Here’s What You Need to Know
Thinking of co-owning a property in Mallorca, but unsure how it works legally?
You’re not alone — and the good news is, co-ownership through Palmallorca is 100% legal, secure, and trusted.
This is not a timeshare.
It’s a smart, transparent way to own and enjoy a beautiful second home on the island — backed by a professional legal and operational framework.
A Real Company Owns the Property
Every co-owned property is held inside a Spanish S.L. company (Sociedad Limitada).
This company owns only the one property — and the co-owners are registered as official shareholders.
This gives each co-owner:
Full legal protection under Spanish corporate and property law.
Clear ownership rights.
Transparent rules and responsibilities.
The legal model is structured to protect your investment long-term — and make it easy to sell, transfer, or add new co-owners if needed.
Everything Is Professionally Managed
Palmallorca works only with experienced, long-established service providers, including:
Global Consulting Mallorca
– Over 30 years of experience in legal, accounting, and company administration on the island.
They provide:
Monthly bookkeeping
Annual tax reporting
Communication with Spanish authorities
Compliance with all legal requirements
You can choose to join the board as an owner — or simply let the appointed administrator manage everything professionally.
What’s Included in the Co-Ownership Setup?
Each co-ownership setup includes:
Legal creation of the S.L. company
Property title registration
Notary documentation
Annual budget and usage plan
Internal rules for booking, usage, resale, and upgrades
Optional personal storage for owners near or in the property
Professional furnishing & interior design — typically by Slettvoll Palma and other trusted local partners
Maintenance, Services, and Benefits — All Taken Care Of
The Palmallorca platform includes:
Local property management
Deep cleaning, maintenance, and repairs
Concierge services and weekly prep
Mobility solution — such as two cars included with each property (SUV + cabriolet)
Full support through the Palmallorca App
You never have to worry about the details. You just book your weeks, fly in, and enjoy.
Rent Out Your Weeks If You Don’t Use Them
Each property is structured to allow rental of unused weeks — either to:
Other Palmallorca members, or
A third party (minimum 4 weeks if no short-term license)
This allows flexibility — and the ability to generate income when you’re not using your time.
So, Is It Safe?
Yes — because it’s built like a real business:
Each property is held by its own legally compliant Spanish S.L. company.
You are a shareholder, with full legal protection and documentation.
The legal administrator is a trusted, qualified local professional — responsible for compliance, bookkeeping, and reporting.
You choose or approve your fellow co-owners, so you know exactly who you’re sharing with.
The legal and financial setup is completely transparent — with everything handled by experienced partners on the island.
At Palmallorca, we’re not selling a timeshare.
We’re building co-owned homes that you’ll love — legally sound, fully managed, and easy to enjoy.
Want to See the Legal Framework for Yourself?
We’ll be happy to walk you through the structure, introduce you to our legal advisors, and show you how simple and secure the model really is.
