How Lifestyle Co-Ownership Works

Yes. Every Lifestyle Co-Ownership home offered through Mallorca Homebase is delivered turnkey — fully furnished, equipped, and ready for immediate use.

We take care of everything before your first stay:

• Interior design is handled by professionals, often in collaboration with Nordic design brand Slettvoll, ensuring timeless, high-quality furnishings.

• Complete furnishing includes beds, sofas, dining furniture, lighting, curtains, rugs, and wall décor.

• Essential equipment like kitchenware, small appliances, towels, and linens is included — so you don’t have to think about logistics.

• Home tech such as Wi-Fi, smart locks, TVs, and air conditioning is pre-installed and tested.

You just arrive with your suitcase — and start enjoying your Mallorca home from day one.

This setup ensures consistency across all co-ownership homes and maximizes comfort, value, and usability for every owner.

Mallorca Homebase handles the entire property management and operations on your behalf — so you can enjoy your home without hassle.

The service is divided into two layers:

1. Local Property Management

Each home has a trusted, local property manager responsible for:

• Cleaning and changeover services

• Maintenance and repairs

• Garden and pool care

• Guest preparation and check-ins

• Emergency support when needed

This ensures that the home is always in excellent condition and ready for the next owner visit or rental.

2. Central Operations Platform

Mallorca Homebase oversees:

• Booking calendar and owner preferences

• Internal accounting and cost distribution

• Communication between owners and support

• Rental income payouts and reporting

• Legal compliance (tourist taxes, guest ID registration, etc.)

All owners have access to a secure owner portal, where they can track everything — from bookings and usage to costs and communication.

Our model is designed for international owners who want peace of mind, transparency, and a high standard of service — without needing to manage anything themselves.

Yes — ownership is fully legal, protected, and structured under Spanish company law.

Each co-ownership home is owned by a dedicated Spanish limited company (S.L.), where:

• The company owns the property 100%

• You own shares in the company equal to the number of weeks you’ve purchased

• All rights and responsibilities are documented in the company bylaws and a legally binding Shareholder Agreement

This model ensures:

• Full legal clarity and protection for international buyers

• Ownership can be transferred or inherited

• Your name is registered in the digital shareholder ledger on Ledgy.com, our secure platform for cap table and share management

• All transactions (buying, selling, transferring shares) are executed with DocuSign and full KYC compliance

The Shareholder Agreement protects all owners equally and includes:

• Rules for usage, resale, and co-owner decisions

• Voting rights (1 share = 1 vote)

• Conflict resolution mechanisms

• Pre-emption rights (co-owners have first option to buy if someone wants to sell)

This structure gives you long-term legal protection, transparency, and the ability to manage your investment across borders — with zero bureaucracy.

Each co-ownership property is acquired in full, with no debt.

The Spanish S.L. company is funded entirely by the capital raised from the co-owners who purchase shares, plus a small liquidity buffer to cover initial setup and unforeseen expenses.

No Loans. No Leverage. Full Security.

This means the company:

• Pays for the property in cash

• Remains debt-free and fully liquid

• Is not exposed to interest rate fluctuations or refinancing risks

It’s a solid foundation designed to protect all owners.

What if an owner wants to borrow against their shares?

While the company itself never takes on debt, individual owners are free to seek private financing or pledge their shares as collateral — but only within the rules of the shareholder agreement.

For example:

• Any lender must accept that co-owner shares come with usage rights and obligations.

• All pledged shares remain subject to the right of first refusal for existing co-owners, ensuring stability.

• The lender cannot interfere with the shared usage model or block resale to a new qualified co-owner.

What if an owner can’t pay their share of the costs?

All owners contribute to the property’s shared annual costs. If an owner fails to meet their financial obligations, the company administration is entitled to:

• Place a lien on the owner’s shares

• Offset unpaid dues from rental income (if applicable)

• Eventually repossess and resell the shares to recover owed amounts

This ensures that the property always remains well-maintained and fully funded — without penalizing the other co-owners.

