call it.

A yacht sharing program allows you to co-own a yacht, so that you spread its maintenance cost among all owners. It is also known as fractional ownership or co-ownership programs.

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If you love sailing, but struggle with the idea of the boat sitting at the dock week after week , this program is for you. If you find yourself coming to the boat to finally get away, and being stuck working on the boat instead of sailing it and playing with friends and family, this program is for you. Reservation flexibility and a top notch maintenance program reduce your stress and maximize your fun!

Shared Ownership

As a fractional owner, you can sail a newer, larger and better equipped catamaran at a much lower overall cost than individually purchasing a boat yourself.

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Participating in the Sail Exchange Program allows you to trade days on your boat with other catamaran owners in any location where we have participating boats.

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If you own more time on your catamaran than you need, you can offset more of your ownership costs by partnering with the charter operations of West Coast Multihulls.

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If you want to sail your own catamaran for 4-8 weeks per year, while minimizing expenses and ownership costs, there is no better way to make this happen. Inquire Today! »

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Enjoy Unforgettable Vacations With Fractional Yacht Ownership

Incredible adventures await with our yacht timeshare program, monocle's fractional program is reshaping the yachting world, affordable yacht ownership is a smart lifestyle investment, experience unparalleled value with monocle yachts, yachting is the ultimate luxury vacation – monocle’s fractional yacht ownership program is unparalleled.

Industry-Leader Monocle is Transforming the World of Yachting through Fractional Ownership. Making Yachting Highly Affordable & Saving Owners Millions.

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Cruise the Mediterranean this summer on your own private yacht for less than a charter cost. Why risk your family’s health traveling with thousands of strangers when now is the perfect time to safely cruise on a private yacht at a fraction of the cost. Monocle Fractional Yachts invites you to a one-week trial cruise with your own private crew ensuring an amazing, relaxing and safe vacation. Don’t miss out, call us today! 954-563-5808

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Your yachting vacation is not just about seeing new horizons, vistas, landscapes and seascapes. It is about witnessing glorious sunrises, magnificent sunsets and conversing happily over dinner under the stars with loved ones aboard your own private yacht. With no intrusions from the outside world, you and your family can reconnect enjoying fun filled days swimming, snorkeling and jet skiing in a secluded bay. You can explore beaches or immerse yourself in the local lifestyle creating a family vacation filled with unforgettable moments and a lifetime of loving memories. Monocle’s Fractional yacht program affords you the incredible opportunity to share precious private time with your family and friends in the most luxurious and enchanting settings.

Monocle is headquartered in Fort Lauderdale, Florida; however, our program is global.  The most popular destinations for our fractional yacht program are the Bahamas, Caribbean, the Mediterranean & the American northeast in areas such as Maine, Cape Cod & Nantucket.

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• February 17, 2024

Fractional Yacht Ownership: Everything You Need to Know

Thinking about getting into yachting but worried about the cost and hassle? There’s an option you might not have considered: fractional yacht ownership. This guide will explain what it is, how it works, and why it could be a great choice for you.

What is Fractional Yacht Ownership?

Fractional yacht ownership means you share the cost and access to a yacht with other people. Instead of buying a whole yacht by yourself (which can be pretty expensive and a lot to look after), you own a part of it. It’s like owning a slice of the pie. You get to enjoy the yacht for certain times of the year without dealing with all the headaches of full ownership.

• Saves Money : Sharing the costs means you spend less money but still get the luxury experience.
• Less Work for You : There’s a company that takes care of maintenance and everything else. You just show up and enjoy.
• More Options : You’re not stuck with one yacht or place. You can try different yachts and locations over time.

How Does It Work?

Fractional yacht ownership isn’t complicated. Here’s a quick rundown of how most people do it.

Choosing a Program

There are lots of different options out there, so you’ll want to find one that fits what you’re looking for in terms of yacht type, location, and how often you’d like to use it.

