What is yours2share?

yours2share matches like-minded people who want to share valuable assets. This allows you to make better use of resources and maximise your value for money. It is also environmentally friendly.

Sharing takes two forms: fractional ownership (joint ownership, co-ownership, partial ownership or part ownership), or fractional rent.

Find someone with similar values, and get together to co-own property, boats, paintings or whatever you want. Or if you don't want to buy, but want the use of a valuable asset, find someone to rent it fractionally from.

If you already own an infrequently owned asset, you can raise capital by selling a part share. Or you could fractionally rent part of its use, creating a regular income.

Why use yours2share?
Who is sharing for?
Why share?
What do you mean by valuable assets?
Why would I share with a stranger?
How can I share assets with someone else?
Do I need legal advice?
Can I get help with the documentation?
Isn't this all a bit risky?
Why should I look for someone like myself?
How do I use yours2share?
How much does yours2share cost?
How do I register?
Need some help?

Why use yours2share? top

yours2share enables private individuals to buy and sell shares in boats, property or any other valuable asset and to create new privately run syndicates.
yours2share allows a wide range of managed syndicates, selling both new shares and resales of shares in existing schemes to advertise, so you can see all the sharing possibilities in one place.
yours2share allows buyers to find partners for individual assets such as real estate, boats, fine art etc that are not normally available through the luxury fractional schemes. This could be second-hand, requiring renovation, a specific requirement (stabling, gardens, remoteness, antiquity) or location. For most categories, yours2share is the only way of finding someone who shares your dream, other than placing hopeful and expensive ads in newspapers or painstakingly asking everyone you know!
It enables people to find partners with compatible usage requirements. Some fractional schemes have specific ways of allocating time which may not suit all buyers.
We enable not only fractional ownership, but also fractional renting and shared employment. Fractional renting is growing in popularity for Monday to Friday rentals, but we think there is much scope for weekend rental, alternate weekend rentals and generally more flexible long term rentals, all of which we call fractional rentals. We are not aware of any other agency doing this.
We are dedicated to helping you find the best way to share. There are lots of ways of doing this and there are some important issues that you need to ensure are in place to create a successful sharing arrangement. So our guidance sections are comprehensive and constantly being updated.
yours2share, together with Net Lawman, have drawn up template contract documents to help sharers to create the perfect agreement. We are not aware of any others available on the web.
yours2share is entirely independent; we will not try to sell you mortgages, insurance, legal services or any of the valuable assets.

Who is sharing for? top

High earning individuals and families wanting several different holiday homes all over the world.
Anyone who has dreamt of owning a second home but can’t afford or justify exactly what they want.
Country property owners only using parts of their estate at certain times of the year.
Property owners with spare rooms, who don't want full time lodgers.
Second homes owners only using their cottage, ski chalet or villa occasionally who don't want to holiday let.
First-time property buyers struggling to get a foot on the property ladder.
Investors looking for partners who will manage the letting and maintenance of part of co-owned real estate in return for help buying the property they desire.
Second homes, boat, motorhome or other asset owners who want to raise capital.
Sailors buying or selling shares in boats, yachts or narrowboats.
Private pilots buying or selling shares in light aircraft, helicopters, microlights or gliders.
Sailing, motorhome or car enthusiasts unable to afford or justify the boat they want.
Art, jewellery and designer goods enthusiasts unable to purchase the items they desire.
Investors looking for fellow investors with complimentary skills to make a better investment team.
Investors seeking to reduce risk by investing in a wider spread or higher quality of property or fine art.

Why share? top

By sharing the asset you are substantially reducing the cost of buying and maintaining the asset, and so may be able to indulge your dream when you didn't think it possible.
Sharing an expensive asset justifies its purchase. You might only use a holiday home once or twice a year. However, if this is your life-long dream, sharing makes it possible. This is particularly relevant if you don't want to get involved in renting the asset, for example letting a property for holidays.
Other advantages of sharing include maintenance - for example (depending on the asset), it can be much better for the asset to be used more regularly: real estate, cars, boats, aircraft, and mobile homes do not benefit from months lying unused. Provided they are well maintained, regular use will keep them working well.
It is also better for the security of some assets to have people using it; again this is particularly true of property.
Finally, it often seems environmentally and socially "wrong" to have major assets lying idle for long periods. It seems like a waste of resources. For property in particular it can also seem unfair on the local community if it is only inhabited for a small part of the time.

What do you mean by valuable assets? top

These include property, cars, boat share, aircraft, mobile homes, horses and dogs, jewellery, fine art, and anything else that is valuable.

In general, people are more likely to be interested in sharing items that are infrequently used, such as second homes, cars, boats, and mobile homes.

However, there are some scenarios when the asset could be used constantly by all sharers: property for example, may be bought together by several people as a way of entering the real estate market in areas where property prices are high.

