Cessna 172 fractional ownership agreement

[Christophermp]

Thanks ChickenHouse

I am looking at a low cost 172 that would be owned by two or three people each member would pay 10 - 12 K for the aircraft and split insurance and maint. probably through a per hour cost to use the plane.

I am primarily interested to have an aircraft to train on while completing my private lic. and when I am licensed for occasional use to keep current until I purchase my own aircraft.

I know one of the other buyers as we are in the same field (fire fighters) and not the 3rd.

Is it common that any repairs are the sole responsibility of the individual flying when the damage occurs or shared amongst the owners (up to the insurance deductible)?

Thanks