Are there any other regular costs?
Yes, there is a quarterly management fee which covers Registration, Insurance, Storage and launch fees, Rottnest access and shared mooring system use, management fee and other regular expenses. This payment is usually under $500 per month depending on the boat and how it is stored, paid quarterly in advance. All other maintenance and repairs made to the boat are split equally between shareholders. There are only 2 exceptions to this is (1) if you damage the boat, then you are up for those repair costs.(2)The other is the annual engine servicing, this is split according to the number of hours used. If you used the boat for 25% of the total hours, it mean 25% of the engine service costs are apportioned to you.