FAQ
Questions, answered.
Is co-owning a boat the same as renting or a boat club?
No. In a co-ownership, each partner actually owns part of the boat: you're on the title, you share the fixed costs (slip, insurance, upkeep) and you split the time. There's no rental company and no per-trip fee to us.
What does CoBoating cost?
Listing a share and signing up for alerts are free while we launch. We only make introductions. We never hold money, keys or boats, and we're not a party to any agreement between owners.
How is a share priced?
The owner sets a buy-in price for the share (for example, half the boat's fair value for a 1/2 share) and a monthly amount that covers the buyer's part of slip, insurance and upkeep. Fuel is usually paid by whoever is using the boat.
How do partners split the time?
It's up to the partners. Common setups are alternating weeks, a shared calendar with a few holiday picks each, or weekdays vs. weekends. Write it down in your co-ownership agreement before you buy in.
What about my marina's no-sublet rule?
Co-owning isn't subletting. Many marinas that ban sublets do allow recorded partners. That usually means adding the co-owner to the title, registration, insurance and slip agreement. Always ask your marina first; our marina-ready checklist walks through it.
Are listings verified?
Every listing is reviewed by a person before it goes live, and we remove anything that looks off. We don't inspect boats or check titles, so always see the boat in person, confirm ownership and get a survey before you buy in.
What happens after I request an intro?
We pass your name, email and message to the owner so you can talk directly. From there, meet in person, see the boat, and agree on terms in writing.
Do you handle contracts or payments?
No. CoBoating is an introduction service only. A co-ownership agreement template is coming soon as a free starting point, but it won't replace advice from a lawyer, your insurer or your marina.
Can I list a boat that has a loan on it?
You can list it, but be upfront in your description. A lender may need to approve adding a co-owner, so talk to them before you accept a buy-in.
Which boats can be listed?
Any recreational boat: pontoons, tritoons, bowriders, wake boats, fishing boats, cruisers, sailboats and more. We're starting with lake boats and pontoons, but all types are welcome.
How do I remove my listing or alert?
Reply to any email from us or request removal through the form you used, and we'll take it down. Self-serve editing is coming.
