If a Co-Owner Stops Paying
At Mallorca Homebase, co-ownership is built to be smooth, fair, and stress-free — even if a co-owner fails to pay their share of the annual costs.
Built-In Protection from Day One
Each co-owner makes an upfront deposit equal to six months of annual costs (maintenance, cleaning, insurance, admin, etc.). This buffer ensures stability and protects the group from disruptions.
Clear Steps if Payments Are Missed
If a payment is delayed, the administrator acts immediately and discreetly:
- Personal contact to clarify the situation
- A short grace period to catch up
- Options to cover the balance by renting out or selling weeks
Legal Safeguards
To protect the group:
- Every share is secured with a pledge clause in the legal agreement
- Shares cannot be sold or transferred if there is an unpaid balance
- If necessary, the administrator can initiate a forced resale of shares to recover the debt
No Stress for Other Owners
The administrator handles all communication and solutions. Other co-owners are not dragged into conflicts, discussions, or financial issues — their investment and enjoyment remain fully protected.
Resale with Respect
If resale is needed, Mallorca Homebase assists in finding a new co-owner. Existing owners are informed but never obligated to act. All transfers follow the same legal rules that guarantee fairness.
Fairness, Not Punishment
Life happens. The system isn’t designed to punish, but to protect the shared investment and keep co-ownership enjoyable for everyone — today and in the long run.
