Smartboating - The Leading Boat Share Company

Wouldn’t you prefer to be boating?

Smart Boating provides a unique boat share service that enables you to start living your dreams on the water today! Enjoy all the leisure with none of the hassle… at a fraction of the cost of owning a boat in the traditional way. Time Our walk-on walk-off service means you maximise your time on the water. When you arrive at the marina, your boat is always ready to go – leave all the cleaning and admin to us!

Am I able to sell my share?

Yes. Your unit in the Trust is a tradable asset, which you are free to on-sell at any time to anyone for any price. However, the new owner will have to satisfy certain conditions to protect the remaining owners and pay for their familiarisation session on the boat (cost of $250 incl GST + expenses). Smart Boating will broker a unit for you for a 5% + GST share of the sale price achieved.

How long is the ownership agreement?

The syndicate agreement runs for five years, at which time the boat is sold and the net proceeds are then returned to each owner according to the equity they hold. This has the benefit of giving you the best resale value and is before maintenance costs would start to increase on the boat. Many owners stay with us and move on to a new yacht or upgrade to a larger model.

Are there any hidden costs?

No, basically everything is included. The only additional costs to bear in mind are the cost for acquiring and installing additional equipment voted upon by the owners themselves, any insurance excess payments that may become due following a claim, stand-by use fees, any contingency fund top ups needed and, for motorboat owners, the cost of fuel used.

Who pays for boat damages or unexpected breakdowns?

In the unlikely event of damage, each owner has signed an agreement to pay for any damage they cause to the boat. The boat will be fully insured, which should limit this liability to a maximum insurance excess of $2,000. The boat and equipment are initially covered by a manufacturer’s warranty and there is an allowance in the monthly fee that goes into a sinking fund for unpredictable expenses.