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Old 26-07-2012, 00:49   #1
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Join Date: Feb 2012
Location: Thailand and Laos
Boat: Bavaria 37 (2007)
Posts: 448
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Leaseback to Charter Company

I'm looking at a couple boats at the moment to buy one and I have been offered the opportunity to leaseback to the vendor, a charter company. I'm not looking at making a huge amount of money but it does solve maintenance costs for the next 12-24 months and some issues with foreign ownership and visa restrictions here in Thailand.

I have already thought of a problem with asset ownership and creditors in the hopefully unlikely event of the company going into liquidation.

Does anyone have experience of this type of operation. What pitfalls should I be careful of?
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