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.

Description

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

Click here to view a sample agreement.

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

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

We recognise that the arrangements for issues such as making reservations to use the campervan and cost splitting will need to be different for each sharing club depending on the individual circumstances. To allow for such flexibility many parts of the agreement can easily be personalised to meet the needs of a particular sharing group. For example, the agreement provides for all of the running costs of the campervan to be split between the sharers. The default position is that the various running costs are split equally, except for fuel which is paid for by each sharer depending on how much fuel they have used. It is possible to alter the agreement if required so that costs are divided between the sharers in a different manner.

The agreement comes with extensive Drafting and Guidance Notes which fully explain the operation of the agreement, practical tips and useful documents for use within the campervan share scheme such as example agreements for the sale/transfer of a share, an example agreement when buying a campervan jointly and an example notice of retirement.

For further information about campervan sharing please see the Campervan Sharing Factsheet, and the campervan sharing page of SharingContracts.com

Please Note...

All of the contracts available from this site have been drafted by our own team of lawyers.

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