The Agreement

You and the other owners sign a contract that spells out everything important, like who gets the yacht when and who pays for what. This helps keep everyone on the same page.

Time to Sail

You book your time on the yacht based on the system the managing company sets up. It’s designed to be fair so everyone gets their turn without any fuss.

Why Consider Fractional Yacht Ownership?

Here are some of the big reasons people like fractional yacht ownership:

• It’s Affordable : You get the luxury yacht experience without the full cost.
• It’s Easy : The managing company handles the hard stuff. You enjoy the sail.
• You Have Choices : Try different yachts and visit different places without being tied down.
• Meet New People : You’ll be part of a community of yacht owners. Great for networking and making friends.

Is It Right for You?

If you love the idea of sailing on a yacht but don’t want to deal with all the expenses and hassle, fractional ownership could be perfect. It’s all about whether you want the perks of yacht life without the full commitment of owning one outright.

• Ideal for people who want to sail part-time.
• Great if you love trying new experiences and locations.

In the end, if getting onto the water in a hassle-free, cost-effective way sounds good to you, it might be worth looking into more. And if you’re looking for a trusted partner in your yacht ownership journey, Fly Yachts is here to help. We know the ins and outs of fractional ownership and can guide you through the process, making sure you find the right fit for your sailing dreams.

Fly Yachts offers everything for those interested in yachts, from buying and selling to planning a yacht trip. If you’re looking to buy a yacht, theirs  Yachts for Sale  page lists numerous luxury options. For custom yacht enthusiasts, the  Build a Yacht  page details how you can create your dream yacht. Sellers will find the  Sell Your Yacht  page helpful for navigating the sales process. For those dreaming of a yacht vacation, check out yacht rental choices on the  Yachts Charter  page and discover beautiful travel spots on the  Charter Destinations  page. Learn about Fly Yachts’ experience and services by visiting the  About Us  page. The  Compass Articles  page is great for reading up on yachting topics. Aviation fans might be interested in the luxury  Aircraft for Sale . For the latest yachting updates, swing by the  Gulfstream News  page. To get in touch or for more inquiries, the  Contact  page has all the details, or you can simply dive into their  Homepage  to see all that Fly Yachts has to offer.

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Fractional Yacht Ownership

Sea Style Yacht Partners is a premier yacht fractional ownership company offering a unique and worry free way to experience yacht ownership. With our focus on providing exceptional service and attention to detail, we pride ourselves on offering unparalleled experience to our yacht owners. Our company is dedicated to offer fractional ownership solutions on fully crewed Lagoon catamarans over 55′, which are known for their exceptional stability, comfort and spaciousness.

Explore the exquisite fleet Sea Style has waiting for you.

Beneteau Grand Trawler 62

Starting at $625,000

Lagoon SEVENTY 7

Starting at $1,950,000

Lagoon SIXTY 7

Starting at $1,225,00

Lagoon SIXTY 5

Starting at $1,225,000

Lagoon SEVENTY 8

O Yachts Class 6

Starting at $850,000

25% & 50% Shares

At Sea Style Yacht Partners, we believe that yacht ownership should be simple and can be made more affordable by sharing ownership with up to 4 individuals. By offering 25% or 50% ownership shares, it allows our clients to enjoy the benefits of yacht ownership without the high costs and maintenance responsibilities. Our yacht management team takes care of everything from maintenance to crew hiring and provisioning, ensuring that each trip is stress-free and enjoyable.

Lagoon Sixty5

Arriving Fall 2024

Shares are available on our upcoming Lagoon Sixty5, contact us today to reserve your ownership on this Lagoon Catamaran that will be located in The Bahamas & Caribbean each winter and North East US coast during summers.

Sea Style is a US based and owned company with headquarters in Annapolis, MD. Sea Style is part of the SSA Group, a leader in fractional yachting for the past 20 years. With over 500 boats under management since its inception, the SSA group and its team has unparalleled experience in yacht fractional management.

