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Originally Posted by neilorourke
The disadvantage of course is that I am tied to them. I'm not planning to sell the website in the near future but I would like to know whether the value of the website would be reduced significantly if the buyer is tied to the same arrangements.
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Should affect the resale value / and or terms of sale - however good your relationship with your friend, any potential buyer can't take the continuation of the relationship for granted, and is likely to either want to discount the price or seek to impose an ongoing warranty on you personally with regard to the continuance of the support relationship. Not a good situation at all, much better to have clear title, and have the freedom to go elsewhere if need be.