Leaseback to Charter Company

[mausgras]

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?