FAQ's on Fractional Yacht Ownership
Transparency and consistent customer orientation are main success factors of our business. Please find the major FAQs of SmartYacht below. If you have any other individual question and would like to have access to all FAQs and answers concerning the ownership structure and legal issues, please click here to register and receive access to the protected area of the website >>
Please have a look at basics to get an quick overview!
In the framework of an offer, the annual costs consist of the basic operational costs (administration, mooring, yacht management, maintenance, insurance, etc.) as well as the services pursuant to the SmartYacht service package (shopping service, personal items aboard, etc.). In the detailed cost calculation, the particular cost positions for the respective yacht will be individually calculated and transparently demonstrated. The annual costs indicated by us in the offer will be based on previously determined empirical values and shall be valid throughout the current year. At the end of the year, all payments made will be listed and deducted in a transparent manner. Given this result, a calculation will then be made for the following year - similar to real estate property.
In addition to the annual costs, a maintenance and repair fund for each individual yacht is being set up. The contributions to the fund will be applied exclusively to cover current repairs and maintenance work on the yacht. Following the sale of the yacht, unused portions of this fund will be proportionally refunded to the shareholders in relation to their respective share of yacht ownership - similar to real estate property.
Please have a look at the financial section to find out more about the (annual) costs and compare co-ownership with charter and full yacht ownership!
Summer Season: approx. beginning of June to the end of September
Mid Season: April, May, October, November
Winter Season: approx. beginning of December to the end of March
Distribution of advance reservation time periods per share
Example 1/4 share: 6 weeks advance reservation time periods per year - 2 weeks in each season (summer, mid, winter)
Example 1/3 share: 9 weeks advance reservation time periods per year - 3 weeks in each season (summer, mid, winter)
The remaining free periods are available to the co-owners for spontaneous, flexible usage, maintenance, overhauling or repairs
SPORTS class: > 45 – 60ft (ca. 14 – 19 meters)
EXECUTIVE class: > 60 – 75ft (ca. 19 – 24 meters)
LUXURY class: >75ft (> ca. 24 meters)
Depending on their size and the specific offering, the yachts are sailed by their co-owners or a crew. SmartYacht is not affiliated with any particular make of yacht and can therefore meet individual wishes.
You can make advanced reservations for the yacht you own a share in. As soon as you purchase a share, the calendar for the yacht concerned is made available for reservations up to 12 months in advance. From then on, you can reserve the yacht as you please on a first come, first served basis for up to your maximum advance reservation time allotment. The system automatically ensures that the yacht is available to each fractional owner during part of each season (summer, mid, winter). (summer season: June - September, mid season: April, May, Oct., Nov.; winter season: Dec. - March)
Short-term reservations (i.e. no sooner than seven days and no later than 48 hours in advance) are possible beyond the preferred blocked usage times. There are no additional costs except fuel, provision, etc. If you use another yacht within the scope of our multi-yacht, multi-location program, a little cost contribution to the running costs of the specific yacht is due and of course for fuel, provision, etc. The amount of the cost contribution is depending on the yacht size and can been seen in the online reservation system.