Why would I share with a stranger? top

Sometimes sharing a major asset with a stranger is easier than with friends or family. Buying a major investment with anyone means that you should discuss some difficult issues before going ahead, such as what is the exit strategy and how are you going use the asset? With friends or family these are often not discussed until much too late because to discuss them at all feels like an implied lack of trust. With a stranger, there is no obvious trust, so these issues can be discussed openly from the outset.

To many people the most important advantage of sharing with a stranger is that if things do go wrong, you haven't lost a friend or upset the family!

How can I share assets with someone else? top

There are two fundamental ways of setting up a sharing agreement:

Fractional ownership or joint ownership, (or co-ownership, shared ownership or partial ownership)
Fractional or flexible rental share agreement

Here is a lot more detail about every aspect of sharing agreements and a special set of "sharing" legal document templates put together for us by the leading internet legal document supplier, Net Lawman.

Do I need legal advice? top

Yes

yours2share strongly recommends all sharers take professional independent legal advice both whilst considering a sharing agreement and in drawing up the necessary legal framework and documentation. The cost of this advice should be small in comparison with the asset and is vital in protecting you from some of the risks involved.

yours2share has drawn up together with internet legal document provider Net Lawman. You can develop a draft contract yourselves and then get your solicitors to review it reducing your legal costs.

Can I get help with the documentation?top

Yes

yours2share has drawn up template contracts for sharing agreements together with internet legal document provider Net Lawman. These will give you an idea of the areas that need to be discussed and agreed. You can develop the draft yourselves and then get your solicitor to review in the light of your particular personal circumstances. This will reduce your legal costs.

Template contracts for sharing property, aircraft, horses and boats are already available.

Templates for fractional rent agreements will be available soon.

Isn't this all a bit risky? top

With a little care, you can reduce the risks to a level that most people consider acceptable. There are two areas of risk:

The personal risk of meeting a stranger
The financial risk of the sharing agreement

Safety and security gives some guidance on minimising the personal risks and financial risks and explains the checks you can make on other people. Sharing agreements has a checklist of the issues that you should ensure are negotiated, agreed and written into the documentation. These will help to protect you from the financial risks.

Why should I look for someone like myself? top

There are several reasons why you are looking for a like minded person. For some categories it is important that you have similar tastes and situation. For others you need to have similar values: you need to be assured that the other sharer(s) will treat the asset with the same care and attention that you would. Regardless of the category, if the investment is substantial for you personally, then you may be happier investing with someone who has a similar background: this may mean that they have the same religious beliefs, or the same sexual orientation, or maybe just come from the same area.

How important it is to have similar tastes and situation depends upon the asset and the sharing agreement, but some compatibility is usually essential.

Here are some specific guidelines on identifying like-minded sharing partners and a personal view of boat sharing which highlights the importance of picking your partners with care.

However, unless you are looking for a sharing agreement where you and the sharers use the asset constantly, such as in a property share of your main residence, then you don't actually need to be best friends with your sharers! You simply need to trust them and get along well with them. Once the agreement is in place, you may only meet them once a year.

How do I use yours2share? top

Use the search page to see what kind of sharing agreements are on offer. You can browse through the ads and this will give you a feel for how the site works.
If you want to reply to an ad using the yours2share mailbox, then you need to register. Alternatively if the member advertising has given contact details on the ad, then you can contact them direct.
If you want to post an ad, then you need to register.

How much does yours2share cost? top

In general, yours2share is free to use.

Searching the database is always free of charge and anonymous.

Replying to ads through yours2share's private mailbox is free, you simply have to register to use it. If the member advertising has paid to put their contact details on the ad, you can contact them directly. The private mailbox provides you with a safe environment to meet online. .

Posting up to two ads is free, you simply have to register.

If you wish to put your contact details onto an ad then there is a charge of £10 per ad.

There are three memberships designed for commercial agents selling shares in many items.

10 ads, for 12 months, no contact details - £50.
10 ads, for 12 months, with contact details - £120.
20 ads, for 12 months, with contact details - £200.

If you require a membership which gives more than 20 ads, please contact us for prices.

Your membership payments are always one-off payments. When your membership expires, if you wish, you can sign up for another period of membership.

How do I register? top

To register, click here.

You need to specify a username and password, and a valid email address.

Entering your email address will not leave you open to 'spam', as we do not reveal this to other members when you use our private mailbox. Please see our Privacy and our Terms and conditions for an explanation of the limited occasions when we use your email address.

Once you have completed and submitted the registration form, you will be emailed directly to your own email address. This email contains a link which you need to click to validate your membership. This ensures that the email address you provide is valid and working - so please make sure it is.

Need some help? top

If you can't find the answer to your question or need some help understanding how sharing could work in your circumstances, please call us on +44 (0)208 133 1234 or contact us.

Version 3.2 April 2008

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