Stability Starts with Structure
The Mallorca Homebase Co-Ownership model is built to be smooth, fair, and stress-free — even if unexpected issues arise with one of the co-owners.
That’s why we’ve designed a clear, respectful, and legally sound process in case a co-owner fails to pay their fair share of annual costs (cleaning, maintenance, insurance, admin, etc.).
Built-In Protection from Day One
When the company is created, each co-owner deposits an upfront buffer equal to 6 months of their annual shared costs. This acts as a financial cushion, reducing the risk for other owners if someone delays or misses payments.
What If a Co-Owner Doesn’t Pay?
If a payment is missed, the administrator takes immediate and discreet action:
- First, the co-owner is contacted personally to understand the situation
- A short grace period allows time to catch up or resolve the issue
- If needed, the co-owner can choose to:
- Rent out one or more weeks to cover the balance
- Sell one or more weeks voluntarily
Legal Rights to Protect the Group
To protect the other owners and the property:
- Each owner’s shares are secured with a pledge clause in the legal agreement
- Shares cannot be transferred or sold if any unpaid balance exists on the owner’s company account
- If no resolution is reached, the administrator may initiate a forced resale of shares to recover the debt — always seeking the best outcome for everyone involved
You Don’t Have to Get Involved
This system ensures:
- No stress for other owners
- No group discussions or drama
- No impact on the property or shared services
The administrator handles all communication and resolution steps. Co-owners remain protected and unaffected — just as they should.
Resale with Respect
If resale becomes necessary:
- Mallorca Homebase and the administrator will assist in finding a new buyer
- Existing owners will be informed but not required to act
- Any resale follows the same legal and ownership rules as all transfers
It’s About Fairness — Not Punishment
Life happens. The structure is not designed to punish, but to protect the shared investment, ensure fairness, and keep the co-ownership enjoyable for everyone — for years to come.
Learn the Full Co-Ownership Solution
Mallorca Homebase Co-Ownership is a complete, transparent model for smart second-home ownership in Mallorca — built around legal clarity, local support, and personal freedom. Explore the full series below to understand how it works and why it’s designed for the way people live, invest, and travel today.
From Dream to Keys – How It Works
A practical guide to how we match co-owners and form your co-ownership group.
