Long Term Boat Lease -Australia

[SV Adina]

12 m sailing catamaran - Fountaine Pajot - Lipari.

We have sailed for 4 seasons up the east coast os Australia and are looking for a different adventure next year.

We are not ready to sell the boat but are considering having some sort of lease arrangement for 12 months in 2023.

In theory the right person would lease our boat just like renting a house.

Obviously a lot more complex than renting a house but can be arranged.

Look forward to thoughts, questions and comments.

Rosy

[JPA Cate]

Hi, Rosy, Your post raised some questions for me, but I am aware sometimes people are looking for what you propose.

How would repairs be handled?

What about wear & tear on your boat?

How would you structure routine maintenance?

Would you permit offshore trips? for instance, to New Caledonia or Vanuatu?

Ann

[SV Adina]

Hi Ann,

It would be just for cruising East Coast Australia, no overseas.

It would be handed over with new rigging, new anti foul and fully serviced to start.

Further maintenance would handled by the lessee.

Wear & tear and damages would be part of some sort of bond/discussion.

We are just investigating options and interested people.

Cheers,

Rosy

[RaymondR]

A high percentage of the hire boats in the Whitsundays are privately owned and placed with the charter companies for charter by the owners.

[ozsailer]

Hi guys, being from Oz here are some things that you may not have considered. I would think your insurance company would be very interested in your plan and any leasing agreement you may have. I would also be researching tax/business requirements on such a project. Hopefully you have already considered the experience and background of any proposed leasee. I would most definitely have a legal document in place outlining your obligations, expectations and visa versa for the leasee. Things happen in life and I would also consider a get out of goal clause where you can stop the lease in case of unexpected financial or health reasons. I know this one as an very unexpected health issue forced us to sell our cat . I would also have a detailed list of what is on the boat at the time of lease and expected to be on the lease. I would also consider who would be responsible for all safetly gear and maintenance on the vessel. With houses remember the landlord is responsible for all maintenance including changing of light globes and ensuring fire alamrs are working. Ultimately I think the idea of putting the vessel into charter may be the way to go given just some of the issues that have been raised.

Goodluck
Ozsailer

[SV Adina]

Thanks Ozsailor,

We don't need to do it just interested on thoughts. We are going to be overseas for 12 months so thought it may be a great opportunity for a sailor in between boats or someone who can't afford to buy one.

Cheers,

Rosy

[goboatingnow]

You are undertaking a commercial activity. You need to check local regulations , talk to your insurance maybe get specific legal advice

[ppjoly]

HELLO
Fairdikem ausi, proves how long ago I was in Australia
We are interested in trading à Hunter 38 on Lake Champlain NY and à house near Montréal for the rest of the period ,How about that?

[ppjoly]

Having been on the Gold Coast way back, I promissed myself I would go back one day. Renting longterm in the Whitsundays sounds good.
Puting our boat with a short term leasing company is not an option for us, to much wear and tear. We would prefer leaving it on the cradle or renting it longterm to another boat "concerned " person. Lake Champlain in the summer months , wich can last from May to October, has all the amenities of the ocean without the tides and currents, salt water, sharks and hurricanes. We are still sailing as we speak.

[Jgeale]

I have done something similar in the past. We did not have a lease. However it was agreed I would have full access to the boat and that during this period I would also pay the cost of maintaining and servicing the boat. My details were provided to the insurer via the broker and there did not appear to be any issue re the insurance. However that may be because there was no lease payment.
It worked for both of us. I got use of a yacht without having to put in capital and he got to keep a boat and have it maintained, whereas if he had stored it that would have cost him. However the yacht was probably much older than yours snot worth nearly as much, so a lot less risk

[LostatC]

I’m sure all previous posts bring up valid points, but it’s kind of sad we live in a world where nothing is simple anymore. The idea of leasing you boat for 12 months seems very straightforward forward, then to see all the hoops and hurdles required to actually do it makes it near impossible. It’s unfortunate, that promises and handshakes aren’t all that we need.

[mako]

Because of all the complexities, many listed above, I would say hand your boat over to a charter/management company and let them deal with it all. give them their percentage. Rely on their advice.

[goboatingnow]

Originally Posted by LostatC

I’m sure all previous posts bring up valid points, but it’s kind of sad we live in a world where nothing is simple anymore. The idea of leasing you boat for 12 months seems very straightforward forward, then to see all the hoops and hurdles required to actually do it makes it near impossible. It’s unfortunate, that promises and handshakes aren’t all that we need.

Sorry

“ hello , I’d like to take your $$$$$yacht around the world”

“I promise I’ll take good care of it “

“ oh that’s fine then let’s shake hands “

Watches as yacht goes out of sight over the horizon

Seriously mate ????