Our concept Movado Marine Multiproperty is derived from the simple fact that yacht owners enjoy their yachts a few weeks per year and that the rest of the time the yacht is just...not used by anybody, which is a real waste of value to the sailing community (the owners on one side and the sailors wishing to enjoy ownership on the other side!).

As for new yachts, the value of this MMM concept is particularly high for existing yachts based in a given harbour.

What we propose:

to sell 25%, 33% or 50% of your boat to a motivated selected co-owner who will acquire a true fraction of the ownership of the boat, either
o directly on the Acte de Francisation of your boat which would be amended to show the split of ownership: this is the basic offering, or
o through a Civil Company (Société Civile in French) that will own the boat and of which you will become share holder (your remaining ownership share %): this optional solution is better in terms of mutual protection of the co-owners (the potential debts of the other co-owner will not impact the shared ownership!) ;

then to manage the boat and the co-owners syndicate as a fractional ownership "syndic" against a yearly management fee. The services provided are described within the MMM concept page. this global management is not compulsory but recommended in order to strengthen the trust of the other co-owner in that sharing solution.

How we would proceed up to the effective sale of a share of your yacht:

you give us all necessary information and significant pictures of the boat, as well as your estimate of the current value of the boat with all her accessories and equipment (we may comment that estimate based on our knowledge of the second hand yacht market);
you decide which share you would like to sell: 25%, 33% or 50%, the remaining one would give the usage time you want to keep (35, 31 or 23 weeks per year);
we build specific pages on our web site as well as other web sites we work with, to market the share that will include a 10% gross margin for Movado Marine to cover all costs until the effective sale;
as soon as we have an interested prospect, we arrange a telephone conference with you, and if you wish to pursue with that potential co-owner, we organize then a physical visit of the boat, with or without you.
should every thing be Ok, we have the MoU signed in order to transform your ownership into a co-ownership, with or without a “Société Civile” in between.

Should you require some more details or information on the process we could give them over the phone on your request.