Shared ownership schemes are becoming ever more popular. A number of like-minded people (the Syndicate) is gathered, each of whom owns a share of the narrowboat. Each owner has an entitlement to use the narrowboat as their own for a predetermined number of weeks per year. In a 12 man syndicate, for instance, each member would be entitled to use the vessel for 4 weeks of the year with the remaining 4 weeks given over to the annual maintenance of the narrowboat. |