We’ve a great new boat sharing case study, Andrew A has sold a share in his Fairline Phantom 48 based in Mallorca, to create a new private syndicate using Net Lawman’s contract templates. Read about it here.
Over the next few days most of you will be celebrating Christmas and New Year with family and friends. I’m guessing that some of you will end up discussing plans for the future, including the purchase of boats, cars, motor homes and holiday homes. When you think about it, these major assets are almost always bought to share. The real return on your investment is the joy of inviting your immediate family, extended family, friends, colleagues or even like-minded people you met through yours2share to share it with you.
(To make life easier, and so that I don’t have to constantly use the word “assets,” which gets a bit tedious, I’m going to use a boat as an example of an asset.)
There are two types of boat owners:
Over the last couple of months I’ve been talking to ShareZen, a new website that helps both types of sharers manage their sharing arrangements. ShareZen has been designed by Drew Bernard, Shawn Kemp and Adrian Pike, who together have shared several holiday homes, a boat and a light aircraft. Drew and his partners wanted a simple online system that made sharing simpler, so they designed ShareZen.
I’m delighted to see the arrival of ShareZen, because it completes the sharing process:
ShareZen has several packages. For single owners who simply want to manage friends and family sharing their boat, the basic package is free. More complex packages are priced on a monthly-fee basis. There is also a free 30-day trial period for anyone. This is extended to a 60-day free trial special offer for friends of yours2share, if you sign up for the trial before 15 February 2011. (They don’t require a credit card at the free trial stage, so you won’t be caught out if you forget to cancel. I like this.)
Andy Sirkin, one of the world’s legal experts on sharing, gives his views on fractional ownership. I couldn’t agree more.
One of the most important points he makes is the importance of the contract. The people who need a contract are usually those who don’t have one. Simply discussing the arrangement sufficiently to write a contract usually means everything has been thought through, understood and agreed. In these cases, the contract is often put in a drawer and never needed again. And that’s just how it should be.
On yours2share there is plenty of guidance on setting up a sharing arrangement and template contracts to help you get started in your discussions. Then get professional legal advice to check it all through.
Someone on my wavelength! I feel like yelling from the rooftops!
This post on shareable.net about non profit organisations sharing to cut costs is one (of many) areas that I’ve always thought yours2share could easily facilitate: resources and services used by organisations. And yet most people don’t even consider this, unless they know people well in the other organisation or unless the economic drivers are very high. In the former category, I know that health authorities often share resources and in the latter, I’m told that oil companies pool together to buy the most expensive spare parts rather than all carry one each of a part that rarely fails. I’ve written a lengthy comment on the above post, so please read this if you want to find out more of my views.
In the article Janelle Orsi is only talking about not for profit organsiations, but I think profit making organisations can also get together to share. The article above is actually the second of two parts. The first part expands on the types of things that organisations could share.
If anyone wants to share accomodation, space, equipment, services or anything else with another organisation, please contact me and I’ll help work out exactly where to post the ad on yours2share and I’ll also work hard to publicise the request.
The sharing solution is run by Attorney Janelle Orsi & Attorney Emily Doskow and is devoted to showing people how sharing can not only be economically advantageous, but also fosters community. I’ve realised over the last three years of running yours2share that once people start sharing, the pleasure at the creation of a new community based around something you love or feel strongly about, is far more important to them than the economic or environmental benefits.
yours2share has a new category: landshare. This category is for people who want to share land for vegetable plots, gardens, horses and livestock. You may have land that you are willing to allow other people to use; or want a piece of land that you can use to grow vegetables or use for livestock. There is detailed guidance here.
This has been a potential category for a year or so, but a recent conversation with someone I met at a trade show, prompted me to get on and set it up.
I was with my partner at an exhibition for working for charities and got talking to a man who worked for a charity that enables elderly people to go on holiday. I have been wondering whether owners of second homes and boats would consider sharing or donating use of their house or boat to charities who operate holidays for disadvantaged people. So I explained what yours2share does.
As so often happens, the man gave me a great example of sharing. His daughter had bought a terraced house with a garden at the front and back. After a few months, she realised that keeping them in order was much more work than she had bargained for, and she was not interested in gardening. To make matters worse, her neighbours were proud gardeners and had beautifully manicured front gardens: her scruffy patch was letting them down. She asked her father what she should do as she couldn’t afford to pay for a gardener.
He suggested that she ask her neighbours if they would be willing to help her. She spoke to them and found that several were delighted to help if they could use her back garden as a vegetable patch. She was pleased to allow them to do this and now gets some fresh fruit and vegetables during the summer.
Everyone is happy. A little communication and a willingness to share goes an awfully long way.
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