diff --git a/Changelog.draft.rst b/Changelog.draft.rst
index 909ebd6..1b1e644 100644
--- a/Changelog.draft.rst
+++ b/Changelog.draft.rst
@@ -13,6 +13,13 @@ others.
 New Features
 ------------
 
+* Implement per-account locking, so that it will possible to sync
+  different accounts at the same time. The old global lock is still in
+  place for backward compatibility reasons (to be able to run old and
+  new versions of OfflineImap concurrently) and will be removed in the
+  future. Starting with this version, OfflineImap will be
+  forward-compatible with the per-account locking style.
+
 Changes
 -------
 
diff --git a/offlineimap/accounts.py b/offlineimap/accounts.py
index 428cbd8..5a2a120 100644
--- a/offlineimap/accounts.py
+++ b/offlineimap/accounts.py
@@ -25,6 +25,11 @@ import os
 from sys import exc_info
 import traceback
 
+try:
+    import fcntl
+except:
+    pass # ok if this fails, we can do without
+
 def getaccountlist(customconfig):
     return customconfig.getsectionlist('Account')
 
@@ -159,6 +164,35 @@ class SyncableAccount(Account):
     functions :meth:`syncrunner`, :meth:`sync`, :meth:`syncfolders`,
     used for syncing."""
 
+    def __init__(self, *args, **kwargs):
+        Account.__init__(self, *args, **kwargs)
+        self._lockfd = None
+        self._lockfilepath = os.path.join(self.config.getmetadatadir(),
+                                          "%s.lock" % self)
+
+    def lock(self):
+        """Lock the account, throwing an exception if it is locked already"""
+        self._lockfd = open(self._lockfilepath, 'w')
+        try:
+            fcntl.lockf(self._lockfd, fcntl.LOCK_EX|fcntl.LOCK_NB)
+        except NameError:
+            #fcntl not available (Windows), disable file locking... :(
+            pass
+        except IOError:
+            self._lockfd.close()
+            raise OfflineImapError("Could not lock account %s." % self,
+                                   OfflineImapError.ERROR.REPO)
+
+    def unlock(self):
+        """Unlock the account, deleting the lock file"""
+        #If we own the lock file, delete it
+        if self._lockfd and not self._lockfd.closed:
+            self._lockfd.close()
+            try:
+                os.unlink(self._lockfilepath)
+            except OSError:
+                pass #Failed to delete for some reason.
+
     def syncrunner(self):
         self.ui.registerthread(self.name)
         self.ui.acct(self.name)
@@ -175,6 +209,7 @@ class SyncableAccount(Account):
         while looping:
             try:
                 try:
+                    self.lock()
                     self.sync()
                 except (KeyboardInterrupt, SystemExit):
                     raise
@@ -194,6 +229,7 @@ class SyncableAccount(Account):
                     if self.refreshperiod:
                         looping = 3
             finally:
+                self.unlock()
                 if looping and self.sleeper() >= 2:
                     looping = 0                    
                 self.ui.acctdone(self.name)
diff --git a/offlineimap/init.py b/offlineimap/init.py
index 93b7224..f7b2eef 100644
--- a/offlineimap/init.py
+++ b/offlineimap/init.py
@@ -30,14 +30,6 @@ from offlineimap.ui import UI_LIST, setglobalui, getglobalui
 from offlineimap.CustomConfig import CustomConfigParser
 
 
-try:
-    import fcntl
-    hasfcntl = 1
-except:
-    hasfcntl = 0
-
-lockfd = None
-
 class OfflineImap:
     """The main class that encapsulates the high level use of OfflineImap.
 
@@ -46,17 +38,6 @@ class OfflineImap:
       oi = OfflineImap()
       oi.run()
     """
-    def lock(self, config, ui):
-        global lockfd, hasfcntl
-        if not hasfcntl:
-            return
-        lockfd = open(config.getmetadatadir() + "/lock", "w")
-        try:
-            fcntl.flock(lockfd, fcntl.LOCK_EX | fcntl.LOCK_NB)
-        except IOError:
-            ui.locked()
-            ui.terminate(1)
-    
     def run(self):
         """Parse the commandline and invoke everything"""
 
@@ -253,7 +234,6 @@ class OfflineImap:
                     config.set(section, "folderfilter", folderfilter)
                     config.set(section, "folderincludes", folderincludes)
 
-        self.lock(config, ui)
         self.config = config
     
         def sigterm_handler(signum, frame):