World Destinations

Whether you want to sail on the south coast of France or Italy, in the Caribbean, the US eastern seaboard or even French Polynesia, contact us to learn more about our locations and yacht ownership opportunities. Each of our yacht has a dedicated cruising area depending on the season and owners’ input. For example, one yacht can have their first winter season in Florida or Bahamas and be relocated to the New England for the summer, and then be shipped for a summer in the Med the following summer.

We are sure you have questions, visit our FAQ page for some quick answers. Or contact us for more information!

If you’re interested in learning about how we approach yacht ownership and more, please contact Sea Style.

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Fractional Yacht Ownership

Fractional yachts ownership differs from chartering in that the person who plans to use the vessel will own parts of it. One of the main benefits of fractional yachting ownership is that it can help keep buy-in costs low for a larger yacht and leave the maintenance to a management company.

If you are interested in fractional yachts ownership, AVYachts is the company you can turn to. We offer quality fractional ownership service to those who are dreaming of owning a yacht. Through our service, you can enjoy the conveniences of yacht ownership without the hassle of maintaining the vessel.

The Smart, Cost-Effective Way of Yachting

Some may consider yachts as the perfect holiday home. Nothing compares to exploring the seas on a boat that offers optimum comfort and functionality. That said, not everyone may be able to afford to live the yacht life. This is where fractional yachts ownership can help.

The goal of fractional yachts ownership is to tailor individualized, intelligent, and secure yachting ownership solutions to the needs of anyone who aspires to be a yacht owner. Different from traditional ownership, fractional yachts ownership guarantees your enjoyment of exploring the seas while you get to keep yachting costs to a minimum.

With fractional yachts ownership, you may be able to own a yacht that is bigger than the vessel you may be able to get for your current investment. Fractional ownership also allows you to use the boat as you like and on most days that are convenient for you. The berthing, cleaning, repairs, and maintenance of the vessel will be the responsibility of the fractional yachts ownership company.

Realizing Your Dream of Owning a Yacht

The high purchase price and ever-increasing annual costs associated with yacht ownership are one of the reasons why some of us stay away from it. This reason to avoid yacht ownership is supported by the fact that no one would normally use a yacht 24 hours a day and 365 days a year. With fractional yachts ownership, you can live your dream of owning a yacht at a fraction of the costs.

An Affordable Alternative to Traditional Yacht Ownership

By distributing the purchase and annual costs of yacht ownership with another individual, you can enjoy the benefits of luxury yachting in a way that may be more affordable for you. Those who share yacht ownership may be able to use their vessel in an individualized and flexible the entire year. In addition, they can avoid time conflicts by sharing yacht ownership with a person whose interests align with theirs.

Living the Yachting Life Without Any Hassle

Through fractional yachts ownership, you can enjoy your pressure leisure time at sea while someone else handles all the aspects of yacht management for you. The fractional ownership company will help make sure that the shared vessel is in top condition and arrange maintenance, mooring, and repositioning as needed.

Fractional Yachts Ownership That Fits Your Budget and Lifestyle

Great fractional yachts ownership should be able to provide you with customizable packages that can fit your lifestyle as well as budget. At AvYachts, we give you the choice to be a shared owner for three or six weeks of the year. Additionally, you will be offered the opportunity to sell or trade a week at sea with a week on shore. This is through the privileges of being a Premier Elite Alliance member.

We understand that one size does not fit all in fractional yachts ownership. For this reason, we allow you to choose the size of your yacht as well as the time on board that is the most convenient for you.

Frequently Asked Questions

Where can I use the yacht?

When you co-own an AVYachts yacht, you will have the ability to use it in amazing destinations in your five years of ownership! You can always consult our representative for our destination guide.

What does the quarterly fee cover?

The costs of maintenance, crew service, insurance, and repositioning to locations are included in the quarterly fee.

