Contracts

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A1 Car Share – Buy Shared Ownership Contract

£19.50

If required, this agreement can cater for some of the sharers not to be owners of the car, providing that they will pay a share of the running costs and not simply a mileage rate.

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A2 Car Share – Buy Shared Use Contract

£19.50

This agreement is very comprehensive and, amongst other issues, deals with the following:

  • The obligations of the owner to maintain and manage the car
  • Costs splitting procedures
  • Reservation procedures for the use of the car
  • The allocation of liability between the sharers in the event of damage or accidents
  • Prohibitions and requirements regarding the use of the car
  • How to bring the agreement to an end if necessary
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B1 Motorbike Share – Buy Shared Ownership Contract

£19.50

If required, this agreement can cater for some of the sharers not to be owners of the motorbike, providing that they will pay a share of the running costs and not simply a mileage rate.

This agreement is very comprehensive and, amongst other issues, deals with the following:

  • The ownership of the motorbike and any accessories or equipment related to the motorbike
  • Management of the motorbike and decision-making
  • Costs splitting procedures
  • Reservation procedures for the use of the bike
  • The allocation of liability between the sharers in the event of damage or accidents
  • Prohibitions and requirements regarding the use of the motorbike
  • Procedures for admitting new sharers, and for terminating the agreement, including how to sell a share in the motorbike
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B2 Motorbike Share – Buy Shared Use Contract

£19.50

This agreement is very comprehensive and, amongst other issues, deals with the following:

  • The obligations of the owner to maintain and manage the motorbike
  • Costs splitting procedures
  • Reservation procedures for the use of the bike
  • The allocation of liability between the sharers in the event of damage or accidents
  • Prohibitions and requirements regarding the use of the motorbike
  • How to bring the agreement to an end if necessary
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C1 Horse Share – Buy Shared Ownership Contract

£19.50

This agreement is suitable for use to set up a horse share scheme in which the horse or pony will be shared between two or more people. The agreement can be used in either of the following situations:

  • Two or more people jointly own the horse and will split the costs, tasks and riding time between them.
  • One of the sharers owns the horse and the other sharer(s) will be permitted to share in the riding of the horse in return for doing some of the necessary tasks and perhaps making a payment to the owner to cover a proportion of the costs. The exact provisions on cost division can be adjusted to suit the needs of the group.
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C2 Horse Share – Buy Shared Use Contract

£19.50

This agreement is intended for use in situations where the owner of a horse wants to share the use of the horse with others for pleasure and recreational purposes. This does not preclude any competing by the sharers, but this agreement is not designed to be used to regulate the relationship between people who own or otherwise share a horse for competition purposes. For example there are no provisions for training plans that must be adhered to.

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D1 Boat Share – Buy Shared Use Contract (Large Boats)

£37.50

This agreement is suitable for use to set up a boat share scheme, club or syndicate where two or more people will share ownership (fractional ownership) in a boat. This particular agreement is designed for use in groups that share a larger boat, such as a yacht, motor boat or narrow boat. The criterion for deciding whether a boat is a ‘large boat’ for the purpose of this agreement, is whether it has living accommodation on board. This agreement deals with issues that are specific to larger boats by making provision for reserving the boat for longer periods of time than the alternative small boat agreement, and has more detailed provision for splitting the costs of running the boat, as these will inevitably be higher with a larger boat.

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D2 Boat Share – Buy Shared Use Contract (Small Boats)

£19.50

This agreement is suitable for use to set up a boat share scheme, club or syndicate where two or more people will share ownership (fractional ownership) in a boat. This particular agreement is designed for use in groups that share a smaller boat, such as a day boat, dinghy, rib or small speed boat. For the purpose of this agreement, a ‘small boat’ is one without living accommodation on board. This agreement is specific to smaller boats and does not deal with issues that are inappropriate when sharing a smaller boat, but which might be useful when sharing a larger boat. Although the initial purchase price can be quite high for a speed boat or racing dinghy, the cost is still likely to be less that for a larger boat, and the running costs are usually considerably lower, as mooring fees are either not required or are not so expensive. Therefore, less detailed provisions are required for splitting costs between the sharers.

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E1 Aircraft Share – Buy Shared Ownership Contract

£37.50

This agreement is suitable for use to set up an aircraft share scheme, club or syndicate where two or more people will share ownership (fractional ownership) in an aircraft, whether an aeroplane, helicopter, glider or another type of aircraft.

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F1 Flat / House Share – Buy Contract (Lodger)

£19.50

This agreement is suitable for use to set up a room licence agreement. This is a model of house or flat sharing that involves a homeowner or tenant of a property allowing (licensing) another person to live as a lodger (licensee) in a room or rooms in their home, while sharing other parts of the home together.

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F2 Flat / House Share – Buy Shared Ownership Contract

£19.50

This agreement is suitable for use to regulate the relationship between people who share ownership (fractional ownership) of a property that they will live in together. It deals with day to day practical and financial management issues, and does not deal with defining the method of legal ownership of the property or the shares that the owners have in the property. The owners must ensure that these issues are addressed by the solicitor or conveyancer acting for them when purchasing the property. As a result of separating these property law issues out of this agreement, it can be used to govern the relationship between owners even if the property is abroad, but it is important to remember that the agreement is drafted to be governed by English and Welsh law.

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G1 Holiday Home Share – Buy Shared Ownership Contract

£19.50

This agreement is suitable for use to regulate the relationship between people who share ownership (fractional ownership) of a property that they will not live in as their primary home, but will use as a holiday home. The agreement can be used whether the owners will use the holiday home together at the same time, or whether they use it at separate times.

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H1 Campervan Share – Buy Shared Ownership Contract

£19.50

This agreement is suitable for use to set up a campervan share scheme or club where more than one of the proposed sharers will own a share in the campervan. To achieve this, the potential sharers could purchase a campervan together, or they could buy shares in a campervan already owned by one of the sharers.

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