The system is designed to be fair, transparent, and self-protecting — giving every owner confidence in the long-term value of their investment.

Mallorca Homebase S.L. is the platform operator and facilitator of the co-ownership model.

We are not the owner of the homes and do not act as the real estate agent selling to you. Instead, our role includes:

• Property Sourcing & Due Diligence: We identify high-quality homes suitable for co-ownership and ensure legal and technical checks are completed before any acquisition.

• Company Setup: For each property, we create a dedicated Spanish S.L. company that owns the home. Co-owners purchase shares in that company corresponding to their chosen weeks.

• Digital Ownership Ledger: We register all ownership in Ledgy.com, a digital cap table platform, allowing transparent and secure tracking of shares.

• Ongoing Administration: We manage accounting, reporting, share transfers, and owner onboarding via trusted local partners.

• Club Homebase Operations: We oversee usage management, rental handling, swap coordination, and owner support across all homes.

Our goal is to make ownership frictionless, transparent, and secure — while ensuring that each home remains legally compliant, financially healthy, and well-maintained.

Yes. Every property considered for co-ownership is thoroughly vetted before it is approved and acquired. This includes:

• Legal Due Diligence: We verify clear title, zoning compliance, and absence of encumbrances through our legal partners in Spain.

• Technical Inspection: Independent experts assess the structural condition, installations, and overall maintenance status of the home.

• Valuation & Market Comparison: We ensure the acquisition price is fair by comparing similar properties in the local market and assessing rental potential if applicable.

• Lifestyle Fit: For Lifestyle Co-Ownership homes, we select properties in sought-after areas with strong appeal, ensuring long-term desirability and usability across seasons.

• Investment Viability: In cases where homes qualify for short-term rental (with tourist license), we ensure that layout, access, amenities, and local regulations support this use.

Only properties that meet all criteria are approved as “Homebase Ready.” That means you co-own a legally secure, high-quality home — without surprises.

Mallorca Homebase operates with strict financial discipline to protect all co-owners and the integrity of the property.

Here’s how it works:

• Prepaid Operating Budget: When the property is purchased, the company is fully capitalized by the co-owners’ share purchases — including a buffer to cover operations and maintenance. There is no debt, and the company always remains liquid.

• Ongoing Contributions: Each owner is responsible for their share of annual fixed costs (e.g., insurance, property tax, community fees, maintenance). These costs are transparent and billed in proportion to ownership (number of weeks).

• Late or Missed Payments: If an owner does not pay their share of the fixed costs, the administration will:

  1. Notify the owner and issue a payment reminder.

  2. If unpaid, take temporary collateral in the form of the owner’s shares.

  3. Use shareholder agreement rules to recover outstanding amounts from future income or, if necessary, initiate resale of shares.

• No Impact on Other Owners: The company structure ensures that non-payment by one owner does not impact access, enjoyment, or finances of the other owners.

• Lenders Must Respect Co-Ownership Rules: If an owner uses their shares as collateral with a third-party lender, that lender must agree to the shareholder agreement, including respecting pre-emption rights for other owners.

This ensures fairness, protection, and long-term value stability for everyone in the co-ownership group.

Yes — co-ownership is designed to be flexible and adaptable to your changing lifestyle.

Here’s how it works:

• Upgrade Anytime: If more weeks are available in your property, you can purchase additional shares at the current market rate. Existing owners always have first right of refusal (forkøbsret) before shares are offered to new buyers, as outlined in the shareholder agreement.

• Reduce Ownership: You can also choose to sell some of your weeks at any time via the internal resale platform. Whether you want to reduce from 14 to 7 weeks or exit completely, the process is transparent, secure, and handled through Ledgy’s digital share ledger with DocuSign.

• Life Happens: If your travel habits or financial situation change, you’re not locked in. Mallorca Homebase is designed to offer flexibility over time, allowing you to adjust your ownership while maintaining long-term value.

This flexibility makes co-ownership a smart way to enjoy Mallorca now — and stay aligned with your future plans.