What are my options if I want to sell my share before my five-year ownership ends?

You have two options. If you realize that our ownership program is not for you within your first year of ownership, we are willing to buy back your share for the 70% of what you paid. Should you wish to sell your portion of the vessel before your five-year term is over, we will do everything we can to help you market and sell it as if it were a full yacht sale.

Reach Out to AVYachts Today

Do you wish to own a yacht without paying its full purchase price? Our shared ownership program at AVYachts may be the best solution for you. Contact one of our staff members now for more information.

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Yacht Share Legal Documentation

The core of fractional ownership is the syndicate agreement that all the owners sign up to and abide by.

The Fractional Association’s shared yachts’ operational management programme has evolved over many years, and their syndicate agreement has been updated and amended over those years to remain relevant and to always run in tandem with evolving operational experiences derived from the ever growing numbers of yachts syndicates and new fractional owners around the world.

The objective of the agreement is to outline the expectations and provide a robust but ‘plain English’ understanding for all parties. It should be read in conjunction with the Fractional Association’s Code of Conduct which underpins the Syndicate Agreement.

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The Yachting World Has Been Slow to Embrace Fractional Ownership—Here’s Why

“a big reason is most yacht owners don’t like to share,” says tankoa ceo vincenzo poerio., michael verdon, michael verdon's most recent stories.

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“It’s a logical business model that gets an illogical reaction from the yachting community,” says Vincenzo Poerio, CEO of Tankoa Yachts . “A big reason is most yacht owners don’t like to share,” he says, adding that those who are willing tend to have very high expectations. 

Another challenge is that, beyond vessel and crew management, fractional operations are expected to provide white-glove services. A success story in this marketplace is SeaNet , which began its shared-ownership program 18 years ago in California and now has a fleet of Benetti superyachts sailing the Mediterranean and the Caribbean. 

“Benetti’s a name our clients are comfortable with,” says Mike Costa, SeaNet’s founder and CEO. “We acquired our first in 2016 and are now moving to our sixth Benetti, the 34-meter [approximately 111-foot] Oasis, currently in build.” SeaNet limits owner shares to four to maximize the number of weeks on the vessel. “We don’t want it to ever feel like a time-share or a use-it-or-lose-it situation because of the scheduling,” he says. SeaNet rotates owners each year during holidays and peak seasons for “equal prioritization,” as Costa puts it. Its fleet also includes luxury watercraft from Absolute , Sunseeker and VanDutch . 

For around $4 million per share, each owner receives 31 days of usage, and Floating Life does its best to personalize the onboard stay, whether that means installing private art or procuring favorite wines and other culinary preferences beforehand. “The owners don’t need to take care of anything,” says Filippo Rossi, Floating Life’s chief commercial officer. “When they’re done, it’s like leaving a hotel room—no worries about crew, cleanup, maintenance or the other issues that come with yacht ownership.” 

Which sounds great, but it begs the question: Why hasn’t Floating Life found the full roster of buyers it needs to start building the Dream 42, particularly with today’s record demand? “It will always be a niche,” Rossi says. “Fractional will never revolutionize yachting. A yacht is simply too difficult for most companies to manage.” 

Florida-based AvYachts jumped feet-first into the fractional pool in 2017 but eventually sold its Westport 130 and Westport 112; it’s still in the game, though now as more of a brokerage service that matches two owners with single yachts . It has no interest in the post-sales management side of the business, focusing instead on what founder Kathy Kennedy calls “shared ownership solutions.” 

Patrick Gallagher, president of NetJets , calls the fractional-yachting concept “a fascinating model” but understands its shortcomings. “It doesn’t have the mix of business and leisure that complement each other,” he notes. “We also have guaranteed access year-round, while demand in yachting seems much more seasonal.” But, he adds, it could be a viable maritime model if someone “brings it to scale with the right operational restrictions.” Clearly easier said